M And A
Cresco Labs Pays $50M for 9 Pennsylvania Medical Marijuana Stores
The acquisition makes Cresco the top medical marijuana retailer and wholesaler in Pennsylvania, the second-largest U.S. medical cannabis market.
Cresco Labs has acquired nine medical marijuana dispensaries in Pennsylvania for $50 million, positioning the multistate operator as the state's leading MMJ retailer and wholesaler.
Cresco Labs has completed a $50 million acquisition of nine medical marijuana stores in Pennsylvania, a move that cements its position as the state's top MMJ retailer and wholesaler, according to MJBizDaily.
The deal deepens Cresco's footprint in Pennsylvania, which is the second-largest medical cannabis market in the United States.
With the acquisition, Cresco now holds the No. 1 ranking among medical marijuana retailers and wholesalers in the state, strengthening its competitive position in a key East Coast market.