LivWell Acquired by PharmaCann

LivWell Enlightened Health with 21 dispensaries in Colorado has been acquired by PharmaCann, the nation’s largest privately held and vertically integrated cannabis company in the country.  PharmaCann has dispensaries, cultivation & processing facilities in six other states prior to the acquisition.  With this acquisition, PharmaCann will have approximately 60 dispensary licenses and 11 cultivation and production facilities across 8 states.

LivWell is Denver’s second-largest cannabis company and employs about 900 people statewide — about 630 of them in the Denver.  In addition to Colorado locations, LivWell also owns a dispensary in Warren, Michigan, which is also included in the acquisition.

Financial terms of the deal weren’t disclosed.  It is projected that LivWell founder and CEO John Lord will join PharmaCann’s board of directors upon completion of the acquisition.  This acquisition is another example of the consolidation which is occurring in the Colorado cannabis industry.   

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