Marijuana multistate operator iAnthus Capital Holdings is buying Illinois vape brand Cheetah Enterprises in an all-stock deal valued at $1.5 million.
The acquisition is key to iAnthus’ “ongoing strategy to elevate its portfolio” of marijuana brands and “drive long-term growth,” the company said in a news release.
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Cheetah, based in Chicago, offers premium live resin vape products.
With the addition of Cheetah, New York- and Toronto-headquartered iAnthus expands its presence in the Illinois and Pennsylvania cannabis markets, the release noted, with additional expansion planned throughout 2025.
“We are building a platform where bold brands can thrive, and Cheetah fits that mold perfectly,” iAnthus CEO Richard Proud said in a statement.
“Cheetah’s innovative approach to the vape market mirrors the agility, precision and speed
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