Cresco Labs To Acquire A Top Performing Maryland Dispensary, Blair Wellness Center
08/17/21, 11:31 AM
Location
chicagoIndustry
alternative medicine
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the execution of a definitive agreement to acquire 100% of the outstanding equity interests in Blair Wellness, LLC (“Blair Wellness”), a Baltimore, Maryland medical cannabis dispensary (the “Transaction”). The Transaction is expected to close in Q4 of 2021.
Company Info
Location
400 w erie st suite 110
Chicago, Illinois, United States
Company info
Cresco Labs is one of the largest vertically integrated, multi-state operators in the U.S., with a mission to normalize & professionalize the cannabis industry. Employing a CPG approach to scaling its business, Cresco Labs is the largest wholesaler of branded cannabis products in the country. Its wholesale portfolio features some of the most recognized & trusted brands--FloraCal Farms, Cresco, High Supply, Mindy's, Good News, Remedi, and Wonder Wellness--developed to meet diverse patient and consumer health & wellness needs. Sunnyside, the company's national dispensary brand, is a wellness-focused retailer created to build trust, education, and convenience among existing & new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco Labs operates the industry’s largest social equity initiative, SEED (Social Equity & Educational Development), which was established in 2019 to ensure that all members of society have the skills, knowledge, and opportunity to work and own businesses in cannabis. Learn more about Cresco Labs at www.crescolabs.com.