Illinois-based marijuana MSOs teaming up on two stores, report says

[ad_1]


NEWS BRIEF










Competing multistate marijuana companies Green Thumb Industries and Verano Holdings have quietly joined forces to operate two dispensaries in their home state of Illinois.

Government records show subsidiaries of both companies are the registered managers of a shell company that manages NH Medicinal Dispensaries, which holds retail licenses for Rise in Effingham and Zen Leaf in Charleston, the Chicago Sun-Times reported.

Green Thumb spokeswoman Linda Marsicano told the newspaper that the two recreational and medical marijuana stores count toward each company’s 10-store cap in Illinois.

The newspaper said neither company would explain why the partnership was beneficial.

News of the partnership comes after Chicago-based Green Thumb this week announced a deal to sell $100 million worth of shares to an institutional investor.

Green Thumb shares trade on the U.S. over-the-counter markets as GTBIF and on the Canadian Securities Exchange as GTII.

Verano, also based in Chicago, raised $100 million in January in connection with a plan to go public on the Canadian Securities Exchange.



[ad_2]

Source link

Medical Disclaimer:

The information provided in these blog posts is intended for general informational and educational purposes only. It is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified healthcare provider with any questions you may have regarding a medical condition. The use of any information provided in these blog posts is solely at your own risk. The authors and the website do not recommend or endorse any specific products, treatments, or procedures mentioned. Reliance on any information in these blog posts is solely at your own discretion.

0 Shares:
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like