Foley Hoag LLP advised global cannabis operator Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP) in its pending acquisition of The Green Solution (“TGS”), the largest vertically integrated cannabis operator in Colorado, through a transaction initially valued at approximately $140 million. The transaction will allow Columbia Care to become the leading operator in the $1.6 billion Colorado cannabis market and will expand the company’s U.S. footprint to 93 facilities open or under development, including 74 dispensaries and 19 cultivation and manufacturing locations.
Columbia Care is one of the largest and most experienced multi-state operators in the cannabis industry, with licenses in 15 jurisdictions throughout the US. With over 1.4 million sales transactions since its inception in 2012, the company is a patient-centered organization setting the standard for compassion, professionalism, quality, caring and innovation, working in collaboration with some of the most renowned and innovative teaching hospitals and medical centers in the world. Columbia Care is committed to providing the education and transparency patients deserve and quality of product that clinicians expect.
The Foley Hoag team consisted of Erica Rice, Erica Harrington, Patricia Perez Elias, Kip Cawley, Terry Martland, Kevin Conroy and Scott Bloomberg.