Cresco labs acquired Columbia care for $2 billion

Cresco labs and Columbia care, two major multi state marijuana operators in the United States, said on Wednesday that they had agreed to merge in a blockbuster deal worth about $2 billion. Chicago based cresco will buy Columbia, which is headquartered in New York. So far, the proposed merger of MSO is one of the largest stocks in the whole marijuana industry and will produce one of the largest in the country. According to the press release, the combined footprint of the two companies will include more than 130 marijuana retail outlets in 17 states and the District of Columbia, covering about 55% of the population of the United States. These states include "today's most influential markets and markets with the greatest advantages in growth and adult use", with particular reference to New York, New Jersey, Virginia, Pennsylvania, Ohio, Maryland and Florida.


Source: mjbizdaily com/