Fresh off its acquisition of Colorado-based The Green Solution, New York-based Columbia Care said it would acquire vertically integrated California player Project Cannabis for $69M in a cash and stock deal.
Benzinga
- Project Cannabis’ brands include Triple Seven and Classix. The company also runs retail and delivery operations in southern California.
Separately, a New York state judge ????refused to dismiss a lawsuit against Columbia Care accusing it of stealing trade secrets in a dispute over a Florida MED license. Read more about the case here.
Law360, WeedWeek
Quick Hits
- The founding of MSO Green Thumb Industries is the subject of a lawsuit.
Monterey County Weekly - Business Insider learned many of Wall Street’s biggest banks ????no longer test applicants for cannabis.
- New Cannabis Ventures says the industry’s rising tide won’t lift all boats.
