Second, if you have money to invest from savings, retirement accounts, and it is money you cannot afford to lose, buy shares of companies in these essential industries: food and beverages, defense, and cannabis. To begin with, you should know that a bet on Mastercard puts investors on the right side of history. Cresco Labs is a multi-state marijuana operator in the U.S., with facilities in nine states including Illinois. Robinhood doesnt permit the trading of OTC stocks on its platform. My takeaway is to nibble at the pot (pun intended) and accumulate shares at prices an investor feels comfortable. CHICAGO Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the execution of a definitive agreement to acquire 100% of the outstanding equity interests in Bay, LLC d/b/a Cure. Additionally, due to the share price volatility, some stocks may turn into penny stocks. The Cresco Labs Inc. stock price fell by -2.11% on the last day (Friday, 3rd Jun 2022) from $3.79 to $3.71. Cresco Labs reported a 2nd quarter net loss of $3.9 million in 2019. Subscribers get access to the model portfolio, cannabis sector research dashboards, real-time updates, and more. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. why can't i find cresco labs on robinhood. The price might fall if . Shares soared as much as 711% last year, amid the meme-stocks frenzy. This growth wasn't the only notable thing about the company's Q1 update, though. People may receive compensation for some links to products and services on this website. All Rights Reserved. Looking for a portfolio of ideas like this one? Categories . Nothing that has happened in the company or its operations has changed my positive outlook. A small but encouraging stimulant to any retail investor is that the total compensation Cresco Labs CEO is below average for companies of similar size; it is more in tune with company performance than others in the industry. Met with at least four different people. Generally 1 - 2 trading days. of price compression. Robin Hood has all the recipes, kitchen tips, and products you need to get baking! I believe the stock is oversold and may be near to a support base of above $5. dropshipping shipping policy template aliexpress. Cresco Labs ( CRLBF 2.53%), the ambitious multi-state operator (MSO) headquartered in Illinois, is gearing up to raise a boatload of cash. I am not receiving compensation for it (other than from Seeking Alpha). Cresco Labs Stock Gains as Origin House Deal Nears Completion . February 21, 2022. As one of the first North American cannabis operators, TRSSF stock has long been a favorite amongst cannabis stock investors. Like MSO peers, leverage has been moving up higher but with the bulk of planned capital expenditures completed in the near term, free cash flow may increase moving forward as the company begins to reap the benefits of improving scale. The premium craft brand arrives with flower, vapes and concentrates available for purchase ahead of 420 Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco or the Company), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the launch of its premium craft brand FloraCal Farms , which features unique genetics in, CRESCO LABS INC. : News, information and stories for CRESCO LABS INC. | CANADIAN NATIONAL STOCK EXCHANGE: CL | CANADIAN NATIONAL STOCK EXCHANGE, Georgias election results have given the industry a big green light, meaning positive moves are expected out of cannabis stocks. Ayr Wellness. More info inside! I am not receiving compensation for it (other than from Seeking Alpha). Cresco also reported its . 28% of employees would recommend working at Cresco Labs to a friend and 29% have a positive outlook for the business. Cresco Labs brings it all together under one umbrella across nine states in some of the most populated states with a love for the flower to edibles, retail and wholesale. At Cresco Labs, we promise to treat your data with respect and will not share your information with any third party. Marijuana is largely a non-starter in the campaign noise. It is a U.S. based company, however, it doesn't touch the plant at all. CRLBF has traditionally underperformed Tier 1 peers - those being Trulieve (OTCQX:TCNNF), Green Thumb (OTCQX:GTBIF), Verano (OTCQX:VRNOF), and Curaleaf (OTCPK:CURLF) - in terms of profitability but it continues to move closer to the pack while many of those peers are seeing margin compression. CRLBF remains buyable in its own right, but it is hard to recommend buying the stock relative to Tier 1 peers considering the weaker cash flow profile