Ayr Wellness Inc. closed its acquisition of Garden State Dispensary Sept. 15, snagging one of the state’s 12 existing vertically integrated cannabis business permits and one of its original six alternative treatment centers.
GSD has three open dispensaries in Woodbridge, Eatontown and Union, as well as approximately 30,000 square feet of operational cultivation and production facilities. An additional 75,000 square feet of cultivation is under construction.
The New Jersey Cannabis Regulatory Commission approved CSAC Acquisition NJ Corp., a wholly-owned Ayr subsidiary, to acquire 100% of the membership interests in GSD NJ LLC, on Sept. 14.