Curaleaf Expects to Close the Acquisitions of Select Within Two Weeks and Grassroots Cannabis During the Spring

Curaleaf provides update on acquisitions of Select, Grassroots and ATG

WAKEFIELD, Mass., Jan. 17, 2020 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States, today provided updates on the acquisitions of Cura Partners, Inc. (“Select”), GR Companies Inc. (“Grassroots”) and Alternative Therapies Group (“ATG”):

  • Select – Curaleaf and Select have satisfied all requirements for closing the proposed acquisition of Select by Curaleaf except for the license transfer in Oregon. Both parties are working diligently with state regulators to acquire approval as soon as possible and expect to close no later than February 1, 2020.
  • Grassroots – Curaleaf and Grassroots have each submitted certifications of substantial compliance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding the proposed acquisition of Grassroots. The transaction is expected to close in Spring of 2020.
  • ATG – ATG has filed its application for change of control with the Massachusetts Cannabis Control Commission in relation to the transaction with Curaleaf. Curaleaf and ATG are working with regulators to secure approvals as soon as possible.

About Curaleaf Holdings
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf”) is a leading vertically integrated multi-state cannabis operator in the United States. It is a high-growth cannabis company with a national brand known for quality, trust and reliability. The company is positioned in highly populated, limited license states, and currently operates in 12 states with 52 dispensaries, 14 cultivation sites and 14 processing sites. Curaleaf has the executive expertise and research and development capabilities to provide leading service, selection, and accessibility across the medical and adult-use markets, as well as in the CBD category through its Curaleaf Hemp brand.

Original press release

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Published by NCV Newswire
NCV Newswire
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