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TerraVida medical marijuana stores acquired by Chicago weed company in $135 million deal

TerraVida medical marijuana stores acquired by Chicago weed company in $135 million deal Sam Wood, The Philadelphia Inquirer © DAVID MAIALETTI/The Philadelphia Inquirer/TNS TerraVida founder Christina Visco (right) listens during a meeting at their offices in Jenkintown. TerraVida, just sold, is a chain of three stores that sells marijuana for medical use. TerraVida Holistic Centers, a chain of medical marijuana stores based in the Philadelphia suburbs, was acquired on Friday by Chicago-based Verano Holdings, in a transaction valued at about $135 million. TerraVida operates three of Pennsylvania’s top-performing dispensaries in Abington, Malvern, and Sellersville. The cash and stock deal formally “an acquisition of equity” includes TerraVida’s headquarters in Jenkintown along with state-issued permits to operate three more retail storefronts in the Keystone State.

Councilman Johnson, Philabundance and more team up for food and winter coat drive

South Philly Review Councilman Johnson, Philabundance and more team up for food and winter coat drive “We decided to do a coat and food giveaway because we know that [in] this health pandemic, there are a lot of families who are in need of support,” said Johnson. “We know families are suffering and so this is the reason we re out here supporting the people of Point Breeze today with this coat and food giveaway.” Point Breeze residents had the opportunity to get a hold of some new winter coats thanks to donations collected from TerraVida Holistic Centers. | Photo by Tom Beck.

Verano Expands In Illinois, Pennsylvania And Arizona, Opens New MÜV Store In Florida

Verano Holdings Corp. (CSE:VRNO) opted to boost its retail footprint across several states. Illinois: The Chicago-based company confirmed Friday it is poised to purchase an Illinois dispensary, operated by The Herbal Care Center Inc., for $17.5 million. In addition to a store located in Chicago’s Medical District, the company plans to launch an additional adult-use store in the city’s West Loop/Greektown neighborhood. Pennsylvania: Verano also disclosed plans to merge subsidiaries with TerraVida Holistic Centers LLC and GVB Holding Group LLC  Pennsylvania-based companies that operate three medical dispensaries in Sellersville, Abington, and Malvern. The price tag is $62.5 million and includes $15 million payable upon the closing of the deal, as well as $10 million payable within three months after the closing. The remaining sum is payable within six months following the transaction’s finalization.

Verano Holdings Announces Acquisitions in Arizona, Illinois and Pennsylvania – New Cannabis Ventures

Verano Holdings Announces Acquisitions in Arizona, Illinois and Pennsylvania – New Cannabis Ventures
newcannabisventures.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newcannabisventures.com Daily Mail and Mail on Sunday newspapers.

Food and coat giveaway in Point Breeze Feb 24 - South Philly Review

South Philly Review Councilmember Kenyatta Johnson, in partnership with Philabundance, Independence Blue Cross and Terra Vida Holistic Centers, will host a free food and winter coat giveaway on Wednesday, February 24 from 11 a.m. to 1 p.m. at the Cassie L. Holly Court Apartments, 2100 Dickinson Street in South Philadelphia (corner of Point Breeze Avenue and Dickinson Street). There will be 250 boxes of food and more than 100 winter coats, hats, and gloves given away on a first-come, first-served basis. Interested residents are asked to dress warmly as the public may have to stand outside during the event. Face masks are also required.

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