Verano Holdings (CSE: VRNO) has reached its operating capacity in the state of Ohio. The firm this morning announced the closing of its acquisition of Mad River Remedies, LLC, whom operates a single dispensary in the state.
The closing of the transaction, which was originally announced in April, brings the firms total number of operating dispensaries in the state to five, which is the maximum allowed in the state. The latest location is reportedly located in Dayton, near to Wright State University and the University of Dayton campus communities. The city as a whole has a metropolitan population of 800,000.
Financial details related to Mad River were not provided, with the firm simply stating that the dispensary is “highly productive.” Financial details of the transaction were also not released by the company, with the firm providing no sense of how much the dispensary was acquired for.
Verano Holdings last traded at $19.93 on the CSE.
Information for this briefing was found via Sedar, and Verano Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.