"This is a transformational deal, which will significantly accelerate Cresco Labs' growth in California, while providing a launchpad for the combined company to develop and distribute best in class brands across the country," said Charlie Bachtell, CEO and Co-founder of Cresco Labs. "We are very pleased that our groups were able to mutually develop elegant solutions enabling this very important transaction to progress toward closing. Origin House has successfully built the premier cannabis distribution platform (Continuum) in one of the largest cannabis markets in the world. Distribution in California is of utmost importance and a material position in the California market is a requirement for a cannabis industry leader.