Verano Is Buying 2 Arizona Marijuana Dispensaries

Verano Holdings Corp., a leading multi-state cannabis company, just announced that it has entered into agreements to acquire all of the ownership interests of three subsidiaries of The Cannabist Company Holdings Inc. Two of the subsidiaries, 203 Organix, L.L.C. and Salubrious Wellness Center, Inc. operate in Arizona, and the third subsidiary, Columbia Care Eastern Virginia LLC, operates in Virginia. Total consideration for the Arizona operations is $15 million.

The Arizona operations include one cultivation facility, one production facility, Cannabist dispensary in Tempe, and SWC dispensary in Prescott.

Verano’s total Arizona cultivation footprint will expand to 90,000 square feet across three facilities.

Verano will operate eight dispensaries in Arizona after adding one in Tempe and one in Prescott. Verano’s other Arizona dispensaries operate as Zen Leaf and MÜV.

Once closed, the acquisitions will bring Verano’s geographic footprint to 14 states, 15 cultivation and production facilities, and 150 dispensaries.