Canada's C21 Investments Acquires Nevada Cannabis Business

Canada-based C21 Investments is expanding into the Nevada marijuana market through an acquisition of Silver State Relief and Silver State Cultivation, a deal that’s valued at more than $50 million.

The investment, announced in a news release Monday, is the second move by C21 in what is expected to be a wave of Canadian acquisitions of U.S. cannabis companies.

Earlier this month, C21, formerly known as Curlew Lake Resources, acquired Swell Companies, an Oregon marijuana extraction company.

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