Weed giants Columbia Care, Cresco Labs call off plans for $2 billion merger
Weed giants Columbia Care, Cresco Labs call off plans for $2 billion merger
Cresco Labs and Columbia Care announced Monday the termination of a merger that was originally struck in 2022.
The merger would have created the nation’s largest cannabis firm...
...Cresco Labs is the largest wholesaler of branded cannabis products in the U.S. It operates dispensaries in seven states, including 10 retail locations and three cultivation labs in Illinois.
Columbia Care is one of the original multi-state providers of medical cannabis in the U.S. It operates 126 facilities, including 94 dispensaries and 32 cultivation and manufacturing facilities.
I've been a little out of touch with the news in the Illinois marker and didn't realize this was even slated to happen. Great that it didn't though, consolidation is never good for consumers.
It's trying REAL hard to go straight from talking to a guy who knows a guy, he'll take you to that guy and when you talk to that guy bring cash but make sure you don't mention the thing we're doing because there are ears everywhere to; Walmart, but they sell weed now, and nobody else is allowed to.
I would like it to stop that.