MJBizMag November-December 2021 - 22

CompanyNews | U.S., Canada & International
* Cascade Sciences, which produces processing
equipment such as vacuum ovens and
evaporators.
The $50 million acquisition includes $30 million in
cash and $20 million of Agrify stock. The price might
reach $65 million based on the companies' 2021
performance.
Item 9 to Acquire Retailer
for Unity Rd. Franchise
Vertically integrated
cannabis company
Item 9 Labs in Phoenix
signed a deal to buy an
unspecified licensed
marijuana store in Adams
County, Colorado, for an
undisclosed sum. The
acquisition is part of a broader acquisition strategy in
Colorado, according to a news release.
The location will become the first corporate-owned
store under Item 9's franchise brand Unity Rd. The
store is anticipated to open in the next four to six
months, Item 9 said.
The company closed its acquisition of Denver-headquartered
One Cannabis Group and its Unity Rd.
franchise model in March. Unity Rd. is one of several
cannabis retail franchise brands aiming to make
inroads in multiple states, including Arizona, Montana
and Oklahoma.
Cannabis Store License Revoked by City
After Owner Pleads Guilty to Bribery
The California town of San Luis Obispo announced it
was revoking a business license for Natural Healing
Center, a cannabis shop whose owner, Helios
Dayspring, pleaded guilty to two felony charges.
Dayspring pleaded guilty in July to one charge of filing
a false federal tax return and one charge of bribery for
allegedly paying off a county supervisor.
Natural Healing Center had not yet opened in San
Luis Obispo but was poised to do so as one of three
retailers granted an initial permit. The store now will not
be allowed to open because of the criminal case. The
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MJBizMag November-December 2021

Table of Contents for the Digital Edition of MJBizMag November-December 2021

MJBizMag November-December 2021 - 1
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