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Verano Holdings Continues to Solidify Ascendant Footprint Through Several Agreements in ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Verano Holdings Continues to Solidify Ascendant Footprint Through Several Agreements in .
Verano Holdings Corp.February 26, 2021 GMT
Pending deals in key markets will add nine dispensaries to the Company’s portfolio upon close
CHICAGO, Feb. 26, 2021 (GLOBE NEWSWIRE) Verano Holdings Corp. (CSE: VRNO) (“Verano” or “the Company”), a leading multi-state cannabis company, today announced it has entered into agreements to acquire: one of Illinois’ top-producing dispensaries with the ability to open one additional dispensary in Chicago, three highly productive active dispensaries and a permit for three additional dispensaries in Pennsylvania, as well as one coveted active dispensary in Phoenix, Arizona. Upon completion, the acquisitions would further bolster Verano’s footprint in three key states, as the Company continues to execute on its focused strategy to est ....

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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. ....

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