Wednesday, July 17, 2019

Curaleaf acquires competitor Grassroots for $875M to expand local, national presence

Curaleaf Holdings Inc., a publicly traded cannabis business that operates four dispensaries in Maryland, has acquired another multi-state cannabis company with a local presence. Curaleaf (CSE: CURA) announced Wednesday it has signed an agreement to acquire Illinois-based GR Companies Inc., or “Grassroots.” The cash and stock deal is valued at approximately $875 million. The acquisition is expected to be finalized in early 2020 and has been unanimously approved by the boards of both companies. The…



from https://www.bizjournals.com/baltimore/news/2019/07/17/curaleaf-acquires-competitor-grassroots-for-875m.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/186357350667

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