One of Colorado’s cannabis giants has agreed to sell the vast majority of its assets.
Native Roots will sell its retail-facing operations to cannabis equity firm Verdant Capital Partners, pending regulatory approval, according to an announcement from the two companies. The acquisition allows Native Roots to continue operations, notes CEO Jonathan Boord.
“We believe this transaction represents a constructive outcome for the company and its retail employees and provides a clear path forward for the business,” Boord says in a statement accompanying the announcement…