Well that puts weedmaps in the shade !
MJ Biz have the lowdown
Multistate marijuana company Verano Holdings intends to go public on the Canadian Securities Exchange at a value of nearly $2.9 billion through a reverse takeover (RTO) of an existing, publicly held company, according to reports.
The move comes only a month after Chicago-based Verano signed a definitive agreement to acquire Florida-based Alternative Medical Enterprises (AltMed), and nine months after an $850 million deal with Arizona-based Harvest Health & Recreation collapsed.
Verano’s RTO deal would be further evidence that investors are warming again to marijuana.