MA Marijuana Retailer NETA Sold To National Company

BROOKLINE, MA — New England Treatment Access, which owns a medical marijuana dispensary in Brookline and a recreational shop in Northampton, has been sold to national marijuana company Surterra Wellness, pending approval by the Massachusetts Cannabis Control Commission and local approvals.

NETA, the Massachusetts-based cannabis company, announced Monday Surterra is set to acquire the business. Surterra has companies in Florida, Texas, and Nevada.

NETA's team of 450 will continue their operations in Massachusetts, according to a press release.

"We are thrilled to partner with NETA to expand health and wellness offerings to patients and customers in Massachusetts, which is anticipated to be one of the U.S.'s most rapidly growing markets," said Surterra Chief Executive Officer William "Beau" Wrigley, Jr. "Since 2009, NETA's founders have been recognized as pioneers and innovators in the cannabis industry. Their wide range of premium products, extraordinary service, diversity programs and strong community partnerships set them apart. Importantly, the acquisition of NETA was founded on our aligned set of values and reputable track records."

NETA's co-founder Kevin Fisher said the company was committed to meeting the obligations of our Brookline, Franklin and Northampton communities, according to a release.

Surterra provides medical, wellness and lifestyle cannabis products, providing access to more than 70 million residents across four states. The company grew from 100 to more than 550 employees in 2018.

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RELATED:

• Massachusetts Gets First Whiff Of Recreational Marijuana
• NETA's Next Move

Photo of Brookline location by Jenna Fisher/Patch Staff