Business

After investment, Healing Center to open six new medical marijuana dispensaries in Pennsylvania

By Julia Mericle and Mike Larson – Pittsburgh Business Times

FILE: Medical Marijuana Pittsburgh-based The Healing Center announced Wednesday that it has purchased a 50% equity interest in Agronomed Biologics, which will give it the ability to expand further in Pennsylvania. (Pittsburgh Business Times)

By Julia Mericle and Mike Larson – Pittsburgh Business Times

PITTSBURGH — Pittsburgh-based The Healing Center announced Wednesday that it has purchased a 50% equity interest in Agronomed Biologics, which will give it the ability to expand further in Pennsylvania.

Agronomed Biologics has permission to open a medical marijuana growing and processing facility and six dispensaries in the state as part of research efforts with Drexel University College of Medicine, according to a news release.

The Healing Center purchased its stake in Agronomed from the Franklin Group in Colorado. Chris Kohan, CEO and co-founder of the Healing Center, declined to say how much his business paid for the acquisition.

Read more from our news partners at he Pittsburgh Business Times.

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