Cresco Labs (CRLBF) and Columbia Care (CCHWF) are joining forces with a blockbuster deal worth roughly $2B. Under this deal, Cresco Labs will acquire Columbia Care.
The proposed all-stock merger is one of the largest in the cannabis industry to date. It would produce one of the biggest multistate marijuana operators in the nation, with 130 cannabis retail locations across 17 states and the District of Columbia. The location would strategically reach about 55% of the U.S. population.