Cresco Labs Completes $90M Purchase Of Cultivate, Maximizing Massachusetts Footprint

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) confirmed Friday the closing of its previously announced acquisition of Cultivate for $90 million.

Transaction Highlights

  • Approximately 42,000 square feet of active flowering canopy, bringing combined canopy in-state to approximately 64,000 square feet. The transaction also includes space available to further expand cultivation capacity.
  • Three operational located in Leicester, Framingham and Worcester, bringing combined retail storefronts in-state to four. Concurrent with closing, the company’s Fall River retail location has transitioned to medical only.
  • Greater operating platform to pursue market share growth in the largest …

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