Ascend Wellness Holdings, LLC entered into an agreement to acquire MOCA - Modern Cannabis for $21.4 million on August 25, 2020. Ascend Wellness Holdings is also announcing the final closing of its latest funding round at $68.2 million, of which $41 million is new capital that will be used to further the company's expansion of retail and grow operations. Ascend Wellness Holdings will pair MOCA with Illinois Supply & Provisions (IS&P) dispensaries which include the top performing retail outlet in the state in Collinsville. Ascend Wellness Holdings will keep the MOCA brand in place and operate both dispensaries as a separate brand. The transaction is subject to the approval from the Illinois Department of Financial and Professional Regulation. As of December 15, 2020, Illinois Department of Financial and Professional Regulation approved the transaction. The transaction is expected to close on December 28, 2020. Ascend Wellness Holdings, LLC completed the acquisition of MOCA - Modern Cannabis on December 23, 2020. Under the terms of agreement, Ascend Wellness paid consideration as cash $20 million, issued shares of 8.1 million, net of cash acquired $0.26 million and assumed liabilities of $0.3 million.