Minneapolis-based cannabis multistate operator Vireo Growth is acquiring fellow MSO Planet 13 Holdings in an all-stock merger, extending one of the cannabis industry’s most aggressive buying sprees.
The deal adds 36 dispensaries across three states to Vireo’s portfolio. “Planet 13 represents another significant milestone of our disciplined growth strategy,” Vireo CEO John Mazarakis said in a statement. “These assets will deepen our existing footprint in Nevada and Florida while complementing our developing platform in Illinois.”
