World's biggest cannabis deal, MedMen's merger with PharmaCann

Discussion in 'Wall St. News' started by dealmaker, Oct 16, 2018.

  1. dealmaker

    dealmaker

    World's biggest cannabis deal, MedMen's merger with PharmaCann
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    In a blockbuster cannabis deal orchestrated by a Philadelphia law firm, high-flying marijuana retailer MedMen is acquiring grower-and-dispensary operator PharmaCann in an all-stock transaction valued at $682 million. L.A.-based MedMen, often called "the Apple Store of Weed," is a dominant brand in California, New York, and Nevada. It operates 14 high-end dispensaries in those three states. Chicago-based PharmaCann, operates growing facilities and dispensaries in Illinois, New York, Maryland, Massachusetts, Michigan, and Ohio.

    (Philadelphia Inquirer)