The hip-hop mogul has agreed to pay up to $185 million in a deal to acquire Cresco Labs Inc. and Columbia Care Inc.
The deal will also create the 鈥渨orld鈥檚 largest Black-owned cannabis company.
鈥淢y mission has always been to create opportunities for Black entrepreneurs in industries where we鈥檝e traditionally been denied access,鈥� Diddy, via press release.
The deal includes nine retail stores and three production facilities across New York, Massachusetts and Illinois.
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