JARS Cannabis has acquired Euflora, a premier collective of boutique recreational marijuana dispensaries in Colorado. With the addition of one greenhouse and six recreational storefronts to its portfolio, the strategic move further solidifies JARS Cannabis’ position as a leading purveyor of affordable and accessible cannabis products in the nation’s second and third-largest cannabis markets.
“We are pleased to announce that JARS Cannabis has successfully completed the acquisition of Euflora, said JARS Cannabis Managing Partner Scott Rybicki. “As a pioneer that has been shaping the Colorado cannabis market since 2014, Euflora established a reputation for innovation and customer satisfaction over the past eight years. With this acquisition, we look forward to leveraging our teams’ strengths to build upon that legacy and introduce new experiences to the Colorado cannabis community and beyond.”
Increasing retail operations to include a total of 26 storefronts, JARS Cannabis is positioned to serve over 700,000 customers in three markets across the U.S., including Arizona, Colorado and Michigan.
Transaction highlights and benefits include:
- A combined workforce of over 780 employees.
- A combined loyalty base of more than 700,000 customers.
- Addition of six recreational storefronts, increasing retail portfolio to 26 storefronts nationwide.
- One 7,200-square-foot greenhouse
- Expanded product availability and offerings to feature a combination of over 250 brands and over 6,000 product SKUs across various categories and price points.
In celebration of the completed acquisition, JARS Cannabis invites customers and surrounding neighbors to attend a grand opening event and ribbon-cutting ceremony commencing at JARS Southlands in Aurora, Colo., on Tuesday, March 21, 2023. Community-focused, the cannabis retailer is eager to immerse itself in the Aurora, Colo., community and looks forward to establishing partnerships with local organizations that will enable JARS to give back and support community development initiatives.
John Kenny from Taft Stettinius & Hollister LLP acted as legal counsel to both JARS Cannabis and Euflora on the transaction.
