Based in Chicago, the company confirmed Friday it has closed the acquisition of Mad River Remedies, LLC, a dispensary in Dayton.
Apart from the newly acquired shop, Verano operates four additional stores in the Buckeye State located in Bowling Green, Canton, Cincinnati and Newark.
Mad River Remedies will serve customers in the Dayton metropolitan area, which has nearly 800,000 residents.
“Over the course of the last year, Ohio developed into a core market for us, and we’re pleased to gain coverage of the substantial Dayton market through this acquisition of Mad River Remedies,” George Archos, CEO and founder of Verano, said Friday.
The dispensary is located in the vicinity of the University of Dayton and Wright State University campus communities, several miles from the downtown Dayton area.
The store’s offering will include a myriad of medical cannabis products sold under Verano, Avexia and Encore brands.
“Ohio’s burgeoning medical cannabis market provides an opportunity for us to leverage our proven, vertically integrated model, enabling revenue growth while serving the considerable patient community,” Archos stated.
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