Multimillion Dollar US Cannabis Deals Near Completion

By: Danielle Edwards 

Federal clearance in the US has pushed some cannabis acquisitions closer towards completion. 

On Wednesday (October 30), both Curaleaf Holdings (CSE:CURA,OTCQX:CURLF) and Cresco Labs (CSE:CL,OTCQX:CRLBF) revealed that the waiting periods under the Hart-Scott-Rodino Antitrust Improvements (HSR) Act have expired for their respective multimillion dollar acquisitions.

Though both of the deals are set to improve the two multi-state operators’ (MSOs) market share across the US and could represent a newfound interest in the regulated cannabis industry at the state level by federal powers, cannabis deals overall have been downsized in the face of a struggling market.

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