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Green Thumb Industries grows west, closes Essence cannabis deal 5 Jun, 2019

Green Thumb Industries grows west, closes Essence cannabis deal

The sale of one of Las Vegas’ largest marijuana dispensary and cultivation operations has been finalized.

Chicago-based Green Thumb Industries announced this morning that it has closed on the purchase of Integral Associates, which owns and operates three area Essence Cannabis Dispensary locations, and the Desert Grown Farms and Cannabiotix Nevada cultivation and processing facilities.

The transaction is for $290 million, with $52 million in cash and 20.8 million shares of Green Thumb stock, officials said.

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