More than one year after initially coming to terms on the deal, Chicago-based Cresco Labs last week announced that it had formally acquired Hope Heal Health, which operates a dispensary license in eastern Massachusetts and has rights to two additional dispensary licenses as well a clearance to cultivate and produce cannabis products in the state. Terms of the agreement were not disclosed.
Marketing software company Fyllo, which is based in the West Loop and last year raised $18 million to address messaging and distribution compliance issues associated with cannabis advertising, is expanding its presence in New York.
The company moved to new offices in DUMBO Heights, and plans to double its NYC employee count to 20.
PharmaCann, which was awarded multiple dispensary locations in Chicago, has designs on opening up in a landmarked location in River North.
The Oak Park-based company last week shared plans to convert the Veseman Building at 444 N. LaSalle to a dispensary during a public community meeting at nearby Maggiano’s Little Italy.
Multiple dispensaries with rights to open up additional locations in coveted River North include Cresco Labs, MOCA Modern Cannabis and Greenhouse Group.