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Curaleaf Enters into an Equity Purchase Agreement for the Virginia Assets of The Cannabist Company
Prnewswire· 2025-12-02 13:00
Core Insights - Curaleaf Holdings, Inc. has announced a binding commitment to acquire The Cannabist Company's Virginia assets, which include a cultivation facility and five retail dispensaries, with plans to open one additional dispensary [1] - The transaction is expected to close in the first quarter of 2026, pending the fulfillment of closing conditions [1] - A 15 business day go-shop period is in place, ending on December 22, 2025, during which competing bids can be accepted [1] - If a competing bid is accepted or if The Cannabist fails to secure noteholder consent, Curaleaf will receive a break-up fee of $3.3 million and associated expenses up to $350,000 [1] Company Overview - Curaleaf is a leading international provider of consumer cannabis products, focusing on enhancing lives through the power of the plant [2] - The company operates under various brands, including Curaleaf, Select, Grassroots, Find, Anthem, and The Hemp Company, and is known for quality and reliability in the cannabis market [2] - Curaleaf has a strong presence across the supply chain and operates a unique distribution network in Europe, Canada, and Australasia [2]