Grassroots Cannabis Announces Rapid Expansion with Addition of Four New State Markets

Wednesday, February 6, 2019 Drug News
Email Print This Page Comment bookmark
Font : A-A+

Top Illinois Cannabis Company's Portfolio Now Includes 11 States After Adding Operations In Connecticut, Michigan, Oklahoma, and Vermont

CHICAGO, Feb. 5, 2019 /PRNewswire-PRWeb/ -- Grassroots Cannabis — a cannabis company that grows, processes and sells

cannabis through its unique, vertically-integrated business model—announces that it will significantly increase its footprint across the United States by expanding into four new state markets. The company will add Connecticut, Michigan, Oklahoma and Vermont to its existing presence in Illinois, Maryland, Nevada, Ohio, Pennsylvania, Arkansas, and North Dakota— creating one of the industry's most valuable cannabis portfolios.

The company has also expanded its existing presence in Nevada after winning seven dispensary licenses in a competitive application process.

Grassroots is a cannabis company born in Illinois and committed to growing from the ground up, working locally, state by state, to create jobs and opportunity while serving, advancing and respecting the cannabis movement. Driven by a shared belief that cannabis enhances life for people from all backgrounds, Grassroots is unique in that their business model manages cultivation, growth, product development and retail sales of trusted cannabis products.

"After experiencing a record year of growth for the company in 2018, that included achieving incredible economies of scale in Pennsylvania and Maryland, we are thrilled to bring our unparalleled expertise into four new state markets to further provide consumers access to safe and effective cannabis products," said Grassroots Cannabis CEO and Co-Founder Mitch Kahn. "We are committed to continuing to develop the company's portfolio, which is addressing the key market sectors that are medical, wellness, and adult use."

Through its expansion, Grassroots can serve the rapidly growing demand in each of these 11 markets. With 62 licenses, the company can serve the registered medical cannabis patients in these states, and as adult-use legislation continues to pass—most recently in Michigan and Nevada—Grassroots is ready to meet the needs of these new populations of customers.

"Grassroots Cannabis has one of the largest, most diversified portfolio of assets in the industry across many of the most exciting markets," said Grassroots Cannabis COO Matt Darin. "We are very proud to be an industry leader on the forefront of innovation and regulatory approvals for one of the fastest-growing industries in the United States. Our growth is a testament to our strategic vision that includes supplementing license wins with strategic acquisitions to maximize the value of our company's scale and platform."

The company's retail brand, Herbology, offers a unique approach to the dispensary experience that includes wellness events, support groups and educational seminars. In addition, the company continues to bring new products to market that are thoughtfully designed to provide targeted solutions for key patient and consumer segments. With this distinctive approach to business, Grassroots has been able to scale its operations while exploring and innovating with cannabis and cultivating trusted relationships with its customers and its communities.

For more information on Grassroots Cannabis, visit the company's website.

About Grassroots Cannabis GR Companies Inc. (dba Grassroots Cannabis) is a cannabis company dedicated to serving, advancing and respecting the cannabis movement. Through its unique, integrated business model, Grassroots grows, processes and sells trusted cannabis products that enhance life's moments for people from all backgrounds. Its retail brand, Herbology, offers a unique, wellness- and education-focused dispensary experience.

Grassroots Cannabis has built its portfolio at an unprecedented pace, with facilities in highly competitive markets, including Illinois, Nevada, Pennsylvania, Michigan, Maryland, Oklahoma, Ohio, Vermont, North Dakota, Connecticut, and Arkansas. The company is also pursuing acquisitions in additional markets. The executive management team is composed of a group of highly skilled business leaders united by a common belief: Cannabis inspires us to live deeply. For more information, visit grassrootscannabis.com.

 

SOURCE Grassroots Cannabis



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store