As the Illinois cannabis market matures, companies are finding new homes. Recently, nuEra Cannabis announced its agreement to acquire Ieso, a licensed medical and adult-use cultivation facility located in Murphysboro, Illinois.
A family-owned and operated cannabis company and one of the original licensed operators in Illinois, nuEra’s acquisition coincides with the re-launch of the nuEra premium-product line featuring new flower strains, such as 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. One of only 20 full-scale cultivation licenses in Illinois, Ieso’s cultivation facility spans more than 36,000 square feet of canopy, reaching a maximum of 210,000 square feet of flowering canopy.
NuEra currently operates six retail locations throughout the state and has plans underway to expand its retail footprint with several new locations in 2023. The brand’s 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.
“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,” said Robert Fitzsimmons, CEO of nuEra Cannabis. “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.”
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