The Globe and Mail Shariq Khan Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Blank-check company Greenrose Acquisition Corp said it would buy four private companies to build a cannabis cultivation, distribution and retail network across seven U.S. states, betting on the nation’s pot industry opening up soon.
Dealmaking in the U.S. cannabis industry has surged in recent months on expectations that President Joe Biden’s administration will relax federal prohibition and make it easier for companies to operate similarly to rivals in the alcohol or tobacco industries.
Lil Wayne | Benzinga benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
“CannaPiece has a dynamic and sophisticated executive team, with state-of-the-art facilities, and understands as well as appreciates the attention to detail that we have put into crafting Binske. Our ideal licensing partners understand the brand’s ethos and work diligently with us to bring the full portfolio of products and brand experience to each and every new territory,” Alex says. “Partner selection is paramount for us, so naturally we feel incredibly excited to have CannaPiece license and produce our suite of products in Canada.”
The agreement between Binske parent company Praetorian Global and Canadian marijuana producer CannaPiece marks the biggest deal announced by Binske in the last nineteen months. In 2019, Binske agreed to a licensing partnership with MariMed, a publicly held cannabis investment firm based in Massachusetts, that will reportedly expand Binke s product reach into medical and recreational dispensaries in Illinois, Ohio, Massachusetts, Rhode Island