Skip to main content

Copperstate Farms to Acquire Level Up Cannabis Licenses in North Scottsdale and Tempe

Written by Customer Service on . Posted in Mergers And Acquisitions.

The acquisition of the vertically-integrated businesses will further expand the Copperstate Farms retail footprint and portfolio in the Arizona market.PHOENIX, Nov. 05, 2020 (GLOBE NEWSWIRE) — Copperstate Farms Management, LLC, a vertically integrated cannabis company based in Arizona, has reached an agreement to acquire management rights and control of two Level Up (formerly MedMen Arizona) marijuana licenses and dispensaries in North Scottsdale and Tempe.The locations include dispensary retail spaces, as well as a 25,000 square-foot cultivation and processing warehouse. The acquisition of the Level Up operations will further expand the Copperstate Farms retail footprint and solidify its market share in Arizona under the Sol Flower banner. This follows the passage of Proposition 207 in the 2020 election, allowing recreational marijuana use and cultivation by adults 21 or older in Arizona.“We are excited to build upon the strong foundation established by the Level Up owners and team who have placed a premium on quality medicine and customer service. Copperstate Farms sees tremendous value in these locations, which will allow us to further expand our Sol Flower dispensary brand,” stated Copperstate Farms CEO Pankaj Talwar.A multi-use dispensary concept, Sol Flower features a public-facing classroom and café in Sun City and an additional location in Tempe. With the Level Up acquisitions, Copperstate Farms now controls four retail operations across premiere Valley locations that offer channels to different patient demographics.“Having solidified our position as the leading wholesale operation in the State of Arizona, we are delighted to begin expanding our retail footprint. Copperstate Farms produces high-quality cannabis at affordable prices for our wholesale customers and retail patients alike,” said Copperstate Farms Managing Director Fife Symington.Copperstate Farms is home to the largest indoor cannabis facility in the U.S. with 40 acres under glass and is the parent company to multiple product suites including Good Things Coming edibles. The company holds exclusive distribution and manufacturing rights to several top-selling brands, including internationally awarded DNA Genetics, among others.For more information visit CopperstateFarms.com.* Copperstate Farms has implemented social distancing and enhanced safety measures at its cultivation facility and Sol Flower dispensaries during the coronavirus (COVID-19) outbreak.
About Copperstate Farms Management, LLC:
Established in 2016, Copperstate Farms Management, LLC, is a vertically integrated cannabis company headquartered in Phoenix, Arizona. The company manages the licensed production and distribution of medical cannabis in the U.S. and operates a 1.7-million-square-foot facility and 40-acre greenhouse grow in Snowflake, Arizona. Copperstate Farms is the parent company of multiple product suites and the dispensary retail concept Sol Flower, which includes a public-facing café and wellness classroom. The multi-use dispensary brand has locations in Tempe and Sun City, Arizona.Copperstate Farms is dedicated to bringing growth to the local and state economy through the hiring of local laborers, material suppliers, and contractors. For more information, visit CopperstateFarms.com.Media Contact:
Neko Catanzaro
Proven Media
Neko@provenmediaservices.com
(401) 484-4980

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.