Date: September 30, 2023
Client: Choice Labs
Sale to: Glorious Cannabis Company
Industry: Cannabis
Houlihan Capital (Chicago, IL) acted as the exclusive financial advisor on the sale of Choice Labs Holding Co, LLC (“Choice Labs”) to multi-state operator, Glorious Cannabis Company. The transaction closed on September 30, 2023.
Headquartered on a 10-acre campus in Jackson, MI, Choice Labs is a licensed processor of medical and adult-use (recreational) cannabis. The business was founded by Wes Lutz in 2017 and has grown to become one of the largest cannabis processors in the state of Michigan. Choice’s brands include CHOICE, Crude Boys, Drip, Cannabis PM, Quantum Energy, and Mojo Chocolates.
Houlihan Capital represented and advised the owners of Choice Labs as it conducted a comprehensive process to identify and initiate discussions with strategic and financial acquirers.
For more information on this transaction, please contact:
Andy Smith
President
asmith@houlihancapital.com
Connor Fabian
Senior Associate
cfabian@houlihancapital.com
