nuEra Cannabis Becomes a Vertically Integrated Illinois Powerhouse with Ieso Acquisition
CHICAGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- nuEra Cannabis (“nuEra” or “the Company”), a leading Illinois cannabis retailer, has marked a significant expansion milestone by becoming a fully vertically integrated player with the closing of its strategic acquisition of Ieso , which holds one of only 20 full-scale cultivation licenses in the state.
- CHICAGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- nuEra Cannabis (“nuEra” or “the Company”), a leading Illinois cannabis retailer, has marked a significant expansion milestone by becoming a fully vertically integrated player with the closing of its strategic acquisition of Ieso , which holds one of only 20 full-scale cultivation licenses in the state.
- Privately owned nuEra has grown and established itself as a top player in Illinois, the third-largest cannabis market in the country.
- Contrastingly, publicly traded companies in the cannabis space have reeled from low stock prices and unfavorable credit markets over the last year.
- In a bold move underscoring its growth trajectory, nuEra has also announced plans to open a new dispensary in DeKalb, Illinois, by spring 2024 .