Wednesday, October 8, 2025

Latest

Green Thumb Acquires Last Private Virginia Operator For Undisclosed Amount

Green Thumb Industires (CSE: GTII) has entered the Virginia cannabis market. The company this morning announced that it has entered into a definitive agreement to acquire Dharma Pharmaceuticals, the sole remaining private operator within the limited license state.

Holding just one of five licenses available in Virginia, Dharma was viewed as one of the last opportunities for current multi-state operators to obtain a position within the state. The company was the first operator in the state to provide medical products to patients, with the company currently owning an existing production facility and retail dispensary.

The company is also able to open up to five additional retail locations across the state under the current license held by Dharma.

Financial details of the transaction were not provided. However, adult-use legislation that was approved by the state back in February was expected to demand a hefty premium for licenses in the state of 7.5 million, with price tags of upwards of $50 million known to be demanded for licenses in the state as per one consultant.

The transaction is expected to close in the second half of 2021.

The announcement follows the news Friday that the company is in the process of raising US$217 million via senior secured notes.

Green Thumb Industries last traded at $39.06 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

US Cannabis: Illustrating The Performance Of The Top Four Issuers

The upcoming US election has renewed interest in CSE-listed American cannabis operators, many of which...

Monday, October 26, 2020, 12:30:00 PM

Green Thumb Expands Virginia Footprint To Four Retail Locations

Green Thumb Industries (CSE: GTII) is looking to significantly expand its presence in the state...

Monday, February 7, 2022, 07:48:53 AM

Green Thumb Posts US$194.4 Million In Revenue, US$11.5 Million Net Income For Q1 2021

Green Thumb Industries Inc. (CSE: GTII) last night reported its Q1 2021 financial results, which...

Thursday, May 13, 2021, 08:07:27 AM

Green Thumb Sees Consensus Estimate Fall To $49.89 After Q4 Earnings

Earlier this week, Green Thumb Industries (CSE: GTII) reported its fourth quarter financial results. The...

Thursday, March 3, 2022, 04:31:00 PM

Stifel Reinitiates Coverage On Eight Cannabis Operators

Earlier this week, Stifel released a new report on cannabis operations, focused predominantly on US-based...

Friday, July 24, 2020, 03:30:00 PM