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Curaleaf Celebrates Miami North Biscayne Dispensary Opening

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Curaleaf Holdings announced the opening of its Miami North Biscayne dispensary, marking its 62nd location in Florida and 146th nationwide. The dispensary, located at 2250 NE 163rd St. Suite 1, North Miami Beach, FL, opened to licensed medical patients on May 21 and will operate daily with varying hours. A grand opening is scheduled for June 1, featuring a ribbon-cutting ceremony and exclusive deals. The new store will offer a wide range of products, including Grassroots craft flower and Select Briq vapes, with plans to introduce new items pending regulatory approval. Curaleaf's loyalty program allows patients to earn points on purchases, redeemable for future savings.

Positive
  • Opening of 146th location nationwide, expanding footprint.
  • 62 dispensaries in Florida, signifying strong market presence.
  • Broad product range including Grassroots craft flower and Select Briq vapes.
  • New products pending regulatory approval, indicating growth potential.
  • Loyalty program offering savings and rewards for regular customers.
Negative
  • No specific financial data provided to assess immediate impact.
  • Pending regulatory approval for new products, which could delay introduction.
  • Increased operational costs associated with new location openings.

New North Miami Beach location expands the Company's retail presence to 62 locations in Florida and 146 nationwide

NEW YORK, May 22, 2024 /PRNewswire/ -- Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced the opening of Curaleaf Miami North Biscayne, located at 2250 NE 163rd St. Suite 1, North Miami Beach, FL 33160. The location marks the Company's 62nd dispensary in Florida and 146th nationwide.

Conveniently situated near Florida's largest urban park, Oleta River State Park, and North Miami Beach, Curaleaf's newest retail location opened its doors to licensed medical patients on May 21. The dispensary will operate from 9:00 a.m. to 8:30 p.m. ET Monday through Saturday and 10:00 a.m. to 7:00 p.m. ET on Sunday. Curaleaf Miami North Biscayne will celebrate its grand opening on June 1 with a ribbon-cutting ceremony at 9:00 a.m. ET, followed by festivities throughout the day, including exclusive doorbuster deals and giveaways.

"With a presence now in South and North Miami Beach, we are thrilled to be expanding our ability to serve the growing community of patients in this vibrant area," said Matt Darin, CEO of Curaleaf. "Our newest dispensary in the Sunshine State is our seventh store in the Miami area. We'll offer a diverse range of top-quality products and brands, in addition to the educational resources and exceptional service our patients have come to trust. Momentum for cannabis in Florida is at an all-time high, with Measure 3 on the ballot this Fall, and strong bipartisan support for adult-use cannabis across the state. We're proud to support #YesOn3!"

Curaleaf Miami North Biscayne will feature the Company's premium suite of products, including Grassroots craft flower and pre-rolls, Select Briq all-in-one vape and Liquid Diamonds. Pending regulatory approval, the Company also expects to debut a range of new products in the coming months, across categories including tinctures, edibles and more.

Patients can access products conveniently through delivery while earning loyalty points for every dollar spent through the Company's refreshed loyalty program. Loyalty points earned can be redeemed for savings on future purchases made at Curaleaf Miami North Biscayne or any other Curaleaf-operated dispensary. Patients can monitor their rewards program progress, order their favorite products, and receive exclusive updates on new products and discounts all through Curaleaf's mobile app.

For more information on Curaleaf's locations, patient resources, and products in Florida, please visit https://curaleaf.com/dispensary/florida.

About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, JAMS, Find and Zero Proof provide industry-leading service, product selection and accessibility across the medical and adult use markets. 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 Toronto Stock 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 new Miami North Biscayne 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 on March 6, 2024, 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 Toronto Stock Exchange has not reviewed, approved or disapproved the content of this news release.

Contacts:

Investor Contact:
Curaleaf Holdings, Inc.
Camilo Lyon, Chief Investment Officer
IR@curaleaf.com

Media Contact: 
Curaleaf Holdings, Inc.
Tracy Brady, SVP Corporate Communications
media@curaleaf.com

Cision View original content:https://www.prnewswire.com/news-releases/curaleaf-celebrates-miami-north-biscayne-dispensary-opening-302152134.html

SOURCE Curaleaf Holdings, Inc.

FAQ

When did Curaleaf Miami North Biscayne dispensary open?

The Curaleaf Miami North Biscayne dispensary opened on May 21, 2024.

Where is the Curaleaf Miami North Biscayne dispensary located?

The Curaleaf Miami North Biscayne dispensary is located at 2250 NE 163rd St. Suite 1, North Miami Beach, FL 33160.

What are the operating hours of Curaleaf Miami North Biscayne?

The dispensary operates from 9:00 a.m. to 8:30 p.m. ET Monday through Saturday and 10:00 a.m. to 7:00 p.m. ET on Sunday.

What products are available at Curaleaf Miami North Biscayne?

The dispensary offers Grassroots craft flower, Select Briq all-in-one vapes, Liquid Diamonds, and plans to introduce tinctures, edibles, and more pending regulatory approval.

How can patients earn loyalty points at Curaleaf Miami North Biscayne?

Patients earn loyalty points for every dollar spent, which can be redeemed for savings on future purchases at Curaleaf Miami North Biscayne or any other Curaleaf dispensary.

When is the grand opening of Curaleaf Miami North Biscayne?

The grand opening of Curaleaf Miami North Biscayne is on June 1, 2024.

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