CEO wants to buy Carbondale pot operation because it’s close to Aspen
An international pharmaceutical company has expressed interest in a local marijuana dispensary, cultivation facility and lab.
Easton Pharmaceuticals, Inc, has signed a letter of intent to lend funds to Cultiv8, LLC to purchase Doctor’s Garden in Carbondale, which is owned by Colorado Product Service, LLC, and was the first dispensary to open in the valley, grossing over $1 million in its first year.
Easton, which has offices in Toronto and Chicago and trades through OTC Markets Group, owns topically-delivered drugs and both therapeutic and cosmetic healthcare products focused on cancer and other health issues. Recently, they’ve ventured into the medical marijuana industry with a rough partnership agreement with California-based Medicated Markets International, which owns an innovative cannabis gel formulation.
Upon execution of a final closing agreement with Colorado Product Service, Easton intends to purchase a cultivation facility and lab that would supply the dispensary and wholesale market with marijuana and Easton’s infused product formulations within the state of Colorado.
“The purchase is a strategic acquisition of a marijuana dispensary in a beautiful mountain town off the only major highway providing winter access to Aspen, a popular ski resort and tourist destination,” Easton said in a news release.
James Leonard, co-owner of Doctor’s Garden, emphasized that it’s still early in the process.
“We’ll see where it goes. I don’t count my eggs before they’re hatched,” he said.
“This has been a dream career. It’s not something we’d give up lightly,” he added. “If this doesn’t go through, we’re super stoked to stay the Doctor’s Garden.”
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