Highway Cannabis Company has acquired Pleasantrees, a Michigan-based, vertically integrated cannabis operator with five retail locations and a large-scale cultivation and processing facility. The transaction expands Highway’s retail footprint from three to eight stores and marks its entrance into one of the fastest-growing cannabis markets in the U.S.

The financing for the acquisition was led by KEY Investment Partners LLC, a private equity firm focused on the North American cannabis sector. Jordan Youkilis will be joining the Board of Directors as an Observer.

“This acquisition marks an important milestone in our growth strategy,” said Chris Colón, CEO and Founder of Highway Cannabis Company. “Michigan represents a dynamic and mature market where brand, quality, and consumer experience truly matter. By combining Pleasantrees’ strong local foundation with Highway’s retail expertise, we’re positioned to elevate the standard for cannabis retail and create meaningful value for our customers, employees, and investors alike.”

“This acquisition represents a pivotal step for both companies,” said Jordan Youkilis, Founding Partner at KEY Investment Partners. “While many operators have avoided competitive markets like California and Michigan, Highway has demonstrated that disciplined, scalable retail operations can thrive. The limited presence of multi-state operators in these regions creates compelling opportunities to acquire additional stores at attractive valuations.”

For more information:
Highway Cannabis Company
Email: [email protected]
highwaycannabis.com/