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Choice Consolidation Corp. is a special purpose acquisition company (“SPAC”) targeting an acquisition of one or more cannabis businesses or assets that can create a best-in-class cannabis multi-state operator (“MSO”). We intend to search for businesses with a focus on cannabis cultivation, production, distribution, brands, manufacturing and/or retailing businesses in key limited license markets in the US.
Various categories of licenses are available to be acquired on accretive terms, and acquiring these assets across categories will allow for integration that we believe will improve margins and profitability. In addition, this fragmented, state-by-state licensing approach has resulted in significant white space and many small operators that may be good candidates for acquisition.
Joe Caltabiano, our Chief Executive Officer and director, co-founded Cresco Labs, one of the largest vertically integrated MSOs in the United States and served as its President until March 2020. During his tenure, he oversaw and grew Cresco Labs from a start-up to a multi-billion dollar company with annualized revenue of over $250 million and operations in nine key states.
The Choice management team and board of directors have a proven track record with more than 25 cannabis acquisitions completed over the past two years that have led to value creation for shareholders, and we are looking forward to building another scaled and profitable MSO; this time with an even deeper understanding of what it takes to generate excellent cultivation yields, streamlined manufacturing and a differentiated retail experience for patients and customers.View Investor Presentation
Choice Consolidation Corp.
55 West Monroe
Chicago, IL 60603
Gateway Investor Relations
Sean Mansouri or Cody Slach
Shawna Seldon McGregor
Odyssey Trust Company