Columbia Care to Acquire The Green Solution, Colorado’s Largest Cannabis Operator

Columbia Care, one of the largest fully integrated operators in the global cannabis industry with licenses across the U.S. and Europe, is set to acquire The Green Solution, the largest vertically integrated cannabis operator in Colorado. The transaction is valued at approximately $140 million.

The acquisition increases Columbia Care’s U.S. footprint to 93 facilities, including 74 dispensaries and 19 cultivation and manufacturing locations. The Green Solution currently operates 21 revenue-generating dispensaries with two additional stores under development that are expected to open at the end of 2019.

The Green Solutions’ cultivation footprint encompasses three indoor grows totaling more than 250,000 sq ft, including a five-level, high-tech vertical grow, as well as 16,000 sq. ft. of greenhouse capacity located on its 140-acre outdoor cultivation complex. Combined, these sites are expected to yield more than 48,000 pounds of the lowest cost, highest quality indoor, outdoor and greenhouse flower in 2019 and nearly 150,000 pounds by 2023.

To learn more, visit www.col-care.com and www.mygreensolution.com.