Cresco Labs, Origin House revamp cannabis merger as value falls more than 50% and close delayed

MJBizDaily
By Nick ThomasNov 13, 2019, 6:11 pm239 pts
Cresco Labs, a Chicago-based multistate cannabis operator, and Origin House are overhauling the terms of their merger announced earlier this year, as falling cannabis stock prices and other factors slashed the value of the transaction in half to approximately $400 million. Because of the revised terms, the…

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