[PRESS RELEASE] – DENVER, March 3, 2026 – Verdant Capital Partners entered into a definitive agreement to acquire the retail operations of Native Roots, consisting of 17 cannabis dispensaries located in Colorado. Native Roots is one of the longest-operating cannabis dispensary operators in the United States, having been established in 2009.
The transaction provides a path forward for the Native Roots retail business and positions the platform for continued operations under new ownership, subject to customary regulatory approvals.
Verdant Capital Partners was formed by experienced cannabis operators and investors focused on acquiring and operating regulated retail cannabis assets.
"We appreciate the work that has gone into reaching this agreement and look forward to completing the transaction following regulatory approval,” Verdant CEO Julian Michalowski said. “Our focus is on operating compliant, well-run retail businesses and supporting the employees and communities they serve."
Native Roots CEO Jonathan Boord said, "We believe this transaction represents a constructive outcome for the company and its retail employees and provides a clear path forward for the business."
Josh Ginsberg, one of Verdant's principals, said, "As a founder of Native Roots, I am extremely proud of the growth the company has achieved over the last 17 years. This transaction will enable Native Roots to achieve even greater success."
Verdant was advised by Gordian Group LLC, and by law firms Blank Rome LLP and Hughes Hubbard & Reed LLP.
The transaction is subject to regulatory approval of license transfers and other customary closing conditions.
