Deals
Harvest to Buy Verano for $850 Million in Largest U.S. Pot Deal
- Combined company will have 70 dispensaries by end of 2019
- Harvest shares jump 10% Monday, above purchase price
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Harvest Health & Recreation Inc. is acquiring closely held Verano Holdings LLC for about $850 million in the largest U.S. pot deal.
The combined company will have licenses to operate up to 200 facilities in 16 states and territories including 123 retail dispensaries, making it one of the largest multi-state operators in the U.S., the companies said Monday. It’s expected to have over 70 dispensaries, 13 cultivation facilities and 13 manufacturing facilities in operation by the end of 2019.