Denver’s Green Jane Inc., a provider of product, business acceleration services and real estate to the cannabis industry, has acquired Fort Collins-based carbon-dioxide equipment firm Green CO2, the companies announced Thursday.
Financial terms of the deal between the two privately held firms were undisclosed.
Green CO2 provides CO2 equipment and filling services for restaurants and has expanded the service into the cannabis industry for indoor grow operations, said Andy Obermueller, a Green Jane spokesman.
“(Green CO2) is our prototypical acquisition. It’s an existing business that’s already operating and already profitable,” he said. “It had great potential to grow, and it diversified us a little bit out of the cannabis space. … It’s always good to have a few eggs in a few different baskets, and Green CO2’s a fantastic basket.”
Green CO2’s operation will remain in Fort Collins, and Green Jane has added six employees, bringing the workforce to about 24 people, he said.
Green CO2 is the first acquisition for Green Jane, which was founded last year. More are in the pipeline, Obermueller said.
“We want to invest $100 million or more to grow Green Jane into a billion-dollar enterprise,” he said.