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Purchase-based Valley Agriceuticals receives medical marijuana license, acquisition approval

New York State Department of Health lets iAnthus Capital Holdings Inc. acquire Purchase-based Valley Agriceuticals LLC for $17 million.

Purchase-based medical marijuana company Valley Agriceuticals acquired 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.

Purchase company vies for medical marijuana license

The state Health Department, which is overseeing the state’s medical marijuana program, will winnow 43 applicants down to five winners in July.