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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