VANCOUVER, January 25, 2019 – PRESS RELEASE – C21 Investments Inc. has announced that it has closed the transaction to acquire 100 percent of Megawood Enterprises Inc., which is the owner of the Pure Green Dispensary in Portland, Ore. Pure Green is a 3,000-square-foot retail dispensary and has been operating since January 2014 as a local retailer for both medical and recreational products.
“The co-founders of Pure Green, Meghan and Matt Walstatter, will continue to work with the C21 Investments team on the expansion of the company’s retail network throughout Oregon,” said Robert Cheney, president and CEO of C21 Investments. “Pure Green has an enviable reputation and we want to replicate its success throughout our operations.”
“We’ve seen a lot of changes in the cannabis industry and Matt and I believe joining the C21 Investments team will elevate our brand and further our capabilities,” said Meghan Walstatter. “We want to continue to provide Oregon’s medical patients and recreational customers with affordable, quality cannabis. The resources of C21 Investments will allow us to bring our community-oriented approach to customer service and strong emphasis on product knowledge to an ever-expanding audience."
"Pure Green understands the Oregon canna-businesses, and we knew it was time to become part of something larger and C21 Investments is the perfect fit,” said Matt Walstatter. “We're impressed by the dynamic combination of brands and personalities that comprise the C21 Investments family."
