In August, 2020, emerging cannabis and hemp-CBD holding company Pure Harvest Corporate Group, Inc. succeeded in acquiring Sofa King Medical Wellness Products, LLC (“SKM). The latter is a "vertically integrated cannabis company operating a dispensary, cultivation, and processing facility in Colorado. Founded in 2014, SKM opened a new dispensary in June 2020 which achieved massive growth in revenue over a very short period of time. Moreover, the retail space is state-of-the-art as it is "one of the only solar-powered dispensaries in the world."
Primary founder Neale Gibbons who has had twenty-plus years of experience as a cannabis and hemp operator was excited about the acquisition. In a press release, he stated: "This is a milestone for both entities and it provides a solid foundation from which we will look to scale both nationally and internationally."
Image Credit: Pure Harvest Corporate Group, Inc.