Thursday, March 28, 2024 | Baltimore, MD
FOLLOW US:

Multi-state cannabis firm to acquire Dundalk’s Charm City Medicus dispensary

July 12, 2021

A multi-state cannabis firm has acquired its second dispensary in Maryland, about four months after opening its first cannabis retail operation in Frederick. Goodness Growth Holdings Inc., parent of cannabis firm Vireo Health, announced Friday that its subsidiary has signed a definitive agreement to purchase Dundalk’s Charm City Medicus LLC. The acquirer expects consideration for the deal to total about $8 million, including $4 million in cash, $2 million in Goodness Growth stock and a $2 million promissory note issued to the seller.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.