Columbia Care, a cultivator, manufacturer, and provider of cannabis products in the United States, announced that it has entered into a definitive agreement to acquire Medicine Man Denver, a vertically integrated cannabis company that has been serving the Denver metro area since 2009.”The acquisition of Medicine Man further solidifies Columbia Care’s position as a scaled retailer, cultivator, and manufacturer in Colorado, the world’s second-largest cannabis market. Medicine Man is outperforming the broader Colorado market, with sales growth of 42% in 2020, versus 24% for the state and 64% year-to-date through May, versus 25% for the state. The acquisition will add one cultivation facility and four dispensaries, including one co-located adult-use and medical location and three adult-use facilities to Columbia Care’s national footprint.
Posted Eric Sandy, Cannabis Business Times, 06/23/2021 12:44:00