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Benzinga

Business

Maureen Meehan

Cresco Labs To Acquire Columbia Care For $2.1B, Becoming Largest Cannabis Company In US

Columbia Care Cresco Cresco Labs United States

U.S. cannabis producer Cresco Labs Inc. (OTCQX:CRLBF) is acquiring its rival Columbia Care (OTCQX:CCHWF) for $2.1 billion, Reuters reported late Tuesday. Additional sources confirmed the transaction in conversation with Benzinga.

Once the deal is finalized, Cresco Labs will become the new leader in North American Cannabis.

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