Ballard Spahr Advises Medical Cannabis Dispensary Operator on Acquisition of 3 Locations

Ballard Spahr M&A lawyers represented VP Investment Holdings, LLC—composed of principals from leading privately held medical cannabis dispensary operator Restore Integrative Wellness Center, LLC—in the acquisition of the Pennsylvania affiliate of The Cannabist Company Holdings, Inc. (Cannabist), and its three dispensaries.

The acquisition includes medical dispensaries in Scranton, Allentown, and Wilkes-Barre, which will be rebranded to the Restore brand, Cannabist said in an announcement. The sale includes a concurrent supply agreement for products produced by Cannabist’s grow/processing affiliate, Green Leaf Medicals, LLC.

The Ballard Spahr team advising on the transaction is led by Mergers and Acquisitions Partner Ryan J. Udell and includes M&A Of Counsel Adam J. Chelminiak and Real Estate Department Associate Dimitrios Angelakos.

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