Chicago-based, multistate marijuana operator Verano Holdings announced it is moving into another state through the acquisition of a Massachusetts marijuana business.
Verano said in a news release it has acquired 100% of Four Daughters Compassionate Care of Sharon, subject to review by Massachusetts regulators. Verano would not disclose the exact purchase price but said the transaction is valued north of $30 million.
The acquisition includes:
Verano has stakes in 10 operating facilities in Florida, Illinois, Maryland and Nevada, plus more than 45 licenses under development in Florida, Maryland, Michigan, Ohio and Puerto Rico.