A major New York-based cannabis firm announced plans Tuesday to acquire one of Chicago’s only independent dispensaries and an outstanding pot shop license owed to the current operators.

AWH, which has operations to grow and sell weed across five states, detailed the pending takeover of Midway Dispensary in Vittum Park just three days before the shop’s owners were expected to petition the Zoning Board of Appeals to open their second location in the South Loop.

However, Midway on Tuesday abruptly withdrew its application to start selling weed at 1420 S. Michigan Ave. amid news of the acquisition and stiff opposition from both community members and local Ald. Pat Dowell (3rd). The neighbors most notably complained that the proposed location was just outside a city-mandated buffer zone from Old St. Mary’s School, a Catholic elementary school.