Cannabis Briefs for October 11, 2022October 11, 2022
•Curaleaf has completed its previously announced $181 million acquisition of Tryke Companies, a vertically integrated, multi-state cannabis operator. The deal adds four retail dispensaries in Las Vegas, Sparks, and Sun Valley, Nevada; and two retail dispensaries in Phoenix, Arizona; as well as an extensive product lineup and 30,000 square feet of cultivation space. “This deal represents a significant opportunity with strong long-term growth potential, and we are now strategically positioned to accelerate our growth in the West,” said Curaleaf CEO Matt Darin. With the close of the transaction, Curaleaf’s national footprint has reached 29 cultivation sites and 144 dispensaries nationwide.
•Humble & Fume has named Charlie Cangialosi vice president of commercial for the California market. He joins the cannabis distributor from cannabis brand Old Pal, where he served as COO, leading sales, production, innovation, operations, and retail execution. Prior to that he spent 18 years in the drinks industry, including time with Anheuser-Busch and MillerCoors. Last month, Johnson Brothers deepened its investment in Humble & Fume, which also recently added leading cannabis brand Cookies to its portfolio.
•Oregon-based edibles brand Wyld is expanding its portfolio with the launch of Good Tide. The solventless hash rosin edible brand will be available in Oregon, California, and Colorado markets this fall. Good Tide gummies are made with real fruit, contain 10mg of THC apiece, and are debuting in vegan Mango (mellow), Guava (balanced), and Pineapple (uplifting) flavors. Wyld’s portfolio also includes its namesake edibles brand as well as a range of CBD offerings.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.
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