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

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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.

 

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