Laurel Harvest Labs, LLC

Laurel Harvest Labs is a US-based agricultural company specializing in the cultivation, processing, and distribution of organic produce, prioritizing sustainable farming practices to meet consumer demand for healthy food options. Founded in 2020, Laurel Harvest Labs focuses on high-quality organic agriculture. In October 2021, the company was acquired by Cresco Labs, LLC for USD 80 mn. The acquisition aims to enhance Cresco's production capabilities and expand its presence in the Pennsylvania market.

Laurel Harvest offers a diverse range of products and services centered on high-quality organic produce. Their offerings are cultivated through sustainable practices, catering to health-conscious consumers, restaurants, and grocery retailers, particularly in the northeastern and mid-Atlantic United States, where farm-to-table initiatives are emphasized. The company generates revenue from direct-to-consumer sales and partnerships with local retailers and wholesalers, involving bulk orders and subscription models for regular produce deliveries. Their pricing structure is tailored to meet the needs of both retail partners and individual customers, focusing on flagship organic products that drive customer loyalty.

In October 2021, Cresco Labs, LLC acquired Laurel Harvest Labs, LLC for USD 80 mn, which will enhance Cresco's cultivation capacity and enable the development of cannabis medical plans. This funding will support Laurel Harvest's expansion strategy within the Pennsylvania market.