Verano to acquire Sierra Well for $29m.

Verano, a cannabis operator, agreed to acquire Sierra Well, a licensed cannabis company, for $29m. “We’ve been operating successfully in Nevada since 2017 and have maintained focus on growing our presence in this highly attractive state. Following completion of this accretive transaction, Nevada will become a core market for us. We are pleased to strategically expand our distribution in Nevada while partnering with a like-minded ownership group that has built a profitable business through sound operational management. We look forward to expanding Verano’s retail presence into Northern Nevada and bringing our house of premium brands to more patients and consumers in a region that’s rife with natural beauty and draws significant tourism from around the country," George Archos, Verano Founder and CEO.