Chicago, Illinois-based Inexperienced Thumb Industries Inc. final week closed on its acquisition of LeafLine Industries, marking the agency’s growth into Minnesota. The deal offers Inexperienced Thrumb one among two vertical licenses in Minnesota, an working cultivation facility, and 5 open retail areas.
The takeover additionally will increase Inexperienced Thumb’s nationwide presence to fifteen states with a complete of 73 operational retail areas. The deal offers Inexperienced Thumb the chance to open up three extra extra retail areas in Minnesota.
In an announcement, Inexperienced Thumb Founder and CEO Ben Kovler famous that Minnesota regulators had just lately accredited infused hashish merchandise, together with gummies and chews, for the state’s medical hashish program. State officers have additionally indicated that rulemaking for flower merchandise is at present underway.
Inexperienced Thumb mentioned there are about 29,000 registered medical hashish sufferers within the state.
“We’re excited to enter the Minnesota medical market and broaden entry to hashish merchandise for Minnesota sufferers. We sit up for caring for LeafLine’s present sufferers whereas making certain a seamless transition.” — Kovler in a press release
Inexperienced Thumb indicated that, with the acquisition, the corporate has hashish operations to serve greater than half of the U.S. inhabitants, together with California, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Virginia.
Final summer season, Inexperienced Thumb acquired Dharma Industries — one among Virginia’s 4 medical hashish processing corporations.
The phrases of neither the LeafLine nor the Dharma transactions had been disclosed.
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