Cannabis Mega-Merger: Cresco Is Buying Columbia Care

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https://www.barrons.com/articles/cannabis-merger-cresco-buying-columbia-care-51648035005


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Cresco Labs reached an agreement to acquire Columbia Care, a fellow Canadian marijuana company, for $2 billion.

The merger is expected to create one of the largest U.S. multistate cannabis operators based on pro forma revenue, with more than 130 retail stores across 18 markets, the companies said on Wednesday.

“The combination is highly…