Spherex acquires two Colorado cultivation facilities from Cannabist

Deal adds production assets to Spherex amid Colorado's consolidating cultivation sector.

FILE — cultivation · Cannabis Tours / CC BY-SA 4.0

Spherex has acquired two cultivation facilities from Cannabist, according to Cannabis Business Times. The transaction expands Spherex's production footprint in Colorado, where 589 cultivation licenses remain active as of early October. The move occurs against a backdrop of notable license attrition—at least 11 operators lost active status in early October alone, including producers like Livwell and Pueblo Wellness LLC.

The acquisition suggests continued appetite among larger operators to absorb cultivation assets in a maturing market. Colorado's retail sector remains substantial at 912 open stores, supported by manufacturing (304 licenses) and testing infrastructure (14 labs). June sales data showed the state generating roughly $0.30 billion in monthly cannabis revenue across tracked channels.

Watch whether Spherex consolidates operations at the acquired facilities or maintains dual operations, and monitor whether the acquisition triggers further supply-chain repositioning among Colorado producers.