Green Leaf Medical

Green Leaf Medical, LLC, stylized as gLeaf, was a vertically integrated multi-state cannabis operator that established a significant presence in the mid-Atlantic region of the United States. Founded in 2014 by brothers Philip and Kevin Goldberg, the company was born from their identification of a burgeoning market opportunity as Maryland moved to license cannabis cultivation, extraction, and retail. Philip Goldberg, with a background in building successful businesses in business development, operations, and marketing, served as CEO. His brother, Kevin Goldberg, a lawyer with over 25 years of experience, acted as General Counsel and President, leveraging his legal expertise to navigate the complex regulatory landscape of the cannabis industry.

The company's business model was centered on controlling the entire production process from "seed to sale," ensuring high-quality, laboratory-tested cannabis products for its patients. gLeaf operated cultivation and production facilities, as well as dispensaries, serving both medical and, where permissible, adult-use customers. Its revenue was generated through the cultivation, processing, and retail of a diverse product line that included flower, pre-rolls, vape cartridges, edibles, tinctures, and concentrates. The company operated primarily in Maryland, Pennsylvania, Ohio, and Virginia, securing a reputation as a major wholesaler with products sold in numerous dispensaries across these states. In Virginia, for example, it operated an 82,000-square-foot cultivation and production facility in Richmond and offered a robust home delivery service.

A pivotal moment in the company's history occurred in June 2021, when it was acquired by Columbia Care, a larger multi-state operator, for approximately $240 million in a cash-and-stock deal. This acquisition was a strategic move for Columbia Care to solidify its market leadership in the mid-Atlantic. At the time of the acquisition, gLeaf had around 500 employees, 400,000 square feet of cultivation space, three extraction labs, and ten dispensary licenses. Following the acquisition, the gLeaf brand continued to operate under the umbrella of The Cannabist Company, and Philip Goldberg joined Columbia Care's Board of Directors, ensuring continuity of the vision he and his brother had established.

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