Chicago cannabis operator to enter Florida through $120M acquisition

Cresco Labs Inc., one of the largest seed-to-sale cannabis operators in the country, will enter the Sunshine State through an agreement to buy the ownership interests or assets of Jacksonville-based cannabis provider VidaCann Ltd., according to the Associated Press. The purchase consideration is roughly $120 million and will be comprised of a mix of cash and Cresco Labs shares, which will be subject to a six- to 12-month lock-up agreement following closing. The transaction is anticipated to close…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news