Big Change in the Cannabis Industry

Big Change in the Cannabis Industry

Big Change in the Cannabis Industry Big change in the cannabis industry as Vireo acquires Planet 13, creating a stronger multi-state cannabis powerhouse. The post Big Change in the Cannabis Industry appeared first on The Fresh Toast.

Vireo-Planet 13 Deal: Assets, Scale, and Risk

Vireo Growth’s announcement that it will acquire Planet 13 emphasized the assets and projected scale typical of a major acquisition: a marquee Las Vegas superstore, a Florida footprint, and a path to becoming the country’s largest dispensary operator by store count. What the announcement did not emphasize is that Vireo is paying a premium for a company whose first-quarter revenue fell by roughly one-quarter as its net loss quadrupled. The gap be…

Cannabis MSO Vireo Growth to acquire Planet 13 in all-stock deal

Vireo adds 36 dispensaries across three states to its portfolio, including Planet 13's flagship Las Vegas store and a consumption lounge. Cannabis MSO Vireo Growth to acquire…