- Pac Roots Cannabis completed acquisition of Lords of Grasstown Holdings on February 19, 2021
- Acquisition will provide Pac Roots with foothold in lucrative Californian cannabis market, broaden its product portfolio
- Californian cannabis market generated total sales of $4.4 billion in 2020, more than double C$2.6bn value of the entire Canadian market last year
On February 19, 2021, Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) announced the closing of a share purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a well-established cannabis motorcycle lifestyle brand with a tremendous following within the motorcycle and legal cannabis communities (https://cnw.fm/e2y22). Whilst the acquisition is undoubtedly significant in terms of broadening out Pac Roots’ product portfolio, it also heralds Pac Root Cannabis’ entry into the lucrative United States legal cannabis market.
The Lords of Grasstown brand was initially founded in 2013, designed to build upon the success of Lords of Gastown, a lifestyle and apparel brand originally founded in Canada’s Pacific Northwest and which subsequently expanded into California as of 2015. Created to fulfil a growing demand niche, the Lords of Grasstown brand started off by…
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