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Top related persons:
Johnnie Walker - 1 Charles Bachtell - 1 Sean - 1 Diddy - 1 Combs - 1 Arshreet Singh - 1 Krishna Chandra Eluri - 1
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U.S Columbia New York , Massachusetts Illinois Downtown Los Angeles Bengaluru
Top related orgs:
Cresco Labs - 1 Columbia Care Inc - 1 Columbia - 1 Downtown - 1 Thomson - 1

Search resuls for: "Columbia Care Inc"


2 mentions found


☆ Cannabis firms Cresco, Columbia Care to terminate $2 bln merger
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +1 min
July 31 (Reuters) - Cannabis producers Cresco Labs (CL.CD) and Columbia Care Inc (CCHW.NLB) have mutually terminated their $2 billion merger announced in March last year, the companies said on Monday. "In light of the evolving landscape in the cannabis industry, we believe the decision to terminate the planned transaction is in the long-term interest of Cresco Labs and our shareholders," Cresco CEO Charles Bachtell said in a statement. Cresco and Columbia last month said they would not be able to complete the divestitures necessary to secure regulatory approvals to close the transaction. Meanwhile, Columbia Care separately said it had closed its Downtown Los Angeles facility and completed a previously announced corporate restructuring plan, including a 52-person headcount reduction. Reporting by Arshreet Singh in Bengaluru; Editing by Krishna Chandra Eluri and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Johnnie Walker, Charles Bachtell, Sean, Diddy, Combs, Arshreet Singh, Krishna Chandra Eluri Organizations: Cresco Labs, Columbia Care Inc, Columbia, Downtown, Thomson Locations: U.S, Columbia, New York , Massachusetts, Illinois, Downtown Los Angeles, Bengaluru
☆ Sean 'Diddy' Combs to acquire cannabis businesses for up to $185M
  + stars: | 2022-11-04 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +2 min
Sean 'Diddy' Combs accepts the Lifetime Achievement Award onstage during the 2022 BET Awards at Microsoft Theater on June 26, 2022 in Los Angeles, California. Hip-hop mogul and businessman Sean "Diddy" Combs is venturing into the world of cannabis. The transaction marks Combs' first investment in cannabis and will create the country's first minority-owned, vertically integrated multi-state cannabis company, as well as the world's largest Black-owned cannabis company, according to a release from Combs and the companies. The deal includes four retail stores and one production facility in New York state; three retail stores and one production facility in Massachusetts; and two retail stores and one production facility in Illinois. Combs will also be able to operate retail stores in the three states.
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