Receives state regulatory approval from the New York Cannabis Control Board to transition to adult-use operations

The New York Cannabis Control Board has approved Etain, LLC’s (the “Company”) transition to an adult-use operator with cultivation, processing, distribution, and retail operations.

Since submitting its adult-use application to the CCB, the Company has proactively engaged with policymakers, community stakeholders, and industry members, including dispensary owners, to ensure a smooth transition as the state opens New York’s adult-use market to new operators. The Company will now be able to provide its assortment of products, including high-quality flower, pre-rolls, vapes, and edibles, to the adult-use market as well as maintain its medical operations. In addition to expanding into adult-use wholesale operations, the Company anticipates opening its first co-located medical and adult-use retail dispensary in early 2024, followed by two additional co-located adult-use retail dispensaries on or around July 1, 2024.

For more information, read the full press release.