Curaleaf Expects to Close the Acquisitions of Select Within Two Weeks and Grassroots Cannabis During the Spring

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Curaleaf
provides
update
on
acquisitions
of
Select,
Grassroots
and
ATG

WAKEFIELD,
Mass., Jan.
17,
2020 /PRNewswire/


Curaleaf
Holdings,
Inc.

(CSE:
CURA
/OTCQX: CURLF),
a
leading
vertically
integrated
cannabis
operator
in the
United
States,
today
provided
updates
on
the
acquisitions
of

Cura
Partners,
Inc.

(“Select”),

GR
Companies
Inc.

(“Grassroots”)
and
Alternative
Therapies
Group
(“ATG”):


  • Select 

    Curaleaf
    and
    Select
    have
    satisfied
    all
    requirements
    for
    closing
    the
    proposed
    acquisition
    of
    Select
    by
    Curaleaf
    except
    for
    the
    license
    transfer
    in Oregon.
    Both
    parties
    are
    working
    diligently
    with
    state
    regulators
    to
    acquire
    approval
    as
    soon
    as
    possible
    and
    expect
    to
    close
    no
    later
    than February
    1,
    2020.

  • Grassroots 

    Curaleaf
    and
    Grassroots
    have
    each
    submitted
    certifications
    of
    substantial
    compliance
    under
    the
    Hart-Scott-Rodino
    Antitrust
    Improvements
    Act
    of
    1976
    regarding
    the
    proposed
    acquisition
    of
    Grassroots.
    The
    transaction
    is
    expected
    to
    close
    in
    Spring
    of
    2020.

  • ATG
     –
    ATG
    has
    filed
    its
    application
    for
    change
    of
    control
    with
    the
    Massachusetts
    Cannabis
    Control
    Commission
    in
    relation
    to
    the
    transaction
    with
    Curaleaf.
    Curaleaf
    and
    ATG
    are
    working
    with
    regulators
    to
    secure
    approvals
    as
    soon
    as
    possible.


About
Curaleaf
Holdings

Curaleaf
Holdings,
Inc.
(CSE:
CURA)
(OTCQX: CURLF)
(“Curaleaf”)
is
a
leading
vertically
integrated
multi-state
cannabis
operator
in the
United
States.
It
is
a
high-growth
cannabis
company
with
a
national
brand
known
for
quality,
trust
and
reliability.
The
company
is
positioned
in
highly
populated,
limited
license
states,
and
currently
operates
in
12
states
with
52
dispensaries,
14
cultivation
sites
and
14
processing
sites.
Curaleaf
has
the
executive
expertise
and
research
and
development
capabilities
to
provide
leading
service,
selection,
and
accessibility
across
the
medical
and
adult-use
markets,
as
well
as
in
the
CBD
category
through
its
Curaleaf
Hemp
brand.


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press
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