Story Cannabis Company To Acquire 4 Vertically Integrated Nature's Medicines Dispensaries In Phoenix
Story Cannabis Company To Acquire 4 Vertically Integrated Nature's Medicines Dispensaries In Phoenix
Story Cannabis Company, an emerging player in the fast-growing cannabis industry, announced the acquisition of four vertically integrated cannabis licenses, currently branded under the name Nature's Medicines, located in Arizona.
Story Cannabis Company是快速增長的大麻行業的新興企業，宣佈收購位於亞利桑那州的四個垂直整合的大麻許可證，這些許可證目前以Nature's Medicines的名義命名。
Headquarted in Phoenix, the company acquired the assets from Devi Holdings Inc. Financial terms were not disclosed.
The newly purchased facilities are serving Arizona's adult-use and medical consumers from two locations in Phoenix. With the recent additions, Story Cannabis' portfolio in Arizona now includes operations of 11 retail locations and two cultivation facilities.
The latest development is part of the Company's strategic plan to grow quickly through the purchase or expansion of vertically integrated cannabis assets in target states, that have high-profit margins, steep growth curves and the expectation of soon-to-be permitted adult-use sales.
The acquisition effort was led by Story Cannabis executives and cannabis entrepreneurs, CEO Jason Vedadi, and COO Joe Sai. Both have in-depth experience at publicly traded companies and with multi-state operations. In this latest venture, the duo expects to bring a more personalized approach and curated cannabis experience to consumers.
Vedadi, founder of Modern Flower which merged with Harvest Health and Recreation (CSE:HARV) (OTCQX:HRVSF) in 2017, is the former executive chairman of Harvest Health and former CEO of Oasis Cannabis. Sai is the former COO of Trulieve (OTCQX:TCNNF), former chief of staff and COO of Harvest Health and Recreation.
"Our core strategy is to build our portfolio quickly and efficiently across multiple states in order to successfully serve consumers while staying true to cannabis culture," Vedadi said.
In addition to the Arizona marketplace, Story Cannabis dispensaries are found in Maryland and Ohio, with other targeted markets on the horizon including business agreements in New Jersey.
Story Cannabis's signature CPG brands include Just Flower, plus their premium flower and concentrate offerings brand, Fade Co.
該公司總部位於鳳凰城，從Devi Holdings Inc.手中收購了資產。財務條款尚未披露。
新購買的設施從鳳凰城的兩個地點爲亞利桑那州的成人和醫療消費者提供服務。隨着最近的新增，Story Cannabis在亞利桑那州的投資組合現在包括11個零售點和兩個種植設施的運營。
最新進展是該公司戰略計劃的一部分，該計劃旨在通過在目標州購買或擴張垂直整合的大麻資產來實現快速增長，這些資產的利潤率很高，增長曲線陡峭，而且預計很快就會允許成人用藥銷售。
此次收購工作由Story Cannabis高管和大麻企業家、首席執行官領導 傑森·維達迪，兼首席運營官 喬賽。兩人在上市公司和多州業務方面都有豐富的經驗。在這項最新的合資企業中，兩人希望爲消費者帶來更加個性化的方法和精心策劃的大麻體驗。
Vedadi是Modern Flower的創始人，該公司於2017年與Harvest Health and Recreation（CSE: HARV）（OTCQX: HRVSF）合併，他是Harvest Health的前執行董事長和Oasis Cannabis的前首席執行官。賽伊曾是Trulieve（OTCQX: TCNNF）的首席運營官，Harvest Health and Recreation的前辦公廳主任兼首席運營官。
韋達迪說：“我們的核心戰略是在多個州快速高效地建立我們的產品組合，以便在忠於大麻文化的同時成功爲消費者提供服務。”
除了亞利桑那州的市場外，Story Cannabis藥房還位於馬里蘭州和俄亥俄州，其他目標市場也即將到來，包括新澤西州的商業協議。
Story Cannabis 的標誌性 CPG 品牌包括 Just Flower，以及他們的優質花卉和濃縮產品品牌 Fade Co.
譯文內容由第三人軟體翻譯。