Cresco Labs Acquires Pennsylvania Clinical Registrant Laurel Harvest

Century City – Paul Hastings LLP, a leading global law firm, represented vertically integrated multistate cannabis operator and leading wholesaler of branded cannabis products, Cresco Labs, in its acquisition of Laurel Harvest Labs, LLC, for approximately US$80 million.

The transaction will add an operational dispensary with the ability to open five other dispensaries across Pennsylvania, approximately 52,000 sq. ft. of cultivation space, and approximately 52,000 sq. ft. of indoor grow/processing space.

The Paul Hastings team was led by M&A partners Sean Monroe and Samuel Waxman, and also included partner Jim Smulkowski and associates Irina Dykhne and Kristen Casey.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.