BRIDGETON, Mo. — Proper Cannabis recently completed construction on its fourth St. Louis-area dispensary, the latest move in the company's expansion efforts. The St. Louis-based medical cannabis business is tackling several expansion moves before legal adult-use cannabis sales are expected to go into effect. Proper Brands has announced the acquisition of Nirvana Investments, the parent company of N'Bliss dispensaries, 5150 N'Fusion manufacturing, in a strategic move to further grow its presence in the cannabis industry.
Proper expects $5 million in sales from the new store once recreational-use sales go into effect. This marks a significant milestone for the company as it continues to establish itself as a major player in the cannabis market. The acquisition of Nirvana Investments represents the largest single business purchase in Missouri Cannabis, solidifying Proper Brands' position as a key player in the industry.
The NJCRC recently approved more than 300 adult-use cannabis licenses during their first live/hybrid meeting in Trenton, signaling a significant shift in the state's cannabis landscape. As the industry continues to evolve, companies like Proper Cannabis are positioning themselves for success in this rapidly growing market. With the expansion of its dispensary network and strategic acquisitions, Proper Brands is well-positioned to capitalize on the increasing demand for cannabis products.