Cresco Labs Acquires Cultivate in Massachusetts
September 3, 2021
Cresco Labs has closed its acquisition of Cultivate, a vertically integrated Massachusetts cannabis operator with three dispensaries and approximately 42,000 square feet of active cultivation canopy. The deal increases Cresco's in-state cultivation to ~64,000 square feet and expands its retail footprint in Massachusetts as part of a strategy to deepen presence in large, attractive state markets.
- Buyers
- Cresco Labs Inc.
- Targets
- Cultivate (Cultivate Holdings LLC)
- Industry
- Retail
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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