Goodness Growth Completes $8 Million Maryland Dispensary Acquisition – New Cannabis Ventures – New Cannabis Ventures
Goodness Growth Holdings Announces Closing of Purchase of Charm City Medicus Dispensary in Baltimore, Maryland Transaction will improve scale in Maryland’s medical cannabis market by expanding retail dispensary footprint Company will transition Charm City Medicus to national Green Goods® retail dispensary brand
MINNEAPOLIS, Nov. 22, 2021 /PRNewswire/ — Goodness Growth Holdings, Inc. (“Goodness Growth” or the “Company”) (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, today announced that its subsidiary, Vireo of Charm City, LLC, has successfully completed the previously-disclosed purchase of all substantial assets of Charm City Medicus, LLC, a medical cannabis dispensary located in Baltimore, Maryland. The transaction was finalized on November 19, 2021.
The transaction was completed after the Maryland Medical Cannabis Commission granted final approval of the transfer of the medical cannabis dispensary license. The dispensary will be rebranded to Green Goods Baltimore to align the location with the Company’s national retail dispensary brand, Green Goods®. Goodness Growth now operates 18 dispensaries across the country.
We have been looking forward to closing this transaction and growing our retail market share in Maryland’s medical cannabis market.