amidst a tightening environment. But, since March, 20, the Index price of the 49 constituents has climbed up to $107.90. Recently, Cresco acquired pot grower Bluma Wellness for nearly $213 million. CHICAGO, -(BUSINESS WIRE)- Cresco Labs Inc. (CSE:CL. In March, Cresco Labs agreed to acquire marijuana grower and retailer Cultivate in a deal worth up to $158 million. Cresco Labs, Inc. (CNSX: CL) is based in Chicago, Illinois, operational in seven U.S. states, with binding transactions pending in New York, Massachusetts and Florida, as well as an approved expansion into Michigan. Get weekly updates, new jobs, and reviews. Cresco Labs (OTC: CRLBF) ranks as the biggest of the three. Moreover, these two companies may be stuck in a sort of "limbo" between now and the closing of the merger, as they may not want to waste capital expenditure spend on properties that end up being disposed of in the future. But its shares havent performed well this year, falling more than 40% below the highs set in early 2021. By aquafresh milk teeth watsons. But the beauty of this company is that its direct-to-consumer sales are growing rapidly, and its brands have strong appeal/engagement with its customers. A big part of the reason is that the deal will be funded entirely. Cresco Labs isn't a stock that Robinhood retail investors will be able to invest in. Copyright 2023 Market Realist. cresco labs stock robinhood. Analysts remain universally bullish on CRLBF generally not recommending any selling of the stock. Curaleaf: 114% Growth. The transaction continues Crescos pattern of focusing on strategic markets for marijuana distribution. I consult with startups and mid-level companies. Piper Sandler dropped, Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. The new store marks a milestone in. I surmise the stock can hit the upper target of $28.06, an implied 333% upside. Required fields are marked *. Meanwhile, American Eagle sales dipped 26%, but still saw digital sales jump by 21%. 1. The interest rate it pays on its debt is in the double-digits. Some, like Simply Wall Street and Yahoo, have a $20 price target, while others and I see somewhere between $13 and $15 per share if the momentum about marijuana stocks and Cresco Labs in particular continues. Interview. Small-cap stock performance relative to large-caps is near its worst since the financial crisis (2008)Small caps are in an earnings recession, with balance sheets stretched by high debt. In Cresco's results for the third quarter of 2020, it had revenue of $153.3 million. Volume fell on the last day along with the stock, which is actually a good, TRUL0.17% Cresco Labs Inc $5.65 CRLBF0.18% Verano Holdings Corp $12.00 VRNO0.00% Green Thumb Industries Inc $20.19 GTII0.95% Canopy Growth Corp $8.56 WEED5.94% Planet 13 Holdings Inc $3.19, Cresco also announced its fourth-quarter results today. In 2021, Crescos actual sales totaled $822 million. View real-time stock prices and stock quotes for a full financial overview. Cresco CEO and co-founder Charlie Bachtell said, The Verdant acquisition significantly deepens our position in Ohio, a market that looks structurally similar to Illinois and Pennsylvania in the early years of those medical markets. Save my name, email, and website in this browser for the next time I comment. Marijuana Company News. The stock was delisted from the major exchanges and trades in the OTC market. Cresco Labs is a multi-state marijuana operator in the U.S., with facilities in nine states including Illinois. It's no secret that consumers love brand-name merchandise, and the AE brand gives consumers that luxury without a premium price point. I have shared my DD and tried to explain. I think that Cresco still has . But it is worthwhile at these prices to pick up shares slowly for the long term. How can I buy or sell shares of Cresco Labs stock? Cresco Labs. To make the world smarter, happier, and richer. 10 Top Stocks That Can Make You Richer in 2023, Nasdaq Bear Market: 5 Exceptional Growth Stocks You'll Regret Not Buying on the Dip, 3 Perfect Stocks Retirees Can Buy Hand Over Fist Right Now, These 3 Dividend Stocks Could Soar Between 23% and 32%, According to Wall Street, 3 Stocks to Buy to Escape the Dogecoin Doldrums, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Growth has decelerated rapidly due to regulatory delays and price compression, but many states in its footprint still have adult use legalization ahead of them. There is a definite sense of interest bubbling about marijuana stocks again. The analysts polled by TIKR expect Cresco Labs revenues to rise 68.2 percent and 35.1 percent, respectively, in 2021 and 2022. By aquafresh milk teeth watsons. Yes, I am at least twenty-one (21) years of age or am otherwise a qualified patient. Like MSO peers, leverage has been moving up higher but with the bulk of planned capital expenditures completed in the near term, free cash flow may increase moving forward as the company begins to reap the benefits of improving scale. I speak for free to community and school groups. The primary risks for buying Cresco Labs are changing from earlier years. CRLBF Stock Quotes for Cresco Labs Webull. The marijuana. