Columbia Care

Marijuana MSOs report stellar financials; megamergers could heat up

U.S. marijuana multistate operators reported banner revenue growth in the first three months of this year, boosted by good execution and strong consumer demand in established and newer markets. Many reported double-digit revenue growth in the first quarter of 2021 versus the fourth quarter of 2020 and, in several cases, staggering year-over-year growth. Gross profit […]

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Columbia Care acquires New York cannabis cultivation site for $42.5M

Multistate cannabis operator Columbia Care is spending $42.5 million in cash and stock to acquire a 34-acre cultivation site in its home state of New York. The new location on eastern Long Island includes 740,000 square feet of operational greenhouse space that will be acquired in the second phase of the transaction later this year […]

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Cannabis M&A activity intensifies as investor sentiment brightens since November election

Cannabis mergers and acquisitions are heating up, with more than $600 million worth of deals announced on Tuesday alone – and that’s on top of additional transactions unveiled since the U.S. presidential election last month. New York-based multistate marijuana operator Columbia Care on Tuesday announced a definitive agreement to acquire privately held Green Leaf Medical […]

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Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. (The graphic above has been corrected to reflect that Acreage Holdings has a cultivation/processing operation in Pennsylvania but no retail locations and that Harvest Health & Recreation has […]

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Virginia’s limited medical marijuana program launches

Virginia’s first medical cannabis dispensary opened Saturday morning in a limited market projected to reach only around $10 million in sales in 2021. Virginia became the 33rd state to launch an MMJ program, an hour before Missouri started sales. Virginia-based Dharma Pharmaceuticals opened its dispensary in Bristol by appointment only, according to a company news […]

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West Virginia awards licenses to 10 medical marijuana growers

West Virginia regulators awarded 10 medical cannabis cultivation permits as one of the country’s slowest MMJ programs to launch took a major step toward a possible market start in spring 2021. The cultivation license award winners included at least three multistate operators – New York-based Columbia Care, Illinois-headquartered Verano Holdings and Massachusetts-based Holistic Industries – […]

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Cannabis MSO Columbia Care to buy California firm in $69 million deal

Multistate operator Columbia Care agreed to acquire Los Angeles-based marijuana grower and retailer Project Cannabis in a deal valued at $69 million. “The acquisition of Project Cannabis enables Columbia Care to materially increase its scale throughout California and position its wholesale and manufacturing operations as one of the leading suppliers in the state,” the New […]

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How Columbia Care’s Nicholas Vita built his marijuana business

The marijuana industry is unlike any other, and it’s home to executives who have overcome federal prohibition, social stigma, draconian regulations and more obstacles to build successful companies. To provide our audience with tips and tools to build their own companies, Marijuana Business Daily has launched an occasional video series in which leading cannabis industry […]

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