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

  1. 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
  2. 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