Michigan’s largest cannabis company is set to acquire three former Gage Cannabis retail locations following the exit of multistate operator TerrAscend Corp., Gage’s parent company, from the state’s market.
Evart-based Lume Cannabis will take over:
TerrAscend’s Lemonade store in Center Line. The Gage store in Grand Rapids. Pinnace Emporium in Morenci.
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Terms of the deal were not disclosed, with Lume President and COO Doug Hellyar citing a non-disclosure agreement as the reason for withholding financial details, as first reported by Crain’s Detroit Business.
“These acquisitions will allow Lume to serve even more of our loyal customers with the safe, high-quality products they expect from our top-notch cultivation team,” Hellyar said in a statement.
“We are excited to continue growing our footprint
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