Cannabis multistate operator Greenlight is acquiring a dispensary in Las Vegas and a cultivation facility in West Virginia for an undisclosed sum as well as issuing another dividend.
The Las Vegas acquisition is an “operating recreational and medical dispensary,” according to a Monday news release from Greenlight.
ADVERTISEMENT
The cultivation facility in Buckhannon, West Virginia, is 18,000 square feet and makes Greenlight vertically integrated in that state.
The Kansas City, Missouri- based privately held company did not release the price of the acquisitions.
Greenlight also issued a “third consecutive quarterly dividend” to shareholders, a rarity in the cannabis industry.
The company described the payout as a “seven-figure” sum.
“In 2023, Greenlight has returned consecutive dividends that amount to over 13% of the total invested capital in the company,” according to the release.
The company’s first dividend – thought to be the first dividend in the cannabis industry –
Read full article on Marijuana Business Daily
