Cannabis Joint Venture Secures Major Florida Deal Amid Trump Endorsement Of Marijuana Legalization
Portfolio Pulse from Jelena Martinovic
MINT Cannabis and Shango have entered a joint venture to acquire The Cannabist Company's Florida subsidiary, expanding their presence with 14 dispensaries and cultivation facilities. This move coincides with Donald Trump's endorsement of Florida's Amendment 3 for marijuana legalization.
September 03, 2024 | 2:11 pm
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The Cannabist Company is selling its Florida subsidiary to MINT Cannabis and Shango, which could impact its operations and market presence in Florida. The deal involves a $5 million transaction, including cash and a promissory note.
The sale of its Florida subsidiary means The Cannabist Company will lose direct operations in a key market, potentially affecting its revenue and market share. The $5 million deal includes cash and a promissory note, indicating a significant transaction.
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