Cresco's $2B planned merger with Columbia Care called off

  • 📰 ChicagoBreaking
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Cresco and Columbia Care call off $2 billion cannabis megamerger; Sean ‘Diddy’ Combs deal also scratched

Cresco Labs' flagship Sunnyside recreational marijuana store, a block south of Wrigley Field, is pictured during its grand opening Monday, Nov. 15, 2021.

Meanwhile, the cannabis credit market has gotten significantly tighter in the wake of rising interest rates and regional bank collapses. New York-based Columbia Care, which started as a medical-only operator 11 years ago, has grown into one of the largest multistate cannabis companies in the U.S. with 94 dispensaries and 32 cultivation facilities in 16 markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 521. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cresco Labs, Columbia Care scrap merger announced in March, 2022Cresco Labs stock was down 1.6% in premarket trading Monday after the cannabis company said it mutually agreed to terminate its merger agreement with...
Source: MarketWatch - 🏆 3. / 97 Read more »

Cannabis firms Cresco, Columbia Care to terminate $2 bln mergerCannabis producers Cresco Labs and Columbia Care Inc have mutually terminated their $2 billion merger announced in March last year, the companies said on Monday.
Source: Reuters - 🏆 2. / 97 Read more »