Serruya Private Equity invests in launch of Verano Holdings
Verano Holdings LLC, a Chicago-based operator of cannabis cultivation, manufacturing and retail facilities, has launched with US$120 million of financing. Serruya Private Equity (SPE) joined the deal and is supporting Verano's acquisition of 3 Boys Farms LLC, a U.S. medical cannabis cultivator, processor and dispenser. Verano is buying 3 Boys Farms from Scythian Biosciences Corp via a share exchange valued at US$100 million. Scythian, a Toronto-based cannabis company, also agreed to commit US$88 million to the financing. SPE invests on behalf of Canada’s Serruya family.
24 October 2018•8 mins read
