Business
CURALEAF ANNOUNCES AGREEMENT TO ACQUIRE NATURAL REMEDY PATIENT CENTER IN ARIZONA
CURALEAF ANNOUNCES AGREEMENT TO ACQUIRE NATURAL REMEDY PATIENT CENTER IN ARIZONA ...
About this update from Curaleaf Holdings, Inc.
[{"type":"text","content":"\n \n \n \n CURALEAF ANNOUNCES AGREEMENT TO ACQUIRE NATURAL REMEDY PATIENT CENTER IN ARIZONA\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Curaleaf continues its\n \n Arizona\n \n expansion, adding tenth dispensary in the state\n \n \n \n \n WAKEFIELD, Mass.\n \n ,\n \n Dec. 23, 2021\n \n /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) (\"Curaleaf\" or the \"Company\"), a leading international provider of consumer products in cannabis, today announced that it has entered into a definitive agreement to acquire Natural Remedy Patient Center, LLC (\"Natural Remedy\"), a\n \n Safford, Arizona\n \n dispensary, in a cash and stock transaction valued at approximately\n \n US$13 million\n \n (the \"Transaction\"). The Transaction is expected to close in\n \n January 2022\n \n , subject to customary approvals and conditions. Upon close, this transaction will increase the Company's retail footprint to 118 dispensaries across the country.\n \n \n In mid-2022, Curaleaf intends to relocate the\n \n Safford\n \n retail store to a new, flagship 9,000 square foot dispensary located at 16277 N. Greenway\n \n Hayden Loop\n \n ,\n \n Scottsdale, Arizona\n \n . Curaleaf's new\n \n Scottsdale\n \n dispensary will be one of just five in the city and will be strategically located at the highly trafficked intersection of Frank Lloyd Wright Boulevard and N. Greenway\n \n Hayden Loop\n \n in the Scottsdale Airpark. Curaleaf will continue to operate and serve patients and consumers from the\n \n Safford\n \n dispensary until the\n \n Scottsdale\n \n relocation is complete. After the close of the Company's previously announced acquisition of Tryke Companies, which is expected in the second half of 2022, Curaleaf's retail footprint in\n \n Arizona\n \n will increase to 12 dispensaries.\n \n \n \n Joseph Bayern\n \n , CEO of Curaleaf, stated, \"\n \n Arizona\n \n remains an important expansion market for Curaleaf, and we are excited to add our tenth retail dispensary in the state. We are also looking forward to relocating this dispensary...