New England Treatment Access, one of the first two Massachusetts companies to open a retail marijuana store east of the Mississippi River has been acquired by an Atlanta firm.
NETA, which grows and produces cannabis products in Franklin and opened its Northampton dispensary for retail sales in November, was acquired by Surterra Wellness, which bills itself as one of the fastest growing health and wellness firms in the country.
Terms of the transaction were not disclosed, but Surterra said the cash and stock transaction is one of the largest to date in the U.S. cannabis industry. Surterra said it raised over $200 million in 2018, but did not specifically say how much money was used for the deal.
Acquiring the established NETA brand now gives Surterra its fourth significant cannabis…