Roop Investments Announces Acquisition of The Green Halo in Arizona

Dan Kingston September 6, 2021 AZ Cannabis News

Roop Investments, LLC acquires Arizona’s most awarded dual license dispensary in a landmark $30 million all cash deal. The acquisition awards Roop Investments with The Green Halo’s retail operations and its related dispensary, cultivation, and manufacturing licenses.

Roop Investments, founded in 2020, is a private company owned and operated by George Roop, a Tucson, Arizona native.

“We’ve spent years developing the Tucson Cannabis Campus operation, and this acquisition positions us to lead the market going forward,” said Roop.

Tucson Cannabis Campus currently operates a state-of-the-art 40,000 sq ft indoor cultivation facility and building out the first of its multi-acre outdoor grows. Also at the planning stage are four additional 50,000 sq ft buildings that will allow the company to scale its production.

“We have the infrastructure and the team to meet our goals of being a premier supplier of high-quality cannabis and derivative products. Complete supply chain integration coupled with our cultivation capacity will enable us to deliver the highest quality products for the best prices in Arizona,” Roop remarked.

From The Green Halo’s perspective, the opportunity presented by the acquisition goes beyond the sale itself.

“We spent the better part of a year preparing for this sale, over the course of the last 6 months we’ve met with suitors both big and small, from individual dispensaries to multi-state operations,” commented Murray Stein, Executive Director of The Green Halo. “At the end of the day, our strong shared commitment to our home city of Tucson, the community, and our common goals of changing people’s lives helped make the decision for us. We are also excited about the opportunity this provides our team members in terms of professional growth and experience.”

Both parties are thrilled to continue serving the Tucson community and providing employment opportunities to residents.