Wednesday Journal 101718

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W E D N E S D A Y

October 17, 2018 Vol. 39, No. 12 ONE DOLLAR @oakpark @wednesdayjournal

JOURNAL

WATC H I N G ‘A M E R I C A T O M E ’ E P I S O D E VIII, PAGE 11

of Oak Park and River Forest

Oak Park’s PharmaCann to be sold for $682 million Medical cannabis biz chaired by local entrepreneur Stephen Schuler By TIMOTHY INKLEBARGER Staff Reporter

ALEXA ROGALS/Staff Photographer

Stem sells

Isla Rynn, 2, of Riverside, picks out little pumpkins last Saturday, during the weekly Oak Park Farmers Market in the Pilgrim Congregational Church UCC parking lot on Lake Street. More photos on page 16.

RF approves controversial development Trustees unanimously favor Senior Lifestyle facility at Chicago and Harlem By NONA TEPPER Staff Reporter

River Forest trustees voted unanimously to approve an application to build a controversial senior care facility at the intersection of Chicago and Harlem av-

enues at their Oct. 15 meeting, saying the tax proceeds will benefit the entire village, that it fills a lifestyle need in River Forest and more. “Being asked to choose between a development who wants to invest in the village and homeowners who have al-

ready invested in our village, the basic choice appears like one or the other,” Trustee Michael Gibbs told an audience of about 60 residents. “But we represent hundreds of homeowners and River ForSee SENIOR LIFESTYLE on page 14

Oak Parker Stephen Schuler made national headlines on Oct. 11 with the announcement that medical cannabis company MedMen has entered into an agreement to purchase the Oak Park-based PharmaCann LLC for $682 million. Schuler is the lead investor and has served as executive director of the company’s board of directors. The news comes only a few weeks after the Los Angeles-based MedMen announced its plan to purchase the local medical cannabis dispensary Seven Point, 1132 Lake St. The PharmaCann deal is one of the biggest in the history of the cannabis industry. “This is a transformative acquisition that will create the largest U.S. cannabis company in the world’s largest cannabis market,” MedMen chief executive officer Adam Bierman said in a press release announcing the deal. The deal is notable in Oak Park not only because of the numbers involved but also because of its connection to local entrepreneur and philanthropist Stephen Schuler, who along with his wife, Mary Jo Schuler, have donated to variSee PHARMACANN on page 14

Rose K. Goedert

Early Childhood Education Center

Openings Available! CallK.708.714.9150 or email preschool@dom.edu Rose Goedert

Early Childhood Education Center


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