MINT Cannabis and Shango recently announced that they have entered into a definitive agreement to acquire membership interests in The Cannabist Company's Florida subsidiary. The move comes as The Cannabist (OTC: CBSTF) disclosed its decision to divest some of its Florida assets to privately owned multistate operators.
Through a joint venture known as Mint Shango JV, MINT Cannabis and Shango are set to acquire all 14 dispensaries and two cultivation facilities from The Cannabist. This strategic partnership aims to bolster the companies' market share in the rapidly growing cannabis industry.
Raul Molina, co-owner of Mint Cannabis, has been showcasing the company's innovative cannabis kitchen in Guadalupe. The acquisition of The Cannabist's assets will further enhance Mint Cannabis's offerings and expand its reach in the Florida market.
In a bold move, Phoenix-area Mint Cannabis locations are offering free prerolls when temperatures hit 110 degrees in July, along with complimentary CBD dog treats. This promotional strategy aims to attract new customers and drive traffic to the dispensaries.
The products available at Mint Cannabis include a variety of flower options such as Pablo's Revenge, Daze Off Smalls Flower, and Rainbow Sherbert #11. These high-quality strains cater to different preferences and provide customers with a wide selection to choose from.
The acquisition deal between MINT Cannabis, Shango, and The Cannabist involves the sale of all 14 Florida medical marijuana dispensaries and three cultivation facilities for a total of $16.4 million. This transaction marks a significant milestone for all parties involved and sets the stage for future growth and expansion in the cannabis market.
