Foley Hoag Represents Columbia Care in $42M Acquisition of Medicine Man Denver

June 16, 2021

Foley Hoag LLP represented Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP), a cultivator, manufacturer and provider of cannabis products, in its pending acquisition of vertically integrated cannabis company Medicine Man Denver, for upfront consideration of $42 million, comprising $8.4 million in cash and $33.6 million in stock, and a potential additional milestone payment in 2022 if certain performance targets are met. The acquisition further solidifies Columbia Care’s position as the most scaled retailer, cultivator and manufacturer in Colorado, the world’s second-largest cannabis market.

New York-based Columbia Care is one of the largest and most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 18 US jurisdictions and the EU. The company currently operates 122 facilities, including 92 dispensaries and 30 cultivation and manufacturing facilities. Columbia Care is known for setting the standard for compassion, professionalism, quality, care and innovation in the rapidly expanding cannabis industry. 

Foley Hoag attorneys Erica Rice, Brendan Burke and Shir Wisenberg represented Columbia Care in the transaction. 

About Foley Hoag LLP

Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse backgrounds, perspectives and experiences of our lawyers and staff contribute to the exceptional service we deliver to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.