Two Illinois-based marijuana multistate operators (MSOs) are teaming up on two stores according to a report from mjbizdaily.
Green Thumb Industries and Verano Holdings have partnered together quietly to operate two dispensaries in their home state of Illinois.
According to government records, subsidiaries of both companies are the registered managers of a shell company that manages NH Medicinal Dispensaries.
This company holds retail licenses for Rise in Effingham and Zen Leaf in Charleston says the Chicago Sun-Times.
Green Thumb spokeswoman Linda Marsicano told the Times that two recreational and medical marijuana stores count toward each company’s 10-store cap in Illinois.
There was no explanation offered as to why the partnership was beneficial.
It was also not long ago that Green Thumb announced a deal to sell $100 million worth of shares to an institutional investor. The company trades under the ticker symbol GTBIF in the U.S. and under the ticker symbol GTII in Canada.
Verano has raised $100 million in January and has plans to go public on the Canadian Securities Exchange.
