Copperstate Farms, a grower and retail seller of marijuana, bought its fifth dispensary for $15 million.
Copperstate bought the dispensary license, inventory, and equipment from Goodness Growth Holdings for its Phoenix operations located in Deer Valley just north of Loop 101 and east of Interstate 17. The deal also includes a license for the company’s 18-acre outdoor cannabis farm in Amado, south of Tuscon, but not the farm itself. Goodness Growth expects to still sell its products wholesale for 20 years in Arizona through a cultivation management services agreement, according to the recently inked deal.
<a href=”https://media1.fdncms.com/phx/imager/u/original/12480610/dsc_0578.jpg” rel=”contentImg_gal-12480372″ title=”Copperstate Farms runs several dispensaries in the Phoenix region under the name Sol Flower. – NATASHA YEE” data-caption=”Copperstate Farms runs several dispensaries in the Phoenix region under the name Sol Flower. Natasha Yee” class=”uk-display-block uk-position-relative uk-visible-toggle”> click to enlarge
Copperstate Farms runs several dispensaries in the Phoenix region under the name Sol Flower.
Goodness Growth decided to focus on other markets such as New York and Minnesota, according to the company.
Copperstate was founded in 2016 and operates four other dispensaries in the region including one in Sun