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. An inspirational, peaceful, listening experience. It's more along the lines of a retail company in the more traditional sense. Cresco Labs CEO breaks down the impact on stocks and the economy if marijuana is federally legalized. Below is a snapshot of the mature adult use markets, rapidly growing adult use markets, as well as medical markets still-yet-to-turn adult use. I learned not to predict the outcomes of any political events in the offing. No significant news for in the past two years. These ex-U.S. users usually generate average revenue that's well below U.S. users, so that's not great news with regard to near-term profitability. Real time Cresco Labs (CL) stock price quote, stock graph, news & analysis. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. How do I buy shares of Cresco Labs? Aurora Cannabis and Canopy Growth are trading at NTM EV-to-sales multiples of 6.3x and 16.0x, respectively. 1. Is this happening to you frequently? Cresco. CRLBF News: Cresco Labs price target lowered at several Street firms following Columbia Care deal: 03/24/2022 08:16:16 AM: CRLBF News: Cresco Labs (CRLBF) Gets a Hold Rating from Needham: 03/23/2022 03:55:11 AM: CRLBF News: Cresco Labs to acquire Columbia Care for nearly $2 billion: 03/23/2022 02:51:14 AM. While it's great that young people are putting their money to work in the stock market, many are doing so with the wrong idea that they're going to get rich quick by diving in and out of the market. Get Cresco Labs Equity Warrants Exp 24 Sep 2022 (CRLWF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. why can't i find cresco labs on robinhoodchicago religious demographics. CRLBF | Complete Cresco Labs Inc. stock news by MarketWatch. And don't overlook the fact that most global transactions are still conducted in cash. *Average returns of all recommendations since inception. The company works in both the medicinal and recreational markets of the cannabis industry which means that it is quite a broad pot stock. That ratio is reasonable for companies in the consumer goods sector, but the ratio in itself is not representative of the true effect of leverage. Though probably more of a short sell pick 22nd Century Group (NYSE:XXII) is one of the best marijuana stocks on Robinhood, at least for investors looking for something cheap. Their range of subject knowledge is valuable but so is their experience with building success under strict regulatory control. Despite the pullback across the sector, ATB Capital Markets analyst Kenric Tyghe is staying positive on US cannabis company Cresco Labs (Cresco Labs Stock Quote, Chart, News, Analysts, Financials, This week, Matt breaks down Cresco Labs stock (Over-the-Counter: CRLBF ). CRLBF's share price is down a third over the past 52 weeks like most other small-cap stocks. It might not be able to last over a year considering the capital spending and investments with the cash balance of $82 million (as of Sept. 30). 20 Nov < 1 min read. The stocks 50 day moving average price is $6.31 and its two-hundred day moving average price is $7.12. Overall, pretty neutral experience. Its stock is available on the OTC (over-the-counter) market as "CRLBF." Here are three fast-growing pot stocks that Robinhood investors can't buy right now but would probably love. