General Cannabis acquires vertically integrated Cannabis company Cannasseur for $2.35M.
“The acquisition of Cannasseur is integral to our growth strategy of acquiring and operating cultivation, manufacturing and retail assets. Further, it enables us to provide products and services to customers who depend on cannabis-based products for medicinal support.”
Steve Gutterman, CEO General Cannabis
The use of Cannasseur’s retail space, greenhouse, and manufacturing should generate $4 million of incremental annual revenue for General Cannabis.