Verano’s latest acquisition + the upside of cannabis SPACs
Verano Holdings Corp. (CSE: VRNO; OTCQX: VRNOF) announced the acquisition of WSCC, which operates as Sierra Well, a Nevada-based vertically integrated operator.
Nevada Medical Cannabis News
Verano Holdings Corp. (CSE: VRNO; OTCQX: VRNOF) announced the acquisition of WSCC, which operates as Sierra Well, a Nevada-based vertically integrated operator.
Despite being a top cannabis market in the United States, Michigan largely has been ignored by multistate operators because of the low barriers to entry for new licensees.
As coronavirus-related lockdowns have lifted across the country, many cannabis companies are bullish that the market will continue its steady growth.
Illinois-based marijuana company Verano Holdings announced it will acquire Sierra Well, a Nevada vertically integrated cannabis company with two dispensaries and production and cultivation facilities, for $29 million.
Cannabis cultivators are using cutting-edge technology to increase efficiencies, cut down on labor costs and simply make their operations more efficient.
Multistate marijuana company Ayr Wellness is continuing its acquisitions of cannabis companies with an announcement it will be purchasing Illinois-based Herbal Remedies Dispensaries for approximately $30 million.