Curaleaf Expands New Jersey Adult-Use Sales to Edgewater Park Dispensary

Rhea-AI Summary

Curaleaf Holdings, Inc. is expanding adult-use cannabis sales to its Edgewater Park location in New Jersey, effective May 25, 2022. This follows the April launch at their Bellmawