Detroit-headquartered media company Crain Communications acquired Green Market Report, a female-founded digital outlet that covers financial news in the cannabis industry.
The deal will be finalized Sept. 30, according to a Crain news release. Terms were not disclosed.
New York-based Green Market Report (GMR) was launched in 2017 by Debra Borchardt, a financial journalist and former Wall Street executive, and Cynthia Salarizadeh, a public relations expert and legal cannabis industry insider.
Borchardt will stay on to oversee GMR as the executive editor.
Green Market Report will join a Crain portfolio that includes 10 offices and more than 650 employees, the release noted.