Standard Wellness Expands Its Presence in Ohio with Greenstock Acquisition

Standard Wellness Expands Its Ohio Dispensary Footprint

In a significant move for the Ohio cannabis market, Standard Wellness Holdings, LLC has officially announced its acquisition of Greenstock, a licensed dispensary located in Seville, Ohio. This acquisition represents a strategic growth initiative for Standard Wellness, which now boasts a total of four operational dispensaries across the state.

The financial terms of the acquisition amount to $1.35 million, a deal that has already received approval from relevant regulatory bodies. This move is not just about increasing numbers; it is a strategic step to enhance Standard Wellness's foothold in a rapidly expanding market. The addition of the Seville location allows the company to reach more patients and provide them with greater access to high-quality cannabis products.

Jared Maloof, the CEO of Standard Wellness, expressed enthusiasm about the acquisition. He stated, "We are excited to welcome the Greenstock team and their customers to the Standard Wellness family." This acquisition is seen as a pivotal part of the company's broader strategy to expand its retail presence. He further highlighted the strong reputation of Greenstock for customer service and emphasized their intention to build upon that legacy.

Notably, Greenstock is set to enhance its offerings further, with a drive-thru currently under construction, which promises to provide additional convenience for customers. This initiative reflects Standard Wellness's ongoing commitment to accessibility and service within the community.

The acquisition of Greenstock is part of a larger vision, as Standard Wellness has plans to introduce four more dispensaries in Ohio within the next twelve to eighteen months. This ambitious expansion is aligned with their mission to provide safe, legal access to cannabis products while improving patients' quality of life through enhanced options.

Founded in 2017, Standard Wellness has established itself as a pioneering player in the cannabis industry, not only in Ohio but also in Missouri and Utah. The company's operational footprint extends beyond dispensaries; they also engage in cultivation and processing activities. Their significance in Ohio is marked by milestones such as facilitating the first legal sale of marijuana through their dispensary, The Forest Sandusky, highlighting their role in the state's cannabis history.

Standard Wellness also operates under The Forest brand, which has seven retail locations offering a variety of cannabis products. With a dedicated team of approximately 325 employees, the company prioritizes providing safe and legal access to both medical and recreational cannabis, demonstrating its commitment to the health and wellness of the community.

Through its expansion efforts and strategic acquisitions like that of Greenstock, Standard Wellness is not just growing in numbers but is actively contributing to shaping the future of the cannabis industry in Ohio. As they prepare for further expansion, both the company and its clients can look forward to the enhanced services and quality of care that these new dispensaries are set to offer.

As Standard Wellness continues to grow, it remains focused on its core mission to lead in the cannabis industry while improving quality of life for its customers. With ambitious plans on the horizon, the Ohio cannabis market is set to witness even further developments as Standard Wellness expands its footprint today and in the coming months.