Copperstate Farms expands its Arizona retail footprint with the acquisition of Goodness Growth Holdings’ Phoenix dispensary license
PHOENIX — Copperstate Farms Management, LLC, a vertically integrated cannabis operator based in Arizona, has finalized an agreement with Goodness Growth Holdings, Inc., to acquire management rights and control of its Phoenix dispensary license.
The $15 million sale agreement of Green Goods at 22041 N. 23rd Ave., includes remaining inventory and equipment, Phoenix dispensary property lease, and all revenue-producing contracts. The acquisition increases Copperstate Farms’ retail footprint to five dispensaries under the Sol Flower banner. The brand’s four other locations include a multi-use dispensary concept in Sun City, featuring a public-facing classroom and café, as well as two stores in Tempe, and one in Scottsdale.
“Sol Flower is known for its wide selection of quality, trusted cannabis products and knowledgeable retail team. We’re thrilled to bring this experience and high-level of service to the Deer Valley community,” commented Dan Hayden, Director of Retail Operations at Copperstate Farms.
Since its establishment in 2016, Copperstate Farms has focused on growing its market presence solely within Arizona. This has allowed the company to scale and diversify its product suites independently with a targeted approach.
“Our goal is to be the leading cannabis brand in Arizona, one that is recognized not only for our expansive cultivation, but also our award-winning brands and inviting dispensary environments,” stated Brad Kotansky, CFO at Copperstate Farms.
Copperstate Farms owns a 40-acre glass greenhouse operation in Snowflake, Arizona, with an additional 40 acres approved for cultivation buildout. The company is currently constructing a 35,000 square-foot fully automated manufacturing facility in Tempe and plans to launch a new line of cannabis products in December. For more information on Copperstate Farms, visit CopperstateFarms.com. For more information on Sol Flower dispensaries, visit LivewithSol.com.
About Copperstate Farms Management, LLC:
Established in 2016, Copperstate Farms Management, LLC, is a vertically integrated cannabis operator headquartered in Phoenix, Arizona. The company manages the licensed production and distribution of cannabis in the U.S. and operates a 1.7-million-square-foot greenhouse in Snowflake, Arizona. Copperstate Farms is the parent company of multiple product suites and the dispensary retail concept Sol Flower, which includes a public-facing café and wellness classroom. The multi-use dispensary brand has locations in Phoenix, Tempe, Scottsdale, and Sun City, Arizona.
Copperstate Farms is dedicated to bringing growth to the local and state economy through the hiring of local laborers, material suppliers, and contractors. For more information, visit CopperstateFarms.com.
About Sol Flower:
Sol Flower is a mixed-use dispensary concept established in 2019 by Copperstate Farms Management, LLC, a vertically integrated cannabis operator. Dedicated to building an inclusive community by empowering wellness for all, Sol Flower is a resource for both medical cannabis patients and the canna-curious. Sol Flower includes a public-facing classroom, café and lounge, and hosts educational courses with trusted, wellness experts. Sol Flower has five locations throughout Arizona including Phoenix, Scottsdale, Sun City, and two in Tempe. For more information, visit LivewithSol.com.
- Struggle between large, small growers over Ohio cannabis reformA Senate measure that would expand significantly the state’s medical marijuana system for businesses and patients got its second committee hearing Tuesday. The proposal is beginning to move as a different and more expansive recreational measure gathers signatures for next year’s ballot.
- Reps. Dave Joyce and Alexandria Ocasio-Cortez Introduce Legislation To Expunge Marijuana RecordsToday, Representatives Dave Joyce (R-OH) and Alexandria Ocasio-Cortez (D-NY) introduced legislation to incentivize state and local governments to expunge the criminal records of tens of millions of Americans who have previously been convicted of marijuana offenses.
- New Jersey Entrepreneurs bring social equity company REEForm to East CoastSocial justice in cannabis is a popular topic, but actual change is elusive. Two New Jersey cannabis entrepreneurs built a business around making a difference in their community. They’re trying to deliver on the promise of social equity in cannabis. On September 14, New Jerseyians gathered at the Doubletree Hilton in Newark to learn about…
- Head of NORML optimistic on cannabis banking through NDAAWhile defense bills don’t usually interest cannabis advocates, an amendment added by Representative Ed Perlmutter (D-CO) included the language of the SAFE Banking Act in the NDAA. With the standalone bill stalled in the Senate Banking Committee, an amendment to the “must-pass” legislation could be the key.
- Advocate responds to SD high court overturning adult-use cannabisSouth Dakota’s highest court sided with the state’s governor today in declaring an amendment legalizing cannabis invalid. Amendment A, which passed with 54% support, would have legalized cannabis for anyone over 21.
- Organizer says next steps on Ohio adult-use cannabis by month’s endOhio attorney Thomas Haren, a representative of the “Coalition to Regulate Marijuana Like Alcohol,” said he expects that enough signatures will be gathered to move a proposal forward that would allow for adult use, sale, and possession of marijuana in Ohio.
- Montana regulators will reverse proposed CBD, dispensary worker rulesThe Montana Department of Revenue told lawmakers this week that it will strike a pair of proposed rules implementing the state’s fledgling recreational marijuana program after hearing considerable input from members of the public, the cannabis industry and legislators who warned that the rules veered from the intent of House Bill 701, an act passed this session regulating the adult-use pot.
- Cannabis prices soar in Louisiana due to regulatory bottleneckA regulatory bottleneck in Louisiana’s medical marijuana supply chain has inflated costs far beyond the prices found in other states, according to industry experts who testified at the Louisiana Legislature’s Medical Marijuana Commission meeting Thursday.
- Critics say AZ ‘social equity’ program makes Big Cannabis even richer“This is a program that, as currently written, is designed to fail,” attorney Julie Gunnigle said to Arizona Mirror. Gunnigle up until recently worked for Arizona’s Chapter of NORML, an organization that pushes for the reform of marijuana laws across the United States.
- Bipartisan bill to reduce Wisconsin cannabis fines introducedWisconsin legislators are taking another crack at a bipartisan push to achieve cannabis reform in the state. A new piece of legislation, co-authored by Rep. Shae Sortwell (R-Gibson), Rep. Sylvia Ortiz-Valez (D-Milwaukee), Sen. Lena Taylor (D-Milwaukee) and Sen. Kathleen Bernier (R- Chippewa Falls), reduces existing penalties for cannabis possession.