MedMen Acquires PharmaCann
MedMen Enterprises Inc. announced it has acquired PharmaCann, one of the largest medical cannabis providers in the United States, for $682 million, making it the largest acquisition in history of the budding cannabis industry.
Combined, the companies have cannabis licenses in 12 states and operate 79 cannabis facilities. MedMen, which had licenses in California, Nevada, New York, Illinois, Arizona and Florida, gains licenses in Massachusetts, Maryland, Michigan, Virginia, Ohio and Pennsylvania.
After acquiring PharmaCann, MedMen will have 66 retail stores and 13 cultivation and production facilities.
