Verano Holdings Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

The Weldon Project’s Mission Green And Verano Team Up For Cannabis Clemency

Chicago-based cannabis multistate operator Verano Holdings announced on Tuesday that it has entered a partnership with The Weldon Project to advance the goals of Mission Green, the nonprofit organization’s initiative advocating for clemency for those serving time for marijuana offenses.…

The REIT Stuff: AFC Gamma CEO Leonard Tannenbaum on Institutional Lending in Cannabis

At the tail-end of our recent phone interview, I mentioned to Leonard Tannenbaum, founder, partner, and CEO of West Palm Beach, Florida-based AFC Gamma (NASDAQ: AFCG), that the term “boutique REIT” had popped into my head as he was explaining…

Verano Holdings Enters into an Agreement for a Go-Public Transaction in Conjunction with AltMed Merger

December 16, 2020
Press Release
Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE CHICAGO – December 15, 2020 – Verano Holdings, LLC (“Verano” or the “Company”), a leading multi-state cannabis operator, today announced it has entered into a definitive agreement to consummate a go-public transaction in Canada (the “Transaction”). The Transaction…

Verano Holdings Announces Agreement to Acquire and Combine Operations with AltMed in Florida and Arizona, Creating One of the Largest U.S. Private Cannabis Companies

PRESS RELEASE -Combines two profitable, fully integrated platforms operating in limited-license, high-growth markets -Deal expected to be immediately accretive upon closing CHICAGO and SARASOTA, Fla. – November 11, 2020 – Verano Holdings, LLC (“Verano”), a leading multi-state cannabis owner, operator,…

Chicago-based Grassroots Cannabis sold in $830 million deal

An $830 million deal to acquire Grassroots Cannabis closed Thursday, upending a trend of failed multimillion-dollar acquisitions of Chicago-based marijuana companies. Grassroots, which has a cultivation facility in Litchfield and is affiliated with eight dispensaries around the state, was acquired…

$850 million acquisition of Chicago marijuana company Verano Holdings called off

An $850 million deal to buy Verano Holdings has been terminated, marking the second high-dollar acquisition of a Chicago marijuana company to fall through in less than a year. Phoenix-based Harvest Health & Recreation announced it planned buy Verano Holdings just over…

A Chicago-based marijuana company is being bought for $850 million

With Illinois’ marijuana industry staring down massive growth as the state considers legalizing the drug for recreational use, a company based in Phoenix is paying $850 million for Chicago-based cannabis operator Verano Holdings. The deal will give Harvest Health &…

Harvest Health & Recreation to Acquire Verano, Creating One of the Largest U.S. Multi-State Cannabis Operators

March 11, 2019
Press Release
Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE One of the Largest U.S. cannabis consolidations in history will give Harvest the right to operate up to 200 facilities across 16 states and territories Brings together geographically complementary, market-leading MSOs focused on quality, sound operations and value…