Green Thumb Enters Va. With $80M Dharma Pharma Purchase
ADVERTISEMENT ADVERTISEMENT Green Thumb Enters Va. With $80M Dharma Pharma Purchase Law360 (May 3, 2021, 8:16 PM EDT) -- With two months before marijuana becomes fully legal in Virginia, multistate cannabis operator Green Thumb Industries Inc. announced Monday that it would enter the commonwealth with the $80 million purchase of medical cannabis company Dharma Pharmaceuticals LLC. As part of the deal, Green Thumb will acquire Abingdon-based Dharma for 80% stock and 20% cash, a company spokesperson said. The acquisition will add a Virginia dispensary and production facility to Green Thumb's p...
Source: law360.com