![]() ![]() The Green Solution claims revenues north of $73 million over the 12-month period that ended Sept. “We have a great deal of faith in them and they have a great deal of faith in us.” “Columbia Care has been waiting, just like TGS, for the right moment, the right partner, the right opportunity - and I think we’ve found that,” Columbia Care’s CEO Nicholas Vita told The Denver Post Tuesday night. The company, which is based in Toronto and listed on Canada’s NEO stock exchange but keeps its corporate offices in New York and Massachusetts, also holds cannabis industry licenses in Europe, according to Tuesday’s release. empire grows to 74 dispensaries either open or under development in 13 states, Washington, D.C., and Puerto Rico, and 19 cultivation and manufacturing facilities. RELATED: Colorado’s marijuana industry opened to outside investorsīy buying the company, Columbia Care’s U.S. “And we strategically worked on it to allow a transition like this to take place.” “We believe this will be an increased opportunity for all cannabis business in the state of Colorado,” Eric Speidell said. 1, just days before The Green Solution announced its acquisition. Previous restrictions on ownership were lifted Nov. Jared Polis signed a bill allowing for publicly traded marijuana companies in the state. ![]() Earlier this year, the General Assembly approved and Gov. The Green Solution co-president Eric Speidell, who co-founded and runs the company alongside his brother Kyle Speidell, spent two years lobbying Colorado lawmakers to loosen restrictions on ownership and capital in the marijuana industry. It also operates one of the country’s largest marijuana products manufacturing facilities, and a network of indoor and outdoor growing facilities expected to produce more than 48,000 pounds of marijuana by the end of this year, the release said. The Green Solution, founded before recreational legalization in 2010, runs 21 dispensaries in Colorado with two more under construction and expected to open later this year, according to a news release. Digital Replica Edition Home Page Close MenuĬolumbia Care, a company involved in the cannabis industry on two continents, on Tuesday bought The Green Solution, Colorado’s biggest marijuana chain, for approximately $140 million. ![]()
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