Cresco Labs Strengthens Position in Robust Ohio Market with Transaction to Acquire Four Additional Operating Dispensaries

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multi-state cannabis operators in the United States, announced Tuesday that it has entered into agreements with Verdant Creations, LLC and its affiliates (collectively “Verdant”) that will give Cresco the option to purchase four additional Ohio dispensaries (the “Dispensaries”) currently operated by Verdant (the “Transaction”). Completion of the Transaction is subject to approval by the Ohio Board of Pharmacy and, upon closing, Cresco will have a total of five dispensaries in Ohio – the maximum allowed by the State. Verdant currently operates dispensaries in Cincinnati, Chillicothe, Marion, Newark, and Columbus, Ohio. The Columbus location is not part of the Transaction.

Read the full article: Cresco Labs Strengthens Position in Robust Ohio Market with Transaction to Acquire Four Additional Operating Dispensaries //

Source: https://www.businesswire.com/news/home/20200526005249/en/Cresco-Labs-Strengthens-Position-Robust-Ohio-Market

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