“Chicago, IL – PRESS RELEASE – nuEra Cannabis, a family-owned and -operated cannabis company and one of the original licensed operators in Illinois, has announced its agreement to acquire ieso, a licensed medical and adult-use cultivation facility located in Murphysboro, Ill. With the acquisition of this cornerstone facility, nuEra continues its commitment to pioneering the Illinois cannabis market.
“We are excited to welcome Ieso to the nuEra family and look forward to expanding our business and improving Ieso’s cultivation infrastructure and operations. Our team has already collaborated with Ieso staff to enhance their processes, introduce new strains and cultivation techniques and make improvements to packaging and branding. Our focus remains on developing the Illinois market and providing the best products to our customers.” said Robert Fitzsimmons, CEO of nuEra Cannabis.
One of only 20 full-scale cultivation licenses in Illinois, Ieso’s cultivation facility spans over 36,000 square feet of canopy, reaching a maximum of 210,000 square feet of flowering canopy. This acquisition coincides with the relaunch of the nuEra premium product line featuring new flower strains like Cobra Milk, Fire Berries, and The Glove, as well as improved versions of popular strains such as Don Shula and Jungle Cake. The facility also boasts a fully operational extraction lab and an infusion operation producing a full range of products including vaporizers, concentrates, edibles, and more.
As an established operator in Illinois, nuEra has played an important role in the development of the state’s cannabis industry. Accompanied by the acquisition of the high-yielding cultivation facility, nuEra is poised to strengthen its industry leadership and continue expanding Illinois’ fledgling cannabis market. nuEra currently operates six retail locations throughout the state and has plans underway to expand its retail footprint, with several new locations to open their doors in 2023. nuEra’s brand portfolio includes nuEra, Interstate 420, and MidWeek Friday. The acquisition is expected to close in the coming months, subject to regulatory approval. Financial terms of the deal were not disclosed.”