A deal announced today is yet another sign of the trend towards consolidation in the maturing Colorado cannabis market. Denver Relief, the “home of Bio-Diesel” and an institution in the Baker neighborhood, is selling its vertically-integrated medical and recreational dispensary to focus on its burgeoning consulting business, Denver Relief Consulting. Denver Relief’s ownership includes Ean Seeb and Kayvan Khalatbari, both of whom serve on the National Cannabis Industry Association Board of Directors and whom have been leaders in the state’s cannabis industry, and Nick Hice, who has headed cultivation for the company.
The buyer is Terrapin Care Station, which didn’t disclose the terms of the transaction. Terrapin operates two recreational stores in Aurora and a medical and a recreational store in Boulder. Denver Relief fielded many offers but selected Terrapin as the best fit due to the advocacy of Terrapin President Chris Woods.
Read Alicia Wallace’s and Ricardo Baca’s “Terrapin Care Station buys Denver Relief’s marijuana shop in central Denver”: http://www.thecannabist.co/2016/07/21/terrapin-care-station-denver-relief-marijuana-colorado/58991/