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Columbia Care Signs Definitive Agreement to Acquire Green Leaf Medical


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Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) has signed a definitive agreement to acquire Green Leaf Medical, LLC (“Green Leaf”), a privately held, fully-integrated cannabis multi-state operator (MSO) based in the mid-Atlantic region, for approximately $240 million with the potential for additional performance-based milestone payments.
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, limited license markets by materially enhancing the scale and capabilities of its seed-to-sale operations. Subject to the regulatory approval process, Columbia Care will be one of the largest and most efficient operators in Pennsylv ....

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Columbia Care to Acquire Private Cannabis Operator Green Leaf Medical for $240 Million – New Cannabis Ventures


December 22, 2020 at 6:58 am
Published by NCV Newswire
Columbia Care Signs Definitive Agreement to Acquire Green Leaf Medical
Positions Company as One of the Leading Cultivators, Processors, Wholesaling Suppliers and Retailers in Pennsylvania, Maryland, Virginia, and Ohio
Company management will conduct a conference call this morning at 8 AM EST to discuss the transaction and answer questions from stakeholders.
Substantially Expands Footprint and Operating Scale in East Coast and Mid-Atlantic
Adds Approximately 400,000 ft² of Cultivation and Production Capacity, Four Operating Dispensaries and Six Undeveloped, but Permitted Dispensaries, in Key Limited License Markets
Brings Vertical Integration in PA and MD and Immediately Positions Columbia Care as a Leading Wholesaler ....

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