Cannabis MSO Columbia Care To Acquire Colorado-Based Dispensary Chain For $140 Million

Forbes Report

Columbia Care, a significant company in the global cannabis industry with Multi-State Operator (MSO) licenses across the United States and Europe, will announce today the Company’s intent to acquire The Green Solution (TGS), a Colorado-based vertically integrated cannabis company, pending regulatory approval.

The combination of cannabis companies brings together cutting edge medical marijuana and adult-use capabilities. The acquisition will most likely elevate Columbia Care’s position as an operator in the $1.68B Colorado cannabis market. It will expand the Company’s footprint to 74 dispensaries and 19 cultivation/manufacturing facilities by the end of 2019.

Columbia Care has entered into a definitive agreement to acquire The Green Solution (“TGS”) through a stock and note transaction valued at approximately $140 million.

More at   https://www.forbes.com/sites/sarabrittanysomerset/2019/11/05/cannabis-mso-columbia-care-to-acquire-colorado-based-dispensary-chain-for-140-million/#5d75ad903735

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