The deal is now official, as iAnthus Capital Holdings, Inc. has closed on its acquisition of MPX Bioceutical Corporation.
The combined company now has operations in 11 states which includes 63 retail locations and 15 cultivation/processing facilities.
MPX was recently awarded an Alternative Treatment Center license to open a dispensary in Atlantic City and a cultivation center in Galloway. The dispensary location is being challenged by Compassionate Care Foundation in Egg Harbor Township, which plans on opening a satellite dispensary in June, just blocks away from the proposed MPX location.
The acquisition of MPX give iAnthus added retail and/or production capabilities in Arizona, Maryland, Nevada, California, Massachusetts and New Jersey. These additional licenses complement iAnthus’ existing assets in New York, Florida, Massachusetts, Vermont, Colorado, and New Mexico enabling the company to reach more than 121 million potential customers.