Filing Details

Accession Number:
0001832928-24-000010
Form Type:
13G Filing
Publication Date:
2024-02-13 19:00:00
Filed By:
Cresco Labs Inc.
Company:
Cresco Labs Inc.
Filing Date:
2024-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Charles Ian Bachtell 407,763,009 0 407,763,009 0 407,763,009 30.2%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Cresco Labs Inc.
(Name of Issuer)
Subordinate Voting Shares
(Title of Class of Securities)
CA22587M1068
(CUSIP Number)
 
12/31/2023
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
  Rule 13d-1(c)
  Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




SCHEDULE 13G
CUSIP No.
CA22587M1068
1Names of Reporting Persons
Charles Ian Bachtell
2Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3Sec Use Only
 
4Citizenship or Place of Organization
United States
Number of
Shares
Beneficially
Owned by Each
Reporting Person
With: 
5Sole Voting Power
407,763,009(1)
6Shared Voting Power
0
7Sole Dispositive Power
407,763,009(1)
8Shared Dispositive Power
0
9Aggregate Amount Beneficially Owned by Each Reporting Person
407,763,009(1)
10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11Percent of class represented by amount in row (9)
30.2%(2)
12Type of Reporting Person (See Instructions)
IN
(1)Represents voting power of: (i) 5,312.5 Proportionate Voting Shares, each of which is entitled to 200 votes per share; (ii) 200,000 Super Voting Shares, each of which is entitled to 2,000 votes per share; and (iii) 829,886 Subordinate Voting Shares, each of which is entitled to 1 vote per share; and (iv) 5,870,623 options, exercisable for 5,870,623 Subordinate Voting Shares.
(2)Reflects aggregate voting power of 1,350,222,593 shares as of December 31, 2023, based on the following shares outstanding: (i) 118,749 Proportionate Voting Shares, each of which is entitled to 200 votes per share; (ii) 500,000 Super Voting Shares, each of which is entitled to 2,000 votes per share; (iii) 320,600,583 Subordinate Voting Shares, each of which is entitled to 1 vote per share; and (iv) 158,940,757 Special Subordinate Shares, each of which is entitled to 0.00001 votes per share; and (v) Charles Bachtell’s 5,870,623 options.
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Item 1(a) Name of Issuer: Cresco Labs Inc.
Item1(b) Address of Issuer's Principal Executive Offices: 400 W. Erie Street, Suite 110, Chicago, IL 60654

2(a) Name of Person Filing:
Charles Ian Bachtell

2(b) Address of Principal Business Office or, if None, Residence:
c/o Cresco Labs Inc., 400 W Erie Street, Suite 110, Chicago, IL 60654

2(c) Citizenship: 
United States

2(d) Title and Class of Securities: 
Subordinate Voting Shares

2(e) CUSIP No.: CA22587M1068

Item 3.  If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)  Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)  Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a–8);

(e)  An investment adviser in accordance with §240.13d–1(b)(1)(ii)(E);

(f)  An employee benefit plan or endowment fund in accordance with §240.13d–1(b)(1)(ii)(F);

(g)  A parent holding company or control person in accordance with §240.13d–1(b)(1)(ii)(G);

(h)  A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)  A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a–3);

(j)  A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);

(k)  Group, in accordance with §240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with§240.13d–1(b)(1)(ii)(J), please specify the type of institution: ____

Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount Beneficially Owned: 407,763,009(1)

(b) Percent of Class: 30.2%(2)

(c) Number of shares as to which such person has:
 (i) Sole power to vote or to direct the vote: 407,763,009(1)

 (ii) Shared power to vote or to direct the vote: 0
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(iii) Sole power to dispose or to direct the disposition of: 407,763,009(1)
(iv) Shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.
Dissolution of a group requires a response to this item.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.  Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.  Not applicable

Item 8. Identification and Classification of Members of the Group.  Not applicable
Item 9. Notice of Dissolution of Group.  Not applicable
Item 10. Certifications. Not applicable

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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated:  2/14/2024
 
Cresco Labs, Inc.
Signature:/s/ Charles Ian Bachtell
Name: Charles Ian Bachtell
 

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