The Sunnyside dispensary will mark Schwazze's 23rd store in Colorado.
, a publicly-traded marijuana ownership firm formerly known as Medicine Man Technologies, has agreed to buy another Colorado dispensary.
Urban Health & Wellness also operates a 7,200-square-foot indoor growing warehouse. According to Schwazze, Urban Dispensary's cultivation will be included in the deal, which is worth a combined $3.2 million. According to Schwazze, the store's location, right off the intersection of West 38th Avenue and Federal Boulevard, was a key factor in the acquisition.
Schwazze expects the deal to close in the second quarter of this year, after state and local licensing approval. The Urban team will remain part of the Schwazze family team, Krishnamurthy adds.
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