Multistate operator Story Hashish Co. acquired 4 vertically built-in marijuana licenses in Arizona from Devi Holdings.
The licenses have been beforehand branded beneath the identify Nature’s Medicines, in keeping with a information launch.
A spokesperson for the privately held firm declined to share the acquisition value with MJBizDaily.
The acquisitions embrace:
- Two places in Phoenix.
- One location in Tolleson.
- One location in Glendale.
All are at present operational, and Story now has 11 retail places and two cultivation amenities within the state.
Story additionally operates in Maryland and Ohio and has plans to develop past these states.
Story is led by CEO Jason Vedadi and Chief Working Officer Joe Sai, who each beforehand labored at Harvest Well being & Recreation, which was acquired by Florida-based Trulieve Hashish in 2021.
“Our core technique is to construct our portfolio shortly and effectively throughout a number of states so as to efficiently serve shoppers whereas staying true to hashish tradition,” Vedadi mentioned in an announcement.
In January, Devi Holdings agreed to promote its Maryland belongings to New York-based marijuana multistate operator Ascend Wellness in a cash-and-stock deal value $19 million.