Sun Theory Holding Co., a Denver-based vertically integrated cannabis operator, acquired five of Terrapin Care Station’s retail locations in Colorado for an undisclosed sum.
The sale will allow Boulder, Colorado-based Terrapin Care Station to focus on growing its operations in Pennsylvania, according to a news release.
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Terrapin headquarters will remain in Boulder, and the company will continue to operate one cultivation facility and one dispensary in Aurora, a Denver suburb.
Sun Theory will now have eight retail locations in the state.
“This expansion in Colorado underscores our objective of aligning with businesses that have demonstrated sound business management, a commitment to customers, solid financials and an expanding market share potential,” Connor Oman, Sun Theory’s CEO, said in a statement.
“When you consider
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