Green Thumb Industries completes $60 million acquisition of Fiorello

Chicago-based Green Thumb Industries (GTI) announced Monday it completed its $59.6 million cash and stock acquisition of Fiorello Pharmaceuticals, one of 10 companies approved to operate a medical cannabis company in New York. Green Thumb purchased New York City-based Fiorello in a transaction involving $46 million in cash and 1.7 million shares. Fiorello's assets include: "As one of only 10 license holders in a state with a population of approximately 20 million, this acquisition is firmly i...