C21 Investments purchases Oregon dispensary company

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The Vancouver-based company acquires the parent company of Pure Green Dispensary

Last Friday, C21 Investments, Inc., an investment company traded on the Canadian Stock Exchange under the ticker symbol CXXI, announced in a press release that it had completed the acquisition of Megawood Enterprises, Inc. That acquisition included all of the assets of Megawood, including the Pure Green Dispensary in Portland, OR.

Pure Green is a retail dispensary that has been in operation since January 2014. It provides both medical and recreational products out of its 3,000-square-foot property, which was once the site of the state’s first post-prohibition liquor store. The value of the acquisition was not announced.

According to C21 President and CEO Robert Cheney, “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. Pure Green has an enviable reputation and we want to replicate its success throughout our operations.”

Meghan Walstatter added, “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. 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 a strong emphasis on product knowledge to an ever-expanding audience.”

Matt Walstatter further commented, “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. We’re impressed by the dynamic combination of brands and personalities that comprise the C21 Investments family.”