Schwazze, a Denver-headquartered vertically integrated multistate operator, entered an agreement to pay $2.75 million to acquire “certain assets” of Lightshade Labs, a 10-store Colorado chain.
The acquisition is expected to close in the first quarter of 2023, pending state and local licensing approval, according to a news release.
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The all-cash deal will land Schwazze two Lightshade stores, one in Aurora and the other in Aurora.
The acquisition brings Schwazze’s total number of Colorado retail outlets to 25.
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Since April 2020, the release noted, Schwazze has acquired or announced the planned acquisition in Colorado and New Mexico of:
35 cannabis stores. Seven cultivation facilities. Two manufacturing assets.
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