PITTSBURGH — Pittsburgh-based The Healing Center announced Wednesday that it has purchased a 50% equity interest in Agronomed Biologics, which will give it the ability to expand further in Pennsylvania.
Agronomed Biologics has permission to open a medical marijuana growing and processing facility and six dispensaries in the state as part of research efforts with Drexel University College of Medicine, according to a news release.
The Healing Center purchased its stake in Agronomed from the Franklin Group in Colorado. Chris Kohan, CEO and co-founder of the Healing Center, declined to say how much his business paid for the acquisition.
Read more from our news partners at he Pittsburgh Business Times.
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