News and notes about commercial cannabis expansion in Illinois.
Grassroots Cannabis inches closer to sale
CuraLeaf CEO Joseph Lusardi tells New Cannabis Ventures that federal regulatory hurdles to the company’s acquisition of Chicago-based Grassroots Cannabis are cleared.
While there is still work to do with state regulators, Lusardi anticipates closing the transaction this “spring”. The $875 million stock and cash deal was first announced last July.
Jushi Holdings’ dispensaries now BEYOND / HELLO
Vancouver-based cannabis company Jushi Holdings, which operates dispensaries in Normal and Sauget (just across the Mississippi River from St. Louis), rebranded its stores under as BEYOND / HELLO. Visitors to the company’s website can now also shop online and pick-up their goods curbside.
Green Thumb Industries close to break even, analysts say
Seventeen analysts queried by Simply Wall Street believe Chicago-based Green Thumb Industries is “within months” of breaking even. Further, they anticipate a $47 million profit for the company in 2021. Green Thumb is scheduled to have its quarterly earnings call on May 14.