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Diddy to buy Cresco, Columbia Care marijuana assets for up to $185 million

The hip-hop mogul has agreed to pay up to $185 million in a deal to acquire Cresco Labs Inc. and Columbia Care Inc.
Black Press Media Staff
Black Press Media Staff

The hip-hop mogul has agreed to pay up to $185 million in a deal to acquire Cresco Labs Inc. and Columbia Care Inc.

The deal will also create the B次元官网网址渨orldB次元官网网址檚 largest Black-owned cannabis company.

B次元官网网址淢y mission has always been to create opportunities for Black entrepreneurs in industries where weB次元官网网址檝e traditionally been denied access,B次元官网网址� Diddy, via press release.

The deal includes nine retail stores and three production facilities across New York, Massachusetts and Illinois.

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