Cresco Labs Buys Tryke For $282 Million, Picks Up Reef Dispensaries

AZ CANNABIS AMMA

ORIGINAL REPORTING By Debra Borchardt Cresco Labs Inc.  (CSE: CL) (OTCQX: CRLBF) has announced a plan to acquire Tryke Companies including six prime Reef Dispensary locations in Nevada and Arizona, expanded licensed cultivation and process capacity in Las Vegas and Phoenix and entry into the Utah market. The purchase price is $282.5 million which includes $30 million in real estate assets. The payment is a mix of Cresco Labs shares (approximately US$227.5 million), which …

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