Verano completes acquisition of Arizona and Virginia Subsidiaries of The Cannabist Company, Becomes Exclusive Cannabis Operator for HSA 5 in Eastern Virginia and Strengthens Arizona Footprint
Acquiring Company
Verano
Acquired Company
The Cannabist Company Holdings
ChicagoNew YorkManufacturingInformation TechnologyAgriculture and FarmingCannabisOtherManufacturingHealthcareAgriculture and FarmingCannabisDescription
Verano Holdings Corp. has successfully closed the acquisition of the Arizona and Virginia subsidiaries of The Cannabist Company, positioning itself as the exclusive cannabis operator for HSA 5 in Eastern Virginia. This strategic move expands Verano's presence to 14 states, with 15 cultivation and production facilities, and 150 dispensaries nationwide, reinforcing its position in the competitive cannabis market.
Quick answer
Verano is acquiring The Cannabist Company Holdings, announced August 22, 2024. Verano is based in Chicago, Illinois, United States.
- How much did Verano pay for The Cannabist Company Holdings?
- The deal value was not disclosed.
- What does Verano do?
- Verano is a Chicago-based multistate cannabis operator that specializes in the cultivation, production, and distribution of cannabis products.
- Where are Verano and The Cannabist Company Holdings based?
- Verano is based in Chicago, Illinois, United States. The Cannabist Company Holdings is based in New York, New York, United States.
- Who are the decision-makers at Verano?
- Fundz holds 4 contacts at Verano. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Agriculture and Farming and Cannabis
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Edwards Lifesciences Completes Acquisitions of JenaValve Technology and Endotronix (July 24, 2024)
- ANDRITZ AG completes acquisition of PulpEye to enhance automation and digitalization capabilities (September 3, 2024)
- Prairie Farms Dairy acquires SmithFoods to expand its dairy footprint (October 2, 2024)
- Kubota North America Corporation completes acquisition of Bloomfield Robotics, Inc. to enhance smart agriculture solutions (September 11, 2024)
- BD completes acquisition of Edwards Lifesciences' Critical Care product group to expand its smart connected care solutions portfolio (September 3, 2024)
- Suzano finalizes acquisition of 15% stake in Lenzing AG (August 30, 2024)
Who to call at Verano, and when
When Verano changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Verano raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Verano, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Verano. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Verano makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired The Cannabist Company Holdings?
The Cannabist Company Holdings was acquired by Verano, based in Chicago. The deal was reported on August 22, 2024. Verano is a Chicago-based multistate cannabis operator that specializes in the cultivation, production, and distribution of cannabis products. It is publicly listed in Canada and operates in multiple U.S. Verano is publicly traded (VRNO) and operates in Manufacturing.
When did Verano acquire The Cannabist Company Holdings?
Verano's acquisition of The Cannabist Company Holdings was reported on August 22, 2024. Verano Holdings Corp. has successfully closed the acquisition of the Arizona and Virginia subsidiaries of The Cannabist Company, positioning itself as the exclusive cannabis operator for HSA 5 in Eastern Virginia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does The Cannabist Company Holdings do?
The Cannabist Company Holdings Inc. is one of the largest and most experienced cultivators, manufacturers, and retailers of cannabis products in the U.S. It is privately held, operating in Other, and is based in New York.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.