Minneapolis-based medical cannabis company Vireo Growth Inc. has signed an agreement to purchase WholsomeCo Cannabis of Bountiful. The acquisition is in conjunction with Vireo’s purchase of three other single-state cannabis operators in an-all stock transaction.
WholesomeCo Cannabis was launched in 2020 by co-founder and CEO Chris Jeffery. The acquisition includes WholesomeCo’s 22,500-square-foot facility in Bountiful and one retail dispensary. The acquisition price includes a $14 million upfront consideration plus a potential for up to a $37.5 million total purchase price depending on annualized future net revenues.
The acquisition also includes WholesomeCo’s proprietary omni-channel e-commerce and Please log in to see the rest of this story.
