Core Insights - Curaleaf Holdings, Inc. has terminated its binding commitment to acquire The Cannabist Company's Virginia assets due to a competing bid that valued the assets at $130 million plus a $30 million lease liability, which was deemed to exceed the rational fair value [1] - The company expects to receive a break fee of $3.3 million upon cancellation of the original commitment [1] - Curaleaf will maintain an opportunistic and disciplined approach in its acquisition strategy moving forward [2] Company Overview - Curaleaf Holdings, Inc. is a leading international provider of consumer cannabis products, with a mission to enhance lives through the power of the plant [3] - The company is recognized for its high growth, quality, expertise, and reliability, offering a wide range of products and services across medical and adult-use markets [3] - Curaleaf operates a strong distribution network throughout Europe, Canada, and Australasia, integrating pioneering science and research with advanced cultivation, extraction, and production techniques [3]
Curaleaf Announces Termination of Equity Purchase Agreement with The Cannabist Company
Prnewswire·2025-12-19 12:45