Colorado’s multi-state cannabis operator Schwazze is Deepening its presence in New Mexico With the planned acquisition of some of the assets of Sucellus.
The acquisition of the non-profit Everest Apothecary is valued at approximately $38 million, according to a press release.
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The deal includes 14 dispensaries, agricultural facilities, and factories.
Schwazze will pay a combination of cash, a four-year seller’s note, and common stock for the company.
The transaction, subject to government regulatory approval, is expected to close in the second quarter of 2023.
Once the deal closes, Schwazze will have 32 dispensaries in New Mexico.
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Schwazze is growing rapidly through merger and acquisition activity.
Last week, for example, the company announced plans to obtaining certain assets From a medical marijuana dispensary in Colorado standing akimbo.
Read the full article at Marijuana Business Daily
Colorado’s multi-state cannabis operator Schwazze is Deepening its presence in New Mexico With the planned acquisition of some of the assets of Sucellus.
The acquisition of the non-profit Everest Apothecary is valued at approximately $38 million, according to a press release.
advertisement
The deal includes 14 dispensaries, agricultural facilities, and factories.
Schwazze will pay a combination of cash, a four-year seller’s note, and common stock for the company.
The transaction, subject to government regulatory approval, is expected to close in the second quarter of 2023.
Once the deal closes, Schwazze will have 32 dispensaries in New Mexico.
advertisement
Schwazze is growing rapidly through merger and acquisition activity.
Last week, for example, the company announced plans to obtaining certain assets From a medical marijuana dispensary in Colorado standing akimbo.
Read the full article at Marijuana Business Daily
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