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New York State Department of Health lets iAnthus Capital Holdings Inc. acquire Purchase-based Valley Agriceuticals LLC for $17 million.
Valley Agriceuticals LLC, a Purchase-based company that has conditional approval for a New York medical marijuana license, will be acquired by a New York and Toronto-based cannabis company that already operates in multiple states.
The state Health Department, which is overseeing the state’s medical marijuana program, will winnow 43 applicants down to five winners in July.