Green Thumb Industries buys Nevada cannabis business in $290 million deal 14 Nov, 2018
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Green Thumb Industries buys Nevada cannabis business in $290 million deal
Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million.
The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation.
The acquisition includes:
- Three retail stores in the Las Vegas Valley that operate under the name Essence Cannabis Dispensary, including one on the Las Vegas Strip.
- Desert Grown Farms, a 54,000-square-foot cultivation and processing facility.
- Cannabiotix NV, a 41,000-square-foot cultivation and processing facility.