Cresco Labs Acquires Bluma Wellness

Cresco Labs will enter the Florida market with the acquisition of Bluma Wellness (and its subsidiary One Plant Florida) for an equity value of $213 million, expected to be finalized by the second quarter of this year.

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Cannabis M&A in the Post-COVID Era

Prospects for the New Year are expected to continue the explosive year-end trend with a backlog of nearly $2 billion in deals heading into 2021. Growth is expected to be led by multi-state operators who have achieved scale, cleaned up their balance sheets and stockpiled dry powder for roll-up acquisitions.

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