Columbia Care Completes Acquisition of CannAscend

July 1, 2021

Columbia Care Inc. completed its acquisition of Ohio-based CannAscend, the owner and operator of four dispensaries in Dayton, Logan, Marietta and Monroe, effective July 1. The transaction (originally structured as a purchase option agreement in 2018) will be settled with $14.2 million paid from escrow and will consolidate CannAscend into Columbia Care's Ohio operations, strengthening the company's vertically integrated footprint in the state.

Buyers
Columbia Care Inc.
Targets
CannAscend
Location
Ohio, United States
Transaction Type
Buyout

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