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I have defined operating free cash flow as being adjusted EBITDA minus interest and tax expenses. The plan for Cresco Labs Inc. (CSE: CL; OTCQX: CRLBF) to acquire CannaRoyalty Corp. (CSE: OH, OTCQX: ORHOF), more commonly known by its d/b/a name Origin House, has cleared the final regulatory hurdle, but uncertainties remain. why can't i find cresco labs on robinhood. The company was founded in 2013 and has 15 production facilities, 29 retail licenses, and 20 operational dispensaries. Offers may be subject to change without notice. Click here to read more. Stock news and company filing reports for Cresco Labs Inc.. Cresco Labs Inc is a Canada based company engaged in the production and sale of cannabis. A blue wave win in November is likely to boost marijuana stocks but it is not certain a red wave will not do the same in the long run. View analysts' price targets for Curaleaf or view top-rated stocks among Wall Street analysts. The current Market Cap is $1.27B consistently higher Y/Y. The novel coronavirus economy is giving an economic boost to food producers, distributors, and record revenues. On a YTD basis, CRLBF stock is up just a hair under 40%. Typical questions. According to Market Beat, analysts' average target price is $19.21 for CRLBF stock, which is 71 percent above its current price. If you already have an investment account with a brokerage and you want to buy Cresco stock, check whether your brokerage enables OTC trades. Long-term investors should take advantage of dips in the CRLBF's stock price to buy more shares. Even if the U.S. federal government stands pat on its scheduling of weed, state-level legalizations have been. Ayr Wellness ' (OTC: AYRW.F) market cap of around $1.1 billion is well below . Pros Promising Growth In August 2019, Cresco Labs' revenue rose by 253% from $8.5 million to $29.9 million in sales. This includes TD Ameritrade, Webull and TradeStation. This rating has decreased by -20% over the last 12 months. It wholesales products to other retailers to widen its product brand recognition. Get weekly updates, new jobs, and reviews. Is this happening to you frequently? Hello world! Cresco Labs, Inc. is a publicly traded, vertically integrated cannabis and medical marijuana company based in Chicago, Illinois, with current retail operations in nine states where marijuana has, CRLBF has been the topic of a number of recent research reports. There is insider-buying, trading volume is higher than usual the past week or so, and based on past performance, products from Cresco Labs remain in demand so revenues and eventually earnings will grow. Cresco Labs (CSE: CL) (OTCQX: CRLBF), based in Chicago, is a leading U.S. cannabis company with experienced management, access to capital and a demonstrated growth strategy. CURLF | Complete Curaleaf Holdings Inc. stock news by MarketWatch. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, If You Invested $1,000 in Nvidia in 1999, Here's the Shocking Amount You Would Have Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, have strong appeal/engagement with its customers, get its products into more than 575 dispensaries, perfect stock to make Robinhood investors rich, Pinterest's key to sustainable double-digit sales growth, Copyright, Trademark and Patent Information. If you experience any issues with this process, please contact us for further assistance. While this does mean it misses out on a chance to further enhance its revenue stream by charging interest via loans, it also removes any direct chance of the company being adversely affected by rising loan delinquencies during recessions. Cresco Labs has a 12-month low of $5.16 and a 12, Is Cresco Labs a Buy After Announcing Its New Acquisition? Here are three marijuana stocks better than Sundial Growers that Robinhood investors can't buy. The global legal cannabis market size is expected to reach $84 billion in 2028 compared to a projected $33.1 billion in 2021. cresco labs stock robinhood. This individual will be the cultural guidepost for the lab staff working to direct, develop, and support staff. The company assumed debt and holds about a years worth of cash based on the latest report. I was teaching business, social/political activism, and Middle East politics to international university students in Tel Aviv b4 the pandemic hit. Commercial Property Management Qualifications Uk, Cresco Labs is a top tier cannabis operator in the United States. History shows that this rarely, if ever, ends well. The U.S. House of Representatives, on April 1, voted to federally decriminalize marijuana, and ETFMG Alternative Harvest ETF (ticker: MJ), considered a proxy for the industry, didn't do much at . All Rights Reserved. Market Realist is a registered trademark. In January, Cresco closed its all-share deal to buy Origin House, which is one of the few companies to hold a cannabis distribution license in California. People with income may not rush to buy retail clothes or a new car but marijuana is a staple. Real-time Price Updates for Cresco Labs Inc (CL-CN), along with buy or sell indicators, analysis, charts, historical performance, news and more, Cresco Labs (CL) stock price, charts, trades & the USs most popular discussion forums. CRLBF trades at an NTM EV-to-sales multiple of 5.1x, which looks attractively priced compared to other cannabis stocks. what were hoovervilles? Cresco Labs Stock Trading Up on Billion-Dollar, Business man with stock chart business concept. 2 answers. As a vertically-integrated (cultivating, processing and dispensing) leader in the emerging cannabis market, Planet 13 Holdings, Inc. is strategically positioned for grow th. IMO, cannabis is where the most compelling GARP opportunities are.$GTBIF- 40% 20-22 rev CAGR- 26x EV/2021 EBITDA- 36% EBITDA margin$CRLBF- 51% 20-22 rev CAGR- 22x EV/2021 EBITDA- 33% EBITDA margin$AYRWF- 115% 20-22 rev CAGR- 15x EV/2021 EBITDA- 38% EBITDA margin. Cresco is the leading marijuana wholesaler in Illinois, California, and Pennsylvania. cresco labs stock robinhood. Due to the inherent risks of penny stocks, these stocks are not tradable on Webull. Robinhood Gold subscribers can read Morningstar . CRLBF generated $15 million in positive operational free cash flow after deducting interest and income taxes, though I note that is excluding $7.4 million of share-based compensation and $7.2 million of additional acquisition costs. Then again, Pinterest more than doubled its international average revenue per user (ARPU) in 2019, and should considerably grow overseas ARPU throughout this decade. What investors can expect from Cresco is growth on two fronts. Despite reporting a year-on-year sales decline of 15% in the quarter ending Aug. 1, sales of intimate apparel brand Aerie rose 32%, with digital sales jumping an absurd 113%. Along with popping sales, earnings are forecast to grow by 97% for the next three years. Cresco Labs is a top tier cannabis operator in the United States. I have no business relationship with any company whose stock is mentioned in this article. Cresco Labs' mailing address is 400 West Erie Street, Chicago, IL 60654. I co-manage Goldmeier Investments LLC with my son Daniel. Surgeon General. Peterborough Today News, Jan 9, 2021 8:15 AM EST Load More From Our Partners Cresco Labs, News Cresco Labs Inc. No significant news for in the past two years. Some stocks you plunge into with substantial investment of ones purse. If you try to buy Cresco Labs on Robinhood, you won't be able to find it. Another indicator of growing interest in marijuana stocks and CRLBF, in particular, is the increase in trading volume. At the current Cresco Labs price of $6.09 following a nearly 7% dip, the deal values Columbia Care at only $3.40 per share . How long do you have to work at Cresco Labs before you can go on maternity leave? There is more public support for marijuana law reform than ever before with new polls showing more than half the country is in favor of legalizing marijuana. Nearly 2% of shares are still held by insiders though, in the past three months, purchases by insiders far exceed sales of their shares. Search Cresco Labs jobs to find your next Cresco Labs job in Chicago, IL. The company is also has the potential to transform into an e-commerce powerhouse. Chicago-based Cresco Labs, one of the largest vertical multistate cannabis operators in the U.S., is losing a key member of its C-suite. The company's stock trades on the Canadian Securities Exchange under the ticker symbol CL, and in over-the-counter markets in the United States with the ticker symbol CRLBF. Attitudes toward marijuanas availability seem to be changing. Canopy Growth: 111% Growth. Complete Cresco Labs Inc. stock information by Barrons. The average CRLBF stock price target is 14.88 with a high estimate of 28.60 and a low estimate of 6.35. Cresco Labs. For example, total sales in Canada were $2.08 billion in 2020.10-May-2021. Of the eight analysts tracking CRLBF, seven recommend buy, and one recommends hold. None of the analysts recommend to sell the stock. protip #1: don't use robinhood. Given the high leverage, there is the risk that projected margin expansion does not occur and this company is left with an unsustainable debt load. The companys average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings. cresco labs stock robinhood. Cresco Labs is a publicly-traded company. CRLBF stock is also down 35.7 percent from its 52-week highs. I wrote this article myself, and it expresses my own opinions. Recruiter did not reach out until I reached out to them regarding final decision. The stock is too cheap here, but investors might prefer peers due to the pending merger with Columbia Care. Cresco Labs (QX) (CRLBF) stock price, charts, trades & the USs most popular discussion forums. Debt is $285M. Cresco Labs (OTCQX:CRLBF) (CSE:CL) launched its premium craft brand FloraCal Farms, which features curated flower, live rosin vape and live rosin concentrate formats now available at all Illinois, Cannabis is expected to produce $30 million in U.S. revenue this year. Metrc is the most trusted and experienced provider of cannabis regulatory systems in the United States. Please. The price has fallen in 6 of the last 10 days and is down by -6.55% for this period. By comparison, economic expansions are measured in years, with the recently ended bull market of 11 years registering as the longest on record for the United States. The Motley Fool has a disclosure policy. On April 20, Cresco Labs (CRLBF) stock fell 6.1 percent to close at $11.25. Making the world smarter, happier, and richer. In the latest quarter, CRLBF reported 4% year over year revenue growth to $218 million. Mastercard's runway to promote cashless transactions in underbanked regions should allow it to grow at a healthy clip for decades to come. Cresco Labs Stock Has High Potential & Volatility Does Cresco Labs Inc (CNSX:CL, OTCMKTS:CRLBF) have what it takes to reach $1.0 billion in revenue, Cresco Labs Announces Fourth Quarter & Full Year 2021 Results with Record Revenue, Adjusted EBITDA1 and Operating Cash Flow Company reports 73% year-over-year revenue growth and 219% adjusted, Your email address will not be published. While that acquisition may be accretive on a price to sales basis, as discussed earlier is likely to put a strain on cash flows. We are holding our shares of Cresco Labs and slowly accumulating more because of managements qualifications turning the young, fast-growing company into a sustainable, vertically integrated cannabis company. We are thrilled to be amplifying our operations in Ohio this year and look forward to bringing our brands to more patients throughout the state.. First, there's the company's retail exposure. History of Cresco Labs Stock Price. The stock dropped despite there being no company-specific news or an analyst downgrade. Cresco Labs Stock Robinhood. Robinhood released Robinhood Snacks, a quick everyday newsletter and podcast, in March 2019. I wrote this article myself, and it expresses my own opinions. I think that Cresco still has plenty of . I wrote about the nascent marijuana business for investment opportunities later writing several articles specifically about CRLBF. All customers have instantaneous access to deposits and instant access to funds after closing positions, and your purchasing power is increased as quickly as you start a deposit into your account. For more coverage on cannabis stocks including my top picks, consider a subscription to Cannabis Growth Portfolio. But Pinterest was already seeing double-digit MAU growth prior to the pandemic. Shares of the medical marijuana company Cresco Labs ( CRLBF -6.86%) had fallen roughly 12% this week, as of 2:35 p.m. EDT, for no obvious reason other than negative sentiment in the broader sector. Cresco Labs Reaches 60 Nationwide Dispensaries with the Opening of Two Florida Stores CHICAGO, February 28, 2023--Cresco Labs Reaches 60 Nationwide Dispensaries with the Opening of Two. On average, they predict Curaleaf's stock price to reach $18.30 in the next year. Before determining whether to buy the dip, prospective investors should explore the factors causing CRLBF stock to drop and the marijuana company's prospects to recover in 2021. 22nd Century Group is a biotech company that trades on the NYSE. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Sunnyside, the Companys national dispensary brand, is a wellness-focused retailer. Our methodology considers analysis of the companys financial situation and how it has traded recently. Last quarter, its sales jumped 34% year over year, reaching an all-time high of $218 million. Why Can't I Buy Cresco Labs on Robinhood? The Transaction will be completed on a cash-free. Cresco Labs posted strong sales growth in its first-quarter results announced in late May. 01/04/2022 16:08:10 1-888-992-3836 Free, Do NOT follow this link! The soaring valuations have led to pressure on marijuana stocks. The stock of the company is also at the risk of further decline. Shares of CRLBF can be purchased through any online brokerage account. Palm Beach Daily News Open Houses, Leadership And Change Management In Nursing, Commercial Property Management Qualifications Uk. I am a former Research and Teaching Fellow at Harvard and Assoc.