CHICAGO, March 18, 2019 /PRNewswire/ -- Revolution Ventures Illinois, LLC ("RVIL" or "Company"), a retail cannabis company,is pleased to announce that it has closed on its first dispensary acquisition. The company has closed its transaction for New Age Care, a licensed medical cannabis dispensary located in Chicago suburb, Mt.
The Illinois medical cannabis market is rapidly expanding, with the number of qualifying patients increasing 66% in 2018 to 52,365. Illinois recently expanded its program to allow patients prescribed opioids to access medical cannabis.
The CEO of RVIL Mark de Souza also serves as the CEO of Illinois based cannabis cultivator Revolution Enterprises, a national leader in the cannabis industry.
"We are thrilled to announce this acquisition, as a continuing step of our strategic national expansion efforts. New Age Care's commitment to patients, education, innovation, and ease of access makes them ideal Revolution retail partners," said CEO Mark de Souza. "As we move forward, our priorities remain in meeting customer demand, giving back to the communities which we serve, and creating the highest quality cannabis products strictly compliant with relevant laws and regulations."
New Age Care will continue to service high quality medical cannabis to Illinois patients and Opioid Alternative Program Participants, but will be undergoing several improvements including implementation of new, patient friendly technologies, and extension of business hours to provide greater access.
About Revolution Ventures Illinois
Revolution Ventures Illinois is a retail cannabis company that is changing the way people worldwide think about and access high-quality cannabis.
PRLog ID: www.prlog.org/12759693
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SOURCE Revolution Ventures Illinois, LLC
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