Michigan-based JARS Cannabis makes deal to take over Euflora.
The pending deal, announced on November 7, includes six Euflora stores and a 7,200-square-foot cultivation facility in Colorado. The purchase price and terms of the takeover were not disclosed; the acquisition is expected to be completed before the end of the year pending regulatory approval, according to JARS.
“We are pleased to join forces with JARS Cannabis to pursue a shared vision for the future of cannabis retail through sustainable expansion in core recreational markets,” he says. “Today marks a transformative moment in the evolution of Euflora, and we anticipate this acquisition will drive significant leadership, operational, and retail opportunities amongst both parties to better meet the varying needs of our combined staff and loyal customer base.
That may seem standard for big-city pot shops now, but Euflora was early to chase the moniker of"the Apple store of weed." By 2017, it had added two locations in Aurora and one on Brighton Boulevard in north Denver , as well as outposts in Aspen and Longmont. Euflora also owned a dispensary in Long Beach, California, but that store is no longer open.
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