Cannabis company acquires CT dispensaries as state launches recreational pot program – CT Insider
A Chicago-based cannabis company with operations across the country has closed one deal and signed two more to acquire two cannabis dispensaries and a cultivation facility in Connecticut, according to an announcement on Wednesday.
Verano Holdings Corp., which has active operations in 12 states, closed its agreement with Willow Brook Wellness LLC on Oct. 25. It signed agreements Wednesday to acquire Caring Nature LLC and Connecticut Pharmaceutical Solutions Inc.
Verano operates under brands such as Zen Leaf and MUV. It has already has East Coast operations in Pennsylvania, New Jersey, Maryland and Massachusetts.
Willow Brook Wellness has a dispensary in Meriden, and Caring Nature has a dispensary in Waterbury. Connecticut Pharmaceutical Solutions’ cultivation and production facility is in Rocky Hill.
The move signals the Chicago-based company’s interest in entering the Connecticut market ahead of the launch of the state’s recreational program, after sales were legalized earlier this year.
Through the program, medical providers will be able to apply for a hybrid license that allows them to sell both recreational and medical products.