COLUMBIA CARE CONTINUES ACQUISITION SPREE

Fresh off its acquisition of Colorado-based The Green Solution, New York-based Columbia Care said it would acquire  vertically integrated California player Project Cannabis for $69M in a cash and stock deal.
Benzinga

• Project Cannabis’ brands include Triple Seven and Classix. The company also runs retail and delivery operations in southern California.

Separately, a New York state judge ????refused to dismiss a lawsuit against Columbia Care accusing it of stealing trade secrets in a dispute over a Florida MED license. Read more about the case here.
Law360, WeedWeek

Quick Hits

1. The founding of MSO Green Thumb Industries is the subject of a lawsuit.
   Monterey County Weekly
2. Business Insider learned many of Wall Street’s biggest banks ????no longer test applicants for cannabis.
3. New Cannabis Ventures says the industry’s rising tide won’t lift all boats.