MSO Columbia Care said it would acquire venerable Colorado operator Medicine Man Denver for $42M in cash and stock.
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- The deal will enlarge New York-based Columbia Care's position in the country's second largest market. Last year the company completed its acquisition of Colorado-based retailer The Green Solution.
- Columbia Care said the deal would be "immediately accretive." For Q1, the acquisitive company posted revenue of $86M and a net loss of $15.3M.
- The announcement comes soon after Columbia Care rival Curaleaf acquired Colorado outdoor grower Los Suenos.
- Medicine Man's consulting arm, Medicine Man Technologies previously ended its relationship with Medicine Man and rebranded as Colorado operator Schwazze.
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Quick Hits
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