Compton rapper Game just completed a huge marijuana deal, and it’s all legitimate.
The rapper’s dispensary business The Reserve in Santa Ana, California, was just acquired for a whopping $7 million.
Game bought a stake in The Reserve in August of 2016, with the intention of selling marijuana, oils, and other products, including his own line Trees by Game.
Yesterday (September 14), Game’s company was sold to a publicly traded company called Terra Tech.
Terra Tech is going to rebrand Game’s dispensary under a new name, “Blüm,” which is a franchise of dispensaries the company operates in California and Las Vegas.
Blum already has multiple locations and the addition of Game’s dispensary in Santa Ana helps the company expand into the California market, where they already operate a franchise in Oakland.
Although Terra Tech bought out Game’s ownership stock in the deal , Blüm will continue to carry his Trees by Game line.
Derek Peterson, CEO of Terra Tech, commented to AllHipHop.com in a statement:
“The Reserve has a reputation for first-rate, patient-focused customer service and is expected to generate steady cash flow to the Company,” Peterson said.”
“This represents another milestone in our M&A strategy to rapidly expand our retail operations without needing to invest significant time or funds into building dispensaries.,” Peterson continued. “We plan to use the successful blueprint from the Blüm Oakland dispensary to grow sales at the Reserve and, in due course, will re-brand the dispensary to Blüm, which is our recognized cannabis retail brand in Northern California and Nevada.”
Game recently launched his TreesByGame holding company, which he hopes will become the biggest cannabis brand in the world.