• Chicago Tribune avatar Chicago Tribune @chicagotribune
homenewschicagotribune

Ayr Wellness cannabis company buys Dispensary 33 in Chicago for $55 million

· Nov 22, 2021

A national cannabis company announced Monday an agreement to buy Chicago-based Dispensary 33 for $55 million.

Ayr Wellness would acquire two dispensaries in the deal, one in Andersonville and one on West Randolph Street in the West Loop.

Purchase consideration is expected to consist of $55 million upfront, including $12 million in cash, $3 million in seller’s notes and $40 million in stock.

Dispensary 33 was one of the most successful independent dispensaries left in Illinois before the deal.

Check back for more details.

Stronger Community

Connect With Us On Social Media

Also In Channel

Also In Section

A national cannabis company announced Monday an agreement to buy Chicago-based Dispensary 33 for $55 million.

Ayr Wellness would acquire two dispensaries in the deal, one in Andersonville and one on West Randolph Street in the West Loop.

Purchase consideration is expected to consist of $55 million upfront, including $12 million in cash, $3 million in seller’s notes and $40 million in stock.

Dispensary 33 was one of the most successful independent dispensaries left in Illinois before the deal.

Check back for more details.