Rap and business mogul Sean Combs, known otherwise as 'Diddy', has agreed to purchase legal cannabis operations in multiple states for $185 million.
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Sean Combs seeks to boost minority representation in cannabis with $185 million dealRap music mogul Sean “Diddy” Combs plans to pay up to $185 million to create the first multi-state cannabis operator in the U.S. owned by an African American, Cresco Labs Inc. and Columbia Care Inc. confirmed.
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WSJ News Exclusive | Sean ‘Diddy’ Combs to Buy Cannabis Operations in New York, Two Other States for Up to $185 MillionSean “Diddy” Combs plans to buy licensed marijuana operations in three states for up to $185 million, adding to a portfolio that includes fashion, media and spirits
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Sean 'Diddy' Combs enters multi-million-dollar purchase of largest U.S. cannabis companyHip Hop mogul Sean 'Diddy' Combs enters a tentative agreement to purchase the largest U.S. wholesaler of branded cannabis, Cresco Labs.
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Sean ‘Diddy' Combs to Acquire Cannabis Businesses for Up to $185MThe deal marks Combs' first investment in cannabis and will create the world's largest Black-owned cannabis company, according to a release.
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