Company: CRLBF
Filing Date: 2025-10-06
Form Type: F-10
Source: 0001832928-25-000031
Chunk: 20

Company: Cresco Labs Inc.
Filing Date: 2025-10-06
Form: F-10
Chunk 20
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, assets, and properties can be found in the AIF and other documents incorporated by reference herein, as supplemented by the disclosure herein. See “ Documents Incorporated by Reference ”.

#### Recent Developments
On August 13, 2025, the Corporation closed a refinancing of its senior secured credit facility. The new US$325 million senior secured term loan bears an interest rate of 12.5% per annum and matures on August 13, 2030. It replaces the Corporation's prior US$360 million facility, reducing total debt, extending the maturity to 2030, and providing enhanced flexibility to prepay up to US$125 million at a reduced premium.

Proceeds from the new facility, together with cash on hand, were used to repay in full the existing term loan. The facility contains no equity or convertible features and includes customary financial and operational covenants.

### DESCRIPTION OF SHARE CAPITAL OF THE CORPORATION
The authorized share capital of the Corporation consists of an unlimited number of Subordinate Voting Shares, of which 340,337,989 were issued and outstanding as of September 30, 2025, an unlimited number of Proportionate Voting Shares, of which 83,172 (which are convertible on a 1:200 basis into 16,634,416 Subordinate Voting Shares) were issued and outstanding as of September 30, 2025, an unlimited number of Super Voting Shares, of which 500,000 were issued and outstanding as of September 30, 2025, and an unlimited number of Special Subordinate Voting Shares, of which 158,940,757 (which are convertible on a 100,000:1 basis into 1,589 Subordinate Voting Shares) were issued and outstanding as of September 30, 2025. All of the issued and outstanding Super Voting Shares are held by the Corporation's founders or their successors, heirs or permitted assigns, being Charles Bachtell, Robert Sampson, Thomas Manning and Brian McCormack Trust (together, the “

#### MVS Holders
”). In addition, members of the LLC hold 87,299,119 redeemable units that are convertible into Proportionate Voting Shares on a 200:1 basis.

The Subordinate Voting Shares are “

#### restricted securities
” within the meaning of such term under applicable Canadian securities laws. The Corporation has complied with the requirements of Part 12 of National Instrument 41- 101 — General Prospectus Requirements (“

#### NI 41-101