Cresco Labs Acquisition Of Columbia Care Creates Huge Cannabis Conglomerate And Enormous Pay-Out For This CEO

On Friday, Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF ) (FSE:3LP) announced the approval  of the previously announced plan of arrangement under which Chicago-based Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF ) will acquire all of the issued and outstanding shares of Columbia Care . The deal has been called “transformational” as it will create one of the largest multistate marijuana operators in the United States,  combining wholesale, retail and operations in the nation's largest and fastest-growing cannabis markets.  The combined footprint of the two companies  will include more than 130 cannabis retail locations across 17 states and DC, reaching up to 55% of the U.S. population, the companies said in a March press release  at the time of the announcement. Cresco CEO Charlie Bachtell , a keynote speaker at September’s Benzinga Cannabis Capital Conference  in ... Full story available on Benzinga.com