Curaleaf Announces Opening Of 48th Street Location In Phoenix, Arizona

Rhea-AI Summary

Curaleaf has announced the opening of its new dispensary, Curaleaf 48th Street, in Phoenix, Arizona, marking the company’s ninth location in the state and 112th nationwide. The facility, spanning 5,000 square feet, will operate seven days a week and create over 40 new jobs in the local economy. Following the legalization of adult-use cannabis in January, Curaleaf has reported an 80% increase in customer demand. The grand opening event is scheduled from December 3 to December 5, featuring promotional offers for first-time visitors.

Positive

• Opening of ninth dispensary in Arizona, 112th nationwide.
• Creation of over 40 new jobs in the local economy.
• Reported 80% increase in customer demand since adult-use legalization.
• Strategic location near major transport routes to attract customers.

Negative

• None.

Curaleaf 48^th Street is the company's ninth dispensary in the state and 112th nationwide

WAKEFIELD, Mass., Nov. 23, 2021 /PRNewswire/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, is pleased to announce that Curaleaf 48th Street in Phoenix, Arizona is now open. This marks the company's ninth dispensary in the state and 112th dispensary nationwide.

Located at 4730 South 48th Street, the new dispensary has approximately 5,000 square feet of space which includes room for product education, exploration and customer convenience. Curaleaf 48th Street will be open seven days a week from 8 a.m. to 10 p.m. and is strategically located off Interstate 10 on the city line of Phoenix and Tempe, near the Sky Harbor Airport. Curaleaf has additional locations in the Phoenix-Metro area including Camelback, Central, Midtown and Pavilions with additional dispensaries in Glendale and Gilbert. Curaleaf's Arizona operations currently employ over 600 people and, with the opening of 48th Street, over 40 new jobs will be added to the local economy. 

Curaleaf dispensaries offer a diverse portfolio of product offerings with a variety of local brands and product formats to choose from, including the company's eponymous cannabis brand. All nine Curaleaf dispensaries in Arizona also carry the full suite of esteemed products by Select, such as their new Cliq by Select vape system and Select Squeeze, an award-winning, fast-acting THC Beverage Enhancer.

"Curaleaf was one of the first operators to begin serving adult-use customers in January of this year after Proposition 207 was passed by majority vote. Since then, all eight Curaleaf dispensaries in Arizona have seen more than an 80% increase in customer demand," says Joe Bayern, CEO of Curaleaf. "Curaleaf's strategic expansion in Arizona will allow the company to better serve the state's existing medical market and the thriving adult-use market."

"I have had the privilege of serving Arizona's medical marijuana community since 2010, and I have been honored to be a part of the Curaleaf team since their operations launched here in 2018. Together we look forward to forging new connections in Phoenix, generating new economic opportunities and delivering exceptional retail experiences as this market continues to mature," said Steve Cottrell, President of Curaleaf Arizona.

Curaleaf Arizona is encouraging customers to participate in their annual community food drive called "Cans for Kush," an exchange program that benefits St. Mary's Food Bank with the goal of helping combat food insecurity in the area. To participate, guests are asked to bring 2 cans of food or non-perishable food items in exchange for a .25g Shortie Pre-Roll, 5 cans for a .5g Curaroll pre-roll, 10 cans for a 1g pre-roll and 25 cans will net patients a 5-pack of pre-rolls. Over nine tons of food were donated to the charity as a result of last year's food drive.

Patients and adults 21+ are also invited to celebrate the grand opening from Thursday, December 3^rd to Sunday, December 5^th, in which first-time visitors will be offered an incredible buy-one-get-one 50% off promotion on all products, as well as unique doorbusters from more than 15 cannabis brands.

For more information about Curaleaf's retail locations, please visit curaleaf.com/locations.

About Curaleaf Holdings
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to improve lives by providing clarity around cannabis and confidence around consumption. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf and Select, provide industry-leading service, product selection and accessibility across the medical and adult-use markets. In the United States, Curaleaf currently operates in 23 states with 112 dispensaries, 25 cultivation sites, and employs over 5,200 team members. Curaleaf International is the largest vertically integrated cannabis company in Europe with a unique supply and distribution network throughout the European market, bringing together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Canadian Securities Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.

Forward Looking Statements
This media advisory contains forward–looking statements and forward–looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or, "proposed", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward–looking statements and information concerning the opening of the Curaleaf 48^th Street dispensary. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed April 28, 2021, which is available under the Company's SEDAR profile at http://www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward looking statements contained in this press release. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release. 

INVESTOR CONTACT 
Curaleaf Holdings, Inc. 
Investor Relations
IR@curaleaf.com

MEDIA CONTACT
Curaleaf Holdings, Inc. 
Tracy Brady, VP Corporate Communications
media@curaleaf.com

 

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SOURCE Curaleaf Holdings, Inc.

FAQ

What is significant about Curaleaf's 48th Street dispensary opening?

Curaleaf's 48th Street dispensary marks the company's ninth location in Arizona and 112th nationwide, demonstrating its expansion in the cannabis market.

When does the grand opening for Curaleaf's new dispensary occur?

The grand opening of Curaleaf's 48th Street dispensary is scheduled from December 3 to December 5, 2021.

How many jobs will the new Curaleaf dispensary create?

The opening of Curaleaf 48th Street will create over 40 new jobs in the Phoenix area.

What promotions are offered during the grand opening of Curaleaf 48th Street?

First-time visitors to Curaleaf's new dispensary will receive a buy-one-get-one 50% off promotion on all products.

What was the impact of adult-use cannabis legalization on Curaleaf's Arizona locations?

Since the legalization of adult-use cannabis in Arizona, Curaleaf has experienced more than an 80% increase in customer demand across its eight existing dispensaries.