New York’s Columbia Care operator shelled out $12M in cash and $57M in stock to purchase Los Angeles-based Project Cannabis.
Green Market Report
- Triple Seven and Classic are Project Cannabis brands. The company also operates a 32,000-foot cultivation facility and three REC dispensaries in LA along with a San Francisco REC dispensary that houses one of The City’s few permitted consumption lounges.
- The deal allows Columbia Care, owner of a new manufacturing and packaging site in San Diego, to significantly increase its scale throughout California.
Quick Hits
- In this season of break-ins and natural crop threats, playing well with insurance brokers is as important a tricky task as any on the cannabusiness landscape. So, what do these squares find the hardest part of working with you and your ilk?
Insurance Journal - Field Trip Psychedelics, Inc. legally provides ketamine therapy in their Toronto, New York and Los Angeles offices. For folks outside of those urban centers, the company is soft-launching The Trip App.
Green Entrepreneur
