JARS Cannabis To Acquire Euflora, Expanding Retail Footprint In Colorado

JARS Cannabis has entered into a definitive agreement to acquire Euflora LLC, a collective of boutique recreational marijuana dispensaries in Colorado. Adding one cultivation center and greenhouse, along with 6 recreational storefronts to its portfolio, the completion of the transaction will increase JARS' retail operations to include a total of 26 storefronts across three states and solidify its positioning as a purveyor of affordable and accessible cannabis products in the nation's second and third largest cannabis markets.

"Since the inception of JARS Cannabis, it has been our mission to deliver only the highest quality of products and service to our community and customers," stated JARS Cannabis COO, Raymond Abro. "In this evolving industry, the move to acquire Euflora demonstrates a strategic opportunity for JARS to service new customers as we continue to expand our retail footprint across the nation, while aiming to create new jobs and increase access to affordable and accessible recreational cannabis products for all," added Abro.

Transaction Highlights and Benefits

• A combined workforce of 670 employees

• A combined loyalty base of 290,000+ customers

• Addition of 6 recreational storefronts, increasing retail portfolio to 26 storefronts nationwide

• One 7,200-square-foot cultivation center and greenhouse facility

• Expanded product availability and offerings to feature a combination of 250+ brands and over 6,000 product SKUs across various categories and price points

The acquisition and rebranding of Euflora retail stores are expected to be completed by the end of Q4, subject to the satisfaction of closing conditions. John Kenny from Taft Stettinius & Hollister LLP acted as legal counsel to both JARS Cannabis and Euflora LLC on the transaction.

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Photo: Benzinga; Sources: courtesy of Dmytro Tyshchenko and Kevin Ruck via Shutterstock

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