Curaleaf Completes Acquisition of Deseret Wellness

About this update from Curaleaf Holdings, Inc.

[{"type":"text","content":"\n \n \n \n Curaleaf Completes Acquisition of Deseret Wellness\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Transaction Bolsters Curaleaf's Presence in\n \n Utah\n \n as State's Largest Retail Operator\n \n \n \n \n \n NEW YORK\n \n \n ,\n \n \n April 10, 2023\n \n \n /CNW/ --\n \n Curaleaf Holdings, Inc.\n \n (CSE: CURA) (OTCQX: CURLF) (\"Curaleaf\" or the \"Company\"), a leading international provider of consumer cannabis products, today announced the completion of its previously announced acquisition of Deseret Wellness (\"\n \n Deseret\n \n \"), the largest cannabis retail operator in\n \n Utah\n \n (the \"Transaction\"). With the close of the Transaction, Curaleaf's retail footprint has increased to four dispensaries in\n \n Utah\n \n and 150 nationwide.\n \n \n \n Boris Jordan\n \n , Executive Chairman of Curaleaf, stated, \"\n \n Deseret\n \n is an excellent strategic fit for Curaleaf as we continue to expand our retail footprint in key emerging markets. This transaction enables to better serve\n \n Utah's\n \n rapidly expanding medical program, which recorded a record-breaking\n \n US$118.7 million\n \n in sales last year. On behalf of the Board of Directors and management team, I am pleased to officially welcome\n \n Deseret\n \n to the Curaleaf family.\"\n \n \n \n Matt Darin\n \n , CEO of Curaleaf, stated, \"We are excited to complete our acquisition of\n \n Deseret\n \n which bolsters Curaleaf's medical footprint in\n \n Utah\n \n with an attractive portfolio of retail assets.\n \n Utah\n \n represents an emerging market opportunity with long-term growth potential, and we look forward to serving an expanded base of\n \n Utah\n \n medical patients with high-quality cannabis products.\"\n \n \n The cash and stock transaction, valued at approximately\n \n US$20 million\n \n , includes three retail dispensaries located in the cities of\n \n Park City\n \n ,\n \n Provo\n \n and\n \n Payson\n \n with a combined annualized revenue run rate of\n \n US$14 million\n \n .\n \n \n \n About C...

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