Sean “Diddy” Combs Acquires Medical Marijuana Assets from Cresco Labs and Columbia Care for $185 Million

Sean “Diddy” Combs Acquires Medical Marijuana Assets from Cresco Labs and Columbia Care for $185 Million

Cresco Labs (CSE: CL) and Columbia Care (CSE: CCHW) announced on November 4 that they were divesting certain assets in New York, Massachusetts and Illinois. The undisclosed purchasing entity is owned by rapper Sean Combs and is acquiring the assets for a total of $185 million. This marks the 17th medical marijuana transaction of the year, according to the LevinPro HC database. Cresco Labs is one of the largest vertically integrated multi-state cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry.   Columbia Care is one of the largest and most experienced cultivators, manufacturers and providers of cannabis products and... Read More »