Stiiizy, California’s largest cannabis retail chain, has expanded its footprint with the $25 million acquisition of the now-defunct conglomerate Gold Flora.
The deal, finalized on Oct. 23, includes leases and licenses for 12 cannabis stores, according to SFGate.
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Stiiizy officially took over the stores on Dec. 9, bringing its total number of locations to 58 in California and three in Michigan, company President Tak Sato told SFGate.
The acquisition solidifies Stiiizy’s dominance in the California cannabis market, far outpacing its closest competitor Catalyst Cannabis, which operates 33 locations, according to Department of Cannabis Control records.
Stiiizy doubles down on California cannabis market
The acquisition of Gold Flora’s stores is a bold move in a challenging market.
California’s legal cannabis industry, still the largest
Read full article on Marijuana Business Daily
