Skymint acquires 3Fifteen Cannabis, establishes dominant presence across Michigan 

Michigan’s largest medical and recreational license holder just got bigger. Skymint has completed its acquisition of 3Fifteen Cannabis from majority owner Merida Capital Holdings

The transaction gives Skymint a dominant presence in every major metro market in Michigan, with a combined retail portfolio of 29 operating locations. Another 15+ locations are expected to open in the next year. Skymint’s stores will expand to carry over 60+ brands and more than 250 products across all categories. 

The transaction provides Skymint with two indoor cultivation facilities with 77,000 total square feet. A third indoor cultivation facility is expected to come online this year to bring the total to 184,000 square feet. Alongside the expanded indoor cultivation facilities, the acquisition includes a 1,000-acre outdoor farm. 

In closing the transaction, Skymint appointed Mitch Baruchowitz, the CEO of Merida Capital Holdings, to its Board of Directors. 

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