Alright, let’s dive right into the exciting world of Michigan’s rapidly expanding cannabis industry, shall we? Picture this: Stash Ventures, a powerhouse in the marijuana business that’s got its roots firmly planted in Mount Pleasant, Michigan, has just taken a leap forward. They’ve scooped up 11 stores from their fellow cannabis comrades over at Cloud Cannabis Co., which is based in Troy.

Now, I know you’re curious about the financial nitty-gritty of the deal, but unfortunately, that’s a secret they’re keeping under wraps.

This whole thing was sealed and delivered back in January. The stores that Stash Ventures now has under its belt are sprinkled across Michigan in places like Ann Arbor, Cedar Springs, Detroit, Gaylord, Grand Rapids, Kalamazoo, Muskegon, New Baltimore, Traverse City, and Utica. This is according to the official word from Stash Ventures themselves.

But hold on a minute, don’t expect to see the Cloud Cannabis name disappear from the high streets. The stores will keep the Cloud Cannabis moniker, maintaining the brand’s strong presence in the market, a strategy that Stash Ventures is keen on.

Before this deal, Stash was already running the show at three Timber Cannabis Co. outlets located in the quaint Michigan towns of Mount Pleasant, Owosso, and Sturgis. They also have a grow and processing operation in Sturgis, so they’re no strangers to this game.

Scott Moorehead, the big boss at Stash Ventures, couldn’t hide his excitement. “Growing our investment in the state of Michigan is important to us, and we’re proud to be able to do this with such a well-established brand like Cloud Cannabis,” he said.

Moorehead also hinted at the potential benefits of the acquisition. With more retail stores under their wing, it’ll be easier for Stash to expand its own cannabis product lines, such as High Minded Creations.

But don’t worry about Cloud Cannabis – they’re not being left in the lurch. As part of the deal, they’ll keep their own cultivation and processing operations. So, it looks like this could be a win-win situation for both parties involved in the deal.

CannaMax
Author: CannaMax