Site icon Polvadera Chiles and New Mexico News

Minnesota co. acquires NM cannabis firm

Vireo Health International has acquired the management entity that oversees the operations of Gallup-based medical cannabis company Red Barn Growers.

The management company was acquired for $4 million, and the deal closed earlier this week, Vireo COO Ari Hoffnung said. Red Barn Executive Director Brett Baker confirmed the transaction. Hoffnung also said the company closed a similar type of deal with an Arizona-based firm around the same time.

Vireo is a physician-founded company based in Minneapolis,…

Source: The Business Journal

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