01 / 15 / 2019
  - 10:03:47 AM
Surterra Wellness Announced Yesterday That The Cash And Stock Transaction To Acquire New England Treatment Access (NETA)

By MyFM's Rick Michaels - The company that operates a retail marijuana store in Northampton, a medical dispensary in Brookline and a cultivation facility in Franklin, has agreed to a deal to be acquired by a Georgia company. Surterra Wellness announced yesterday that the cash and stock transaction to acquire New England Treatment Access (NETA) – which must be approved by the Cannabis Control Commission would be "one of the largest acquisitions to date in the U.S. cannabis industry." In announcing the acquisition, Surterra said the NETA team "will continue their operations at all facilities, including the Franklin facility in Forge Park. Surterra describes itself as "one of the fastest growing health and wellness companies in the United States" and already has a presence in Florida, Texas and Nevada. The company said the acquisition of NETA reflects its "strategy to bring the industry's broadest portfolio of high-quality cannabis brands to patients and consumers across the U.S., to build out 

industry-leading operations and to expand upon a global platform." NETA's employees will have an opportunity to join in a shared vision to ascend to a leading global health and wellness company, with NETA co-founder Kevin Fisher saying in a statement. "we continue our commitment to providing NETA’S high quality products to our patients and customers in Massachusetts and to meeting the obligations of our Franklin, Brookline, and Northampton communities.

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