ACE Venture's Acquisition of Vireo Health: A New Era for Cannabis in New York

In a groundbreaking move, ACE Venture, LLC, a certified minority and women-owned business enterprise (MWBE) based in New York, has successfully completed its 51% acquisition of Vireo Health of New York. This partnership represents a significant step towards merging corporate efficiency with cultural authenticity in the cannabis market. The collaboration aims to establish a community-focused cannabis ecosystem that prioritizes shared values, innovative practices, and social equity.

Steven Acevedo, the founder and CEO of ACE Venture, expressed the intent behind the acquisition. "When I set out to find a partner, I was intentional - I needed alignment not just in business, but in values. This partnership with John Mazarakis and the Vireo team is built on a foundation of shared values and a commitment to creating something meaningful for New Yorkers."

With this acquisition, ACE Venture officially launches its unique house-of-brands, a platform designed for brands to thrive and belong. It emphasizes operational scalability, providing the tools and support needed for ambitious cannabis companies to reach their full potential. Vireo Health, which boasts a strong operational foundation and established medical cannabis license, provides the necessary infrastructure to support ACE Venture’s goals.

The strategic partnership aims to change the landscape of the cannabis industry. Acevedo noted, “Industries evolve, but every so often, worlds collide and everything changes. This is a moment for cannabis where corporate interests, cultural relevance, and community empowerment are coming together under one roof.”

Alongside the acquisition, ACE Venture introduced Boukét, its flagship cannabis lifestyle brand, inspired by the cultural heritage of Harlem. Boukét, derived from a historical term used during Prohibition to refer to cannabis, represents a lifestyle of intentional living that honors authenticity and personal rituals. The brand encourages individuals to appreciate their experiences and the communities that shape them rather than viewing cannabis merely as an escape.

Boukét's initial product offerings include premium indoor strains, pre-rolls, and limited