Phoenix Dispensary Sold to a Multi-State Marijuana Organisation
March 26, 2019 by erfa5t8
Vireo Health International, Inc., a leading science-focused, multi-state marijuana business, has revealed the acquisition of 4 entities which together handle the vertically-integrated Phoenix dispensary, Arizona Natural Remedies. The acquisition includes a growing and processing center in Amado, Arizona, a wholesale company that disperses cannabis items to third-party dispensaries throughout the state, and the ANR dispensary in Phoenix.
” With today’s acquisition, Vireo broadens its company into the Grand Canyon State’s rapidly growing medical cannabis market,” stated CEO, Kyle Kingsley, M.D. “ANR is an acknowledged leader in natural, organic, and pesticide-free cultivation and has actually done a significant task of structure consumer trust and commitment at their Phoenix dispensary. We look forward to welcoming ANR employee into the Vireo family and integrating their core proficiencies with our medical, scientific, and producing proficiency.”
This deal, which was previously disclosed, was financed through a combination of money and stock and represents Vireo’s very first acquisition given that it began trading on the Canadian Securities Exchange under the ticker symbol “VREO.”
The Company now has more than 300 staff members throughout operations in seven states consisting of Arizona, Maryland, Minnesota, New York, Ohio, Pennsylvania, and Rhode Island.
AP Image Seth Perlman
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