Cannabis Co. Green Thumb Industries Reaches Virginia Via Purchase Of Dharma Pharmaceuticals

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) announced Monday it will reach the Virginia market via its acquisition of Dharma Pharmaceuticals LLC.

What Happened

GTI, the cannabis consumer packaged goods company, confirmed it had signed a definitive agreement to buy Dharma Pharmaceuticals, though the price has not been disclosed.

Dharma Pharmaceuticals owns one of five licenses under the Virginia market, which enables it to cultivate, process and retail directly to consumers. It was the first operator to offer medical cannabis products to patients in Virginia in 2020.

Under the purchase agreement, Green Thumb will also acquire a production facility and retail dispensary in Abingdon.

Furthermore, Chicago-headquartered GTI will still be able to open up …

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