Michigan’s Lume Cannabis To Acquire Skymint’s Remaining 56,000-Square-Foot Grow Facility
In a significant move within Michigan’s cannabis industry, Lume Cannabis Co is set to take over a large cannabis grow operation near Lansing, previously operated by Skymint. The transition comes as Skymint restructures, stepping away from cultivation to focus on its retail presence across the state.
Strategic Growth Amidst Industry Realignments
Lume, a leading force in the state’s cannabis sector, signed a letter of intent to buy the 56,000-square-foot facility in Dimondale’s Harvest Park, which is owned by Innovative Industrial Properties, reported Crain’s Detroit.
Skymint’s decision to cease operations there by March 1, aligns with its financial restructuring strategy following a challenging …