4Front Holdings, a retail and brand name development business in the U.S. cannabis sector, has actually closed a dispensary acquisition in Arizona.
4Front has gotten PHX Interactive which handles vertically incorporated license holder Greens Goddess Products, Inc. Greens Goddess presently owns the Herb N dispensary in Phoenix. Together with the existing dispensary, the license permits the operation of a cultivation and processing center; nevertheless Greens Goddess has not established that capacity yet.
Given the anticipated regulative growth, we are excited to enter the Arizona market at an appropriate time. It should permit us to capitalize on Cannex s capabilities in Arizona, with an ability to build growing and processing space to specification, said 4Front s CEO, Josh Rosen. We view this market as likely having ample supply to support a significant production and circulation company. Herb N dispensary will continue to run under its existing trademark name, with strategies to eventually re-brand as Mission, which is 4Front s internal brand name of marijuana retailers.
AP Picture: Andrew Selsky