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Chicago pot firm gets Vegas site with $290 million deal 13 Nov, 2018

Chicago pot firm gets Vegas site with $290 million deal

(Bloomberg)—Green Thumb Industries, one of the most valuable U.S. pot companies, is betting big on Las Vegas.

The Chicago-based company, which has more than a dozen weed dispensaries in eight states, said it is acquiring Nevada marijuana stores and cultivation facilities in a deal valued at about $290 million. The acquisition of Integral Associates, about 80 percent of which is being paid in stock, gives Green Thumb a dispensary on the Las Vegas strip, a high-profile location visited by millions of tourists each year.

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