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Green Leaf to be sold in $240M deal

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Posted at 7:51 AM, Dec 23, 2020
and last updated 2020-12-23 07:51:54-05

RICHMOND, Va. -- The company behind Richmond’s sole medical cannabis production facility is expected to be absorbed by a publicly-traded firm that’s already active in the state.

New York-based Columbia Care Inc. announced Tuesday it signed a definitive agreement to buy Green Leaf Medical LLC in a cash-and-stock deal valued at $240 million. Green Leaf (stylized “gLeaf”) is a Maryland-based company that operates a medical cannabis production and distribution facility in Manchester. Click here to keep reading on Richmond BizSense.