Columbia Care Inc. (CNSX:CCHW) entered into an agreement to acquire Medicine Man of Denver, Inc. for $42 million on June 15, 2021. As part of consideration, Columbia Care will pay $42 million, comprising $8.4 million in cash and $33.6 million in stock. The transaction terms also include a potential additional milestone payment in 2022 if certain performance targets are met. Medicine Man is a family-run company. The transaction is expected to close in fourth quarter of 2021. The transaction is Immediately accretive to Columbia Care's gross margin, Adjusted EBITDA, and free cash flow. Foley Hoag LLP is acted as legal advisor to Columbia Care. Right Side Advisory Services is acted as financial advisor to Medicine Man. Husch Blackwell LLP is acted as legal advisor to Medicine Man.

Columbia Care Inc. (CNSX:CCHW) completed the acquisition of Medicine Man of Denver, Inc. on November 1, 2021.