11 Cloud Cannabis dispensaries acquired in 1st major marijuana M&A deal of year – Green Market Report

This story was republished with permission from Crain’s Detroit and written by Dustin Walsh

Mount Pleasant-based cannabis company Stash Ventures has acquired the dispensaries of Troy-based Cloud Cannabis Co. in what is the first notable acquisition in the sector of 2024.

Financial terms of the deal, which closed late last month, were not disclosed.

Under the deal, Stash Ventures takes control of Cloud’s 11 dispensaries in Michigan — Ann Arbor, Detroit, Muskegon, Traverse City, two in Grand Rapids, Utica, Gaylord, New Baltimore, Cedar Springs and Kalamazoo.

The dispensaries will continue to operate under the Cloud Cannabis name to preserve Cloud’s “already well-established market position,” Stash Ventures said in a press release.

Stash Ventures already operates three dispensaries in Michigan under the Timber Cannabis Co. name in Mount Pleasant, Owosso and Sturgis.

The acquisition of Cloud also gives Stash Ventures the ability to more widely distribute its High Minded and High Minded Creations marijuana products in Southeast Michigan. The company also operates a grow and processing operation in Sturgis.

“Growing our investment in the State of Michigan is important to us, and we’re proud to be able to do this with such a well-established brand like Cloud Cannabis,” Scott Moorehead, CEO of

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