SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G/A


UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*


Cresco Labs Inc.
(Name of Issuer)


Subordinate Voting Shares, no par value
(Title of Class of Securities)


22587M106
(CUSIP Number)


03/31/2025
(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)




SCHEDULE 13G/A
CUSIP No.
22587M106


1 Names of Reporting Persons

NOMURA HOLDINGS INC
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

JAPAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 0.00
6 Shared Voting Power: 11,292,268.00
7 Sole Dispositive Power: 0.00
8 Shared Dispositive Power: 11,292,268.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

11,292,268.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

3.4 %
12 Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (1) This represents 11,292,268 Subordinate Voting Shares beneficially owned by Nomura Global Financial Products, Inc. ("NGFP"). NGFP is a wholly owned subsidiary of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the Subordinate Voting Shares beneficially owned by NGFP. (2) The percent of class is calculated based on 331,490,358 Subordinate Voting Shares issued and outstanding as of December 31, 2024, as reported in the Issuer's annual report on Form 40-F for the fiscal year ended December 31, 2024 filed with the SEC on March 14, 2025.


SCHEDULE 13G/A
CUSIP No.
22587M106


1 Names of Reporting Persons

NOMURA GLOBAL FINANCIAL PRODUCTS INC
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 0.00
6 Shared Voting Power: 11,292,268.00
7 Sole Dispositive Power: 0.00
8 Shared Dispositive Power: 11,292,268.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

11,292,268.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

3.4 %
12 Type of Reporting Person (See Instructions)

BD

Comment for Type of Reporting Person: (3) The percent of class is calculated based on 331,490,358 Subordinate Voting Shares issued and outstanding as of December 31, 2024, as reported in the Issuer's annual report on Form 40-F for the fiscal year ended December 31, 2024 filed with the SEC on March 14, 2025.



SCHEDULE 13G/A

Item 1. 
(a) Name of issuer:

Cresco Labs Inc.
(b) Address of issuer's principal executive offices:

600 W. Fulton Street, Suite 800, Chicago, Illinois, 60661
Item 2. 
(a) Name of person filing:

Nomura Holdings, Inc. Nomura Global Financial Products, Inc.
(b) Address or principal business office or, if none, residence:

Nomura Holdings, Inc.: 13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8645, Japan Nomura Global Financial Products, Inc.: Worldwide Plaza 309 West 49th Street New York, NY 10019
(c) Citizenship:

Nomura Holdings, Inc.: Japan Nomura Global Financial Products, Inc.: Delaware
(d) Title of class of securities:

Subordinate Voting Shares, no par value
(e) CUSIP No.:

22587M106
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). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
       please specify the type of institution:
(k)☐   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
 
Item 4.Ownership
(a) Amount beneficially owned:

Items 5-11 of the cover pages are incorporated by reference.
(b) Percent of class:

Items 5-11 of the cover pages are incorporated by reference.  %
(c) Number of shares as to which the person has:
  (i) Sole power to vote or to direct the vote:

Items 5-11 of the cover pages are incorporated by reference.

  (ii) Shared power to vote or to direct the vote:

Items 5-11 of the cover pages are incorporated by reference.

  (iii) Sole power to dispose or to direct the disposition of:

Items 5-11 of the cover pages are incorporated by reference.

  (iv) Shared power to dispose or to direct the disposition of:

Items 5-11 of the cover pages are incorporated by reference.

Item 5.Ownership of 5 Percent or Less of a Class.
 
☒    Ownership of 5 percent or less of a class
Item 6.Ownership of more than 5 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.
 
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.


See Exhibit B
Item 8.Identification and Classification of Members of the Group.
 
Not Applicable
Item 9.Notice of Dissolution of Group.
 
Not Applicable

Item 10.Certifications:
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

    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.

 
NOMURA HOLDINGS INC
 Signature:/s/ Samir Patel
 Name/Title:Samir Patel, Managing Director
 Date:05/15/2025
 
NOMURA GLOBAL FINANCIAL PRODUCTS INC
 Signature:/s/ Samir Patel
 Name/Title:Samir Patel, Authorized Officer
 Date:05/15/2025
Exhibit Information: Exhibit A - Joint Filing Agreement Exhibit B - Subsidiaries
EXHIBIT A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Schedule 13G with respect to the Securities of the Issuer and further agree that this Joint Filing Agreement be included as an exhibit to this Schedule 13G. In evidence thereof, the undersigned hereby execute this Joint Filing Agreement as of May 15, 2025.

Nomura Holdings, Inc.
  
   
/s/ Samir Patel
  
Name:  Samir Patel
  
Title:  Managing Director
  
   
Nomura Global Financial Products, Inc.
  
   
/s/ Samir Patel
  
Name:  Samir Patel
  
Title:  Authorized Officer
EXHIBIT B

SUBSIDIARIES

Nomura Global Financial Products, Inc. is a wholly owned subsidiary of Nomura Holdings, Inc.