Cannabis company Curaleaf Holdings said it’s buying Grassroots, giving Curaleaf a foothold on the burgeoning market in the Midwest and sending its stock soaring 15% Wednesday.
It’s called the Veterans Cannabis Project, and organizers say marijuana can offer solutions that other medications cannot.
Massachusetts-based cannabis grower and dispenser Curaleaf Holdings Inc. said it has made two more acquisitions in Arizona with a combined consideration of $25.5 million in cash and stock.
After a recent acquisition, Curaleaf Holdings (CURLF) CEO Joseph Lusardi believes his company is poised to take over the cannabis industry.
Last month, the Massachusetts-based company which bills itself as “most accessible cannabis company in the U.S.” acquired Oregon-based Cura Brands, which sells cannabis oil to retailers under the brand name Select, for $950 million.
Curaleaf has “the biggest brand on the East Coast,” Lusardi told Yahoo Finance recently. “And with the combination of Select, we’ll have the biggest adult use lifestyle brand in the country.”
Three numbers to start your day:
President Donald Trump Announced a New 5% Tariff
—on Mexican goods imported into the U.S. The tariff is set to start on June 10th and will gradually rise to 25 percent. That’s unless Mexico stops illegal immigration to the U.S.
Friday’s surprising move puts more pressure on the Federal Reserve. If the trade war causes economic weakness, the Fed, which sees itself as politically independent, could be forced to cut interest rates to soften the blow of the President’s policies. And that’s exactly what he has been asking for.
Following the passage of the US Farm Bill last year, new avenues have opened for both industrial hemp grow operations as well as development of additional hemp-based products and cultivation methods. Taking advantage of those loosened restrictions, Curaleaf Holdings, Inc. (CSE: CURA; OTCQX: CURLF) today announced a partnership with the University of Connecticut for hemp growth research.
Curaleaf Holdings Inc. a publicly traded East Coast cannabis grower and dispenser, has acquired the rights to operate the Emerald dispensary in Gilbert, whose license is held by Absolute Healthcare Inc., an Arizona nonprofit.
The dispensary will be rebranded as Curaleaf after the transaction closes, the company said in an announcement. The company now operates six dispensaries in Arizona.
PHOENIX (FOX 10) — For the first time, a custom pre-roll marijuana product is available at Curaleaf dispensaries and a portion of the proceeds support the Veterans Cannabis Project.
Dr. Sue Sisley, who conducted the first FDA-approved study on using cannabis for Post-Traumatic Stress Disorder in veterans, spoke at an event held at the dispensary near Central Ave. and Thomas Rd. on Wednesday.
Shares in Curaleaf, one of America’s largest cannabis companies, are surging on the announcement that the company is acquiring the leading West Coast cannabis oil manufacturer, Cura Partners, in an all-stock deal valued at about $950 million. Yahoo Finance’s Zack Guzman, Alexis Keenan & Sibile Marcellus discuss with Curaleaf CEO Joseph Lusardi.
America’s biggest cannabis retailer will become the world’s biggest legal seller, with a billion dollar merger announced this morning. Curaleaf Holdings (ticker: CURA.Canada or CURLF.OTC) will buy privately held Cura Partners, a West Coast wholesaler whose Select brand is the country’s best seller. Between them, the two companies did $205 million in revenue last year. That’s far more than any licensed seller in the world—including widely known Canadian outfits like Canopy Growth (CGC), whose 2018 sales were less than $120 million.