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Las Vegas Grower To Pay $28M For Store

The deal includes the cash and assumption of $5 million in liabilities

A Las Vegas grower intends to pay $28 million in cash for a local marijuana store. GB Sciences wants to buy NevadaPure, which does business as Shango, near Boulder Station in east Las Vegas.

The deal includes the cash and assumption of $5 million in liabilities. GB Sciences will conduct due diligence for about a month to make sure the purchase follows regulations. The purchase would give GB new licenses for growing and selling marijuana, according to a March 28 statement. NevadaPure produces 350 pounds of dried cannabis a month from a 72,000-square-foot-building.

 

To Read The Rest Of This Article On Las Vegas Review-Journal, Click Here

 

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