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MarketWatch reports that Cresco Labs, a Chicago company described as “a multi-state cannabis cultivator, processor, and retailer,” is acquiring Origin House, a Canadian marijuana distributor, for $823.5 million (US).

According to the story, “The deal, which Cresco said is the ‘largest public company acquisition in the history of the U.S. cannabis industry,’ is expected to be completed by the end of June. ‘Following the closing of this acquisition, Cresco brands will be in over 725 dispensaries across the country, giving us the largest and most strategic distribution footprint of any cannabis company in the United States,’ said Cresco Chief Executive Charlie Bachtell.”
KC's View:
Expects lots more of these sorts of deals. Lots more.