Combined portfolio now includes over 50 dispensaries and 10 cultivation and production facilities across eight U.S. states
CHICAGO & DENVER–(BUSINESS WIRE)–PharmaCann Inc., one of the nation’s largest privately held, vertically integrated cannabis companies, and LivWell Enlightened Health, a multi-state cannabis cultivation and retail leader based in Colorado, today announced the completion of their previously disclosed definitive merger agreement for PharmaCann to acquire LivWell Holdings, Inc.
“The combination of PharmaCann and LivWell is a natural fit given our shared commitment to improving people’s lives through cannabis,” said Brett Novey, CEO of PharmaCann. “Combining our respective companies creates a market-leading platform to further expand our operations in new and existing markets, and immediately expands PharmaCann’s presence to Colorado and Michigan, two of the largest cannabis markets in the country.”
The completion of the merger increases PharmaCann’s operations to include over 50 dispensaries and 10 cultivation and production facilities across eight states. LivWell Founder and CEO John Lord will join the PharmaCann Board of Directors.
“This marks the beginning of an exciting new chapter,” Lord said. “The depth of experience, best practices, and track record of the combined companies will bring about an even better patient and customer experience.”
Canaccord Genuity Corp. served as financial advisor, and Perkins Coie LLP served as legal advisor to PharmaCann. Canaccord Genuity Corp. also provided a fairness opinion to the board of directors of PharmaCann.
Gramercy Capital Group, LLC (through INTE Securities LLC, member FINRA/SIPC) acted as exclusive financial advisor, and Husch Blackwell LLP served as legal advisor to LivWell.
About PharmaCann
PharmaCann Inc. is one of the nation’s largest privately held, vertically integrated cannabis companies, providing safe, reliable, and high-quality cannabis products to people in both the medical and adult-use markets. The PharmaCann geographic footprint includes dispensaries and cultivation and processing operations in eight states. For more information about PharmaCann, please visit Pharmacann.com.
About LivWell Enlightened Health
Serving quality cannabis since 2009, the LivWell mission is to empower people to live life well. With careful tending and hard work, LivWell has grown from a single location to the nation’s most trusted multi-state cannabis company with operations in Colorado and Michigan. LivWell is a vertically integrated seed-to-sale cannabis retailer. In addition to cultivating cannabis, LivWell researches, extracts, and manufactures its own brands to consistently bring its customers quality products across multiple categories including topicals, edibles, tinctures, CBD pet tinctures, concentrates, and vaporizers. For more information about LivWell, please visit LivWell.com.
Contacts
PharmaCann
Beth Coronelli
Tel: 312-667-6260 ext. 322019
communications@pharmacann.com
LivWell
Chris Mapson
Tel: 720-244-0314
pressinquiries@livwell.com
