Cresco and Columbia Care call off $2 billion cannabis megamerger; Sean ‘Diddy’ Combs deal also scratched
The companies cited “evolving” market conditions that include falling stock prices, tightening credit and flattening industry sales in the maturing cannabis market.
Chicago-based Cresco Labs and Columbia Care called off their $2 billion cannabis megamerger Monday, citing evolving market conditions that include falling stock prices, tightening credit and flatteni…