Marijuana Inc (MAJI)

[DWillie]

JC/GRN Funds does not and never have owned those 12 companies in the brokered deal attempted a few years ago. Those were all retail merchants in WA. Totally unrelated to the pending GRNF acquisitions.

A dozen marijuana retail businesses in Washington state are employing an unusual strategy on the mergers and acquisitions front: package their assets together for a combination sale.

In a move that’s being described as “unprecedented,” Seattle-based investment bank GRN Funds is asking $60 million-$70 million for the 12 retail cannabis firms.

GRN Funds CEO Justin Costello – who’s brokering the sale and claims he has spearheaded 80-plus cannabis deals – said the businesses are located throughout Washington state but most are in the Seattle area.