Development of cultivation and processing facilities already under way after receiving approvals in late 2020
NEW YORK–(BUSINESS WIRE)–Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) announced it has been awarded five medical dispensary permits by the West Virginia Office of Medical Cannabis (“OMC”). Columbia Care currently holds one of only 10 cannabis processing licenses and one of 10 cultivation licenses, in addition to a hemp cultivation license. The OMC has also awarded a dispensary permit to Green Leaf Medical (“Green Leaf”), the private cannabis multi-state operator that Columbia Care remains on track to acquire in Summer 2021 pending regulatory approval.
These permits allow the Company to operate retail dispensaries in the cities of Beckley, Fayetteville, Morgantown, St. Albans, and Williamstown, giving patients access to Columbia Care’s leading portfolio of pharmaceutical-grade products, and its wholesale partners, across the central and northern regions of the state. In addition, the Company’s cultivation and processing capacity will also allow for a robust wholesale program that will bring the Company’s market-leading portfolio of products to the rest of the state. Green Leaf’s dispensary permit in Charleston will also deepen the Company’s presence in the state’s capital and most populous city.
“We are grateful to the decision makers in West Virginia, in particular the OMC, for selecting us to bring our high-touch patient-focused dispensary experience and premium product portfolio to best serve patients across West Virginia,” said Nicholas Vita, CEO of Columbia Care. “Being selected for up to six dispensary permits, as well as cultivation and processing licenses, is a great honor and enables us to pursue key retail and wholesale market opportunities within this limited-license state. In conjunction with our acquisition of Green Leaf, building out our vertically integrated West Virginia operations will further enhance our scale