M&A
Cresco Labs to Acquire 4 Medical Marijuana Dispensaries in Ohio
Cresco Labs to Acquire 4 Medical Marijuana Dispensaries in Ohio

Chicago-based Cresco Labs has agreed to purchase four medical marijuana dispensaries in Ohio from Verdant Creations, LLC, the vertically integrated cannabis firm announced Tuesday. In a press release, Cresco said the acquisition would allow it to go deeper in a key market where it currently has just one retail shop. 

Cresco Labs Terminates Planned Acquisition, Unloads 2 Properties
Cresco Labs Terminates Planned Acquisition, Unloads 2 Properties

Chicago’s Cresco Labs today said it would sell two cultivation and processing properties to Innovative Industrial Properties, and terminate the previously announced acquisition of Florida’s VidaCann Ltd. In a press release, Cresco Labs CEO and co-founder Charlie Bachtell said the moves would add about $158 million to the balance sheet.

The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate
The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate

In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.

MedMen’s $682 Million Acquisition of PharmaCann Terminated
MedMen’s $682 Million Acquisition of PharmaCann Terminated

A blockbuster merger between two leading multi-state cannabis companies has been called off nearly one year after it was first announced. California-based MedMen Enterprises, which is licensed to operate 70 retail stores and currently has a presence in nine states, announced the termination of its combination with Chicago’s PharmaCann LLC on Tuesday.

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