Oregon Edibles Company Wyld to Acquire Grön   

Oregon-based cannabis edibles company Wyld is acquiring edibles
brand Grön with the deal set to close during the first quarter of the year.

In a statement, Wyld Founder and CEO Aaron Morris said the “acquisition is
about scaling a brand that’s already winning.”

“Grön has built exceptional products and a deeply trusted brand. Our goal
is to support its continued growth by pairing Grön’s creativity and
innovation with Wyld’s infrastructure, reach, and operational strength –
without compromising what makes Grön special.” — Morris in a press release

The companies noted there are no plans to change Grön products,
formulations, or brand identities, or to introduce co-branded or “a Wyld
company” packaging.

In a statement, Christine Apple, founder and CEO of Grön, said the two
companies “share the same values, the same standards, and the same
commitment to making exceptional edibles.”

“Grön was built with purpose from day one, rooted in quality, creativity,
and a deep respect for the people who choose our products,” Apple said.
“Joining forces with Wyld allows us to thoughtfully scale what we do best
while staying true to who we are.”

Wyld is currently available in 16 U.S. states and Canada, at about 7,500
retail locations throughout the regulated cannabis market. Grön currently
has 75 different products available across 9 U.S. states and Canada and is
available in close to 4,500 retail locations. The combined organization
will include approximately 1,400 employees, with roughly 1,100 at Wyld and
300 at Grön.

Financial terms of the deal were not disclosed.