Cannabis retailer LivWell Enlightened Health is set to dominate the Colorado market with 26 dispensaries after PharmaCann announced its plan to buy The Clinic, a boutique dispensary chain in the Centennial State.
LivWell is a cannabis brand owned by PharmaCann — one of the biggest privately-held, vertically integrated cannabis companies in the U.S. With its roots in Colorado, LivWell currently manages 22 stores throughout the state, giving it a slight lead over other major players in the local cannabis industry.
All four of The Clinic's Denver-area dispensaries would likely rebrand to LivWell under the planned acquisition. The deal's closure is still subject to both Colorado and Denver regulatory approvals.
"When we started LivWell 13 years ago this October, we never imagined becoming part of one of the largest cannabis companies in Colorado, let alone the nation," said Chris Mapson, PharmaCann's vice president of marketing. "Joining the PharmaCann family and continuing to grow the LivWell brand through acquisitions positions our brand to be the largest in Colorado and most respected in the U.S."
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