Verano currently has licenses in Arizona, California, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Oklahoma and Puerto Rico. “Verano has had the luxury of being courted by numerous cannabis companies. Unique Market PresencePredictably, this acquisition is the beginning of further large U.S. cannabis company mergers and acquisitions. Both companies have a plethora of experience in operations, logistics and branding, which will have over-hyped cannabis companies struggling to keep up. Verano has approximately US $3.2 million in long term debt which will remain in place following completion of the transaction.

Source: Forbes March 12, 2019 19:33 UTC