CCHWF - This MSO Is Paying $42 Million to Rule Colorado
In a move aimed at tightening an already strong grip on a storied marijuana market, Columbia Care (OTC: CCHWF) recently announced a new acquisition in Colorado. Last month, the multi-state operator (MSO) finalized a deal to acquire vertically integrated peer Medicine Man Denver for upfront consideration of $42 million, most of which will be paid in Columbia Care stock.
Like many marijuana companies, Columbia Care likes to grow through acquisitions. It also likes the idea of dominating a local market. Owning Medicine Man helps to tick both boxes, but is it a smart deal for the company in the end?
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This MSO Is Paying $42 Million to Rule Colorado