Standard Wellness today announced the acquisition of GreenBud, which operates as Greenstock, a licensed dispensary in Seville, Ohio. The acquisition brings Standard Wellness's total number of operating dispensaries in Ohio to four. This transaction, which is valued at $1.35 million, has been approved by the company's regulators.
The strategic acquisition of Greenstock aligns with Standard Wellness's growth strategy. With the new Seville location, the company is now operating in four key markets across Ohio, with plans to add four more dispensaries over the next 12 to 18 months.
"We are excited to welcome the Greenstock team and their customers to the Standard Wellness family," said Jared Maloof, CEO of Standard Wellness. "This acquisition is a significant step in our strategic plan to expand our retail footprint and better serve the Ohio community. The Greenstock dispensary has a strong reputation for customer service, and we look forward to building on that foundation as we continue to grow. We are excited to announce that a drive-thru is currently under construction and will be available to the public in the very near future."
