Foley Hoag Represents Columbia Care in $15M Acquisition of The Healing Center San Diego
January 8, 2021
Foley Hoag LLP represented Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) in its acquisition of The Healing Center San Diego (“THCSD”), one of the leading dispensaries in Southern California, for approximately $15 million. Acquiring THCSD is expected to enhance Columbia Care’s retail presence and scale in California, as well as improve consumer access, leverage Columbia Care brands, drive margin expansion through the supply chain and deliver outsized shareholder returns.
With more than four million sales transactions since its inception in 2012, Columbia Care is one of the original providers of medical cannabis in the United States. The company delivers an industry-leading, patient-centered medicinal cannabis operation that has quickly expanded into the adult use market as a premier operator. It is one of the largest and most experienced cultivators, manufacturers and providers of medical and adult use cannabis products and related services. With licenses in 18 US jurisdictions and the EU, Columbia Care operates 108 facilities including 81 dispensaries and 27 cultivation and manufacturing facilities.
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