The Healing Center announced 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.
Kohan said that the growing and processing facility, as well as the first dispensary, will be built just outside Philadelphia in Chester.
After that, two more dispensaries will be coming to southeastern Pennsylvania and three more in the southwest part of the state.