Minnesota Cannabis Company Goodness Growth to be Acquired for $413M | Twin Cities Business

Founded in 2014, Goodness Growth was Minnesota’s first medical cannabis company and one of only two licensed cannabis cultivators in the state.

Kyle Kingsley had nothing but positive things to say about the acquisition, which still requires approvals from regulators in the U.S.

Verano is based in Chicago, but it’s publicly traded in Canada because cannabis is still illegal at the federal level in the U.S.

As more states legalize the plant for medical and recreational use, cannabis companies are transforming into multi-state operators to capitalize on newly emerging markets.

The state has already authorized the sale of smokable forms of the plant — a move that both cannabis operators said would cut down costs of the program and bring in more customers.

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