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Saxton plant to add 400 jobs

Saxton Borough Council on Monday evening learned details of gLeaf Medical Cannibisâ expansion plans into the coming year. The $40 million expansion project is expected to be completed near the end of 2021 more than triple the size of its workforce from the current 125 employees to 525 employees.
Making and participating in a power point presentation was gLeaf Medical CEO Phil Goldberg, vice president of sales Steve Burton and project manager Alan Mountain. Goldberg said the purpose of the visit was to answer questions and update council on the companyâs status and to inform them where and how the company will be expanding in the future. ....

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Virginia lawmakers agree on recreational marijuana legalization

Virginia lawmakers gave final approval to legislation legalizing a commercial recreational marijuana program. ....

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Columbia Care acquires regional medical marijuana company

Delaware Business Now
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Columbia Care Inc. signed a definitive agreement to acquire Maryland-based Green Leaf Medical, LLC, a privately held, cannabis multi-state operator in the mid-Atlantic region, for approximately $240 million.
The deal includes the potential for additional performance-based milestone payments.
Columbia has medical marijuana locations in Smyrna, Rehoboth Beach and north Wilmington.
Following the close of two acquisitions that established Columbia Care as a market leader in the two largest cannabis markets in the world, California and Colorado, the acquisition of Green Leaf expands Columbia Care’s operational scale and footprint in four key markets.
Columbia Care will be one of the largest and most efficient operators in Pennsylvania, Maryland, Ohio and Virginia. ....

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Two medical cannabis companies serving Virginia to merge

Two medical cannabis companies serving Virginia to merge
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RICHMOND, Va. – Two medical cannabis companies serving Virginia have agreed to merge.
New York-based Columbia Care Inc. plans to acquire Maryland-based Green Leaf Medical LLC for $240 million, the companies announced Tuesday.
“No organization in the industry will be better positioned to serve patients and customers in the mid-Atlantic than Columbia Care,” Columbia Care CEO Nicholas Vita in a news release.
Green Leaf secured approval in 2018 from the Virginia Board of Pharmacy to be the lone medical cannabis licensee for an area that includes the Richmond region and parts of Southside Virginia, the Richmond Times-Dispatch reported. It also has operations in Maryland, Ohio and Pennsylvania. ....

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Columbia Care to acquire Green Leaf Medical for near $240M

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