Reuters reported exclusively that U.S. cannabis producer Cresco Labs Inc is in advanced talks to buy rival Columbia Care Inc for around $2 billion. If a deal is completed it would be one of the largest in the U.S. cannabis industry. Cannabis sales in the United States have been booming and are forecast to reach $46 billion by 2026, as states like New York and New Jersey open up.
Deals
Reuters reveals Cannabis producer Cresco nears $2 bln purchase of Columbia Care
22 March 2022, 9:38 pm 1 minute
Article Tags
Topics of Interest: Deals
Sectors: Business & FinanceRetail & Consumer Goods
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
