ATLANTA, Dec. 11, 2018 /PRNewswire/ — Surterra Wellness (Surterra), one of the fastest growing health and wellness companies in the United States (U.S.), today announced its expansion into Nevada and partnership with Las Vegas-based The Apothecary Shoppe, a premiere, vertically integrated cannabis company. The all-cash transaction allows Surterra to expand beyond Florida and Texas into a third market to offer its brands and to continue The Apothecary Shoppe’s commitment to providing natural, high-quality cannabis-based products to a growing market in Nevada.
“Adding The Apothecary Shoppe marks another milestone in our rapid expansion and our progress in becoming a global health and wellness company,” said Surterra Chief Executive Officer William “Beau” Wrigley, Jr. “Founded by a team of physicians, The Apothecary Shoppe reflects our commitment to bringing life enhancing products to individuals seeking the health, wellness or enjoyment benefits of cannabis. We look forward to adding their premium cannabis products and world class retail service and experience to those who live in, and the 40 million who visit, Las Vegas.”
Adding The Apothecary Shoppe to Surterra’s existing markets of Florida and Texas gives Surterra access to one of the most important cannabis markets in the world and significantly expanded access to consumers due to the Nevada’s adult use regulatory framework. Surterra is currently evaluating additional opportunities to expand in the Nevada market following the announcement. This transaction is subject to the State of Nevada Department of Taxation and local county regulatory approval.
“This partnership presents an extraordinary opportunity for Surterra to provide a best-in-class offering to Nevada customers from two trusted brands – The Apothecary Shoppe and Surterra,” said Dr. Nick Spirtos, CEO and Founder of The Apothecary Shoppe. “There is clear alignment with The Apothecary Shoppe’s values. We are excited that Surterra Wellness’s experience and brand savvy will accelerate the