Grupo Flor Acquires San Jose Dispensary for $16 Million – New Cannabis Ventures
Grupo Flor, One of California’s Largest Vertically Integrated Cannabis Companies, Acquires San Jose’s White Fire Dispensary
SAN JOSE, Calif.–(BUSINESS WIRE)– California cannabis retail leader Grupo Flor today announced the acquisition of its newest dispensary, San Jose’s White Fire retail outlet, for $16 million. Established in 2015 by sole proprietor Darren Dkystra, the San Jose White Fire dispensary adds to Grupo Flor’s expanding portfolio, which currently includes the East of Eden branded dispensaries in Salinas and Moss Landing, and a new Flor dispensary set to open this summer in Union City. Once open, the Union City shop will be the first cannabis dispensary in the nation located in a regional supercenter boasting over 11 million visitors a year.
The White Fire acquisition expands Grupo Flor’s retail footprint into one of our state’s most important metro markets. Named for a famous California cannabis strain, White Fire is an exciting addition to the Grupo Flor family.
Grupo Flor’s CEO Gavin Kogan
The shop is one of the region’s top earners, brings zero debt and, thanks to Darren’s business acumen, bears an unusually solid track record of operational success.