PharmaCann Inc., one of the nation’s largest privately held, vertically integrated cannabis companies, is buying all four locations of The Clinic, a group of boutique Colorado marijuana dispensaries. The amount paid was not disclosed. The planned acquisition will likely rebrand all locations to the popular LivWell brand. Upon completion of the acquisition, LivWell, the state’s leading cannabis brand, will enjoy the largest presence in Colorado, with 26 dispensaries in the Centennial State. The Clinic’s dispensary locations are within the Denver metro area and offer award-winning cannabis products and accessories to both recreational customers and medical patients.
“PharmaCann’s acquisition of The Clinic’s dispensaries expands our presence in Colorado, bolstering the LivWell brand’s prominence as a locally renowned cannabis brand in the state with strong ties to local communities,” said Brett Novey, CEO of PharmaCann. “We look forward to continuing to bring our world-class cannabis products to the patients and customers of Colorado’s largest dispensary footprint.”
Upon completion of the planned acquisition, PharmaCann’s operations will include 26 LivWell dispensaries in Colorado. PharmaCann currently operates 55 dispensaries and nine cultivation and production facilities across eight states.
“When we started LivWell 13 years ago this October, we never imagined becoming part of one of the largest and most admired cannabis companies in Colorado, let alone the nation,” said Chris Mapson, PharmaCann’s Vice President of Marketing. “Joining the PharmaCann family and continuing to grow the LivWell brand through acquisitions solidifies LivWell as the largest brand in Colorado and one of the most recognizable and respected brands in the U.S.”
The closing of the transaction is subject to state and local regulatory approvals.
Disclaimer: https://www.greenmarketreport.com/pharmacann-buys-the-clinic-for-undisclosed-amount/
Posted by: Times Of Hemp, TOH, #TOH, #TimesOfHemp, https://www.timesofhemp.com
