{"id":19127,"date":"2017-09-06T02:30:53","date_gmt":"2017-09-06T10:30:53","guid":{"rendered":"http:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/09\/06\/washington-state-broker-aims-to-sell-bundle-of-12-marijuana-retailers-for-up-to-70m\/"},"modified":"2017-09-07T00:36:38","modified_gmt":"2017-09-07T08:36:38","slug":"washington-state-broker-aims-to-sell-bundle-of-12-marijuana-retailers-for-up-to-70m","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/09\/06\/washington-state-broker-aims-to-sell-bundle-of-12-marijuana-retailers-for-up-to-70m\/","title":{"rendered":"Washington state broker aims to sell bundle of 12 marijuana retailers for up to $70M"},"content":{"rendered":"<\/p>\n<p><strong>By Bart Schaneman<\/strong><\/p>\n<p>A dozen marijuana retail businesses in Washington state are employing an unusual strategy on the mergers and acquisitions front: package their assets together for a combination sale.<\/p>\n<p>In a move that\u2019s being described as \u201cunprecedented,\u201d Seattle-based investment bank GRN Funds is asking $60 million-$70 million for the 12 retail cannabis firms.<span id=\"more-73798\" \/><\/p>\n<p>The ambitious plan has spurred questions about whether such a strategy can work, particularly after\u00a0two Washington state cannabis entrepreneurs recently failed to sell their businesses together in a similar \u2013 albeit much smaller \u2013 fashion.<\/p>\n<p>The plan also faces some hurdles tied to Washington state\u2019s<\/p>\n<p> &#8230;<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/mjbizdaily.com\/washington-state-broker-aims-sell-bundle-12-marijuana-retailers\/\">Washington state broker aims to sell bundle of 12 marijuana retailers for up to $70M<\/a> is a post from: <a href=\"http:\/\/mjbizdaily.com\">Marijuana Business Daily: Financial, Legal &amp; Cannabusiness news for cannabis entrepreneurs<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nRead More: <a href=\"https:\/\/mjbizdaily.com\/washington-state-broker-aims-sell-bundle-12-marijuana-retailers\/\" target=\"_blank\">Washington state broker aims to sell bundle of 12 marijuana retailers for up to M<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Bart Schaneman A dozen marijuana retail businesses in Washington state are employing an unusual strategy on the mergers and acquisitions front: package their assets together for a combination sale. In a move that\u2019s being described as \u201cunprecedented,\u201d Seattle-based investment bank GRN Funds is asking $60 million-$70 million for the<span class=\"more-link\"><a href=\"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/09\/06\/washington-state-broker-aims-to-sell-bundle-of-12-marijuana-retailers-for-up-to-70m\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[172,18,1472,1473,632,19,1474,1475,471],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/19127"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=19127"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/19127\/revisions"}],"predecessor-version":[{"id":19128,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/19127\/revisions\/19128"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=19127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=19127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=19127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}