CURALEAF ANNOUNCES CLOSING OF $500 MILLION PRIVATE PLACEMENT OF 11.5% SENIOR SECURED NOTES DUE 2029

Core Viewpoint - Curaleaf Holdings, Inc. has successfully closed a private placement of $500 million in senior secured notes, which will support its global growth initiatives and enhance capital flexibility in the cannabis sector [1]. Group 1: Financial Details - The private placement consists of $500 million aggregate principal amount of 11.5% senior secured notes due February 18, 2029 [1]. - The company will use the net proceeds to support global growth initiatives and pay transaction fees and expenses [1]. - The notes were issued at 100% of face value and are senior secured obligations, payable semi-annually until maturity [1]. Group 2: Strategic Implications - The successful closing of this private placement is seen as a strong endorsement of Curaleaf's long-term strategy and vision [1]. - The company aims to accelerate its global expansion and capture strategic opportunities in the international cannabis market [1]. - The issuance marks a pivotal moment for the cannabis sector, indicating renewed institutional demand and confidence in long-term growth [1]. Group 3: Regulatory and Market Context - The notes were offered on a private placement basis in Canada and the United States, adhering to applicable securities laws [1]. - Seaport Global Securities, LLC acted as the lead placement agent, with ATB Cormark Capital Markets as the co-placement agent [1]. - The notes are subject to a customary four-month hold period under Canadian securities laws [1].