Mint Shango JV to acquire membership interests in Cannabist's Florida entity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Joint Venture Acquisition: MINT Cannabis and Shango have formed a joint venture, Mint Shango JV, to acquire The Cannabist Company Holdings Inc.'s Florida subsidiary for $5M, which includes 14 dispensaries, two cultivation facilities, and an MMTC license.
Operational Changes: The MINT/SHANGO JV will maintain its existing indoor cultivation facility while transferring equity interests in its current MMTC license holder to The Cannabist Company, which plans to divest it after the acquisition.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
