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
- Industry
- Healthcare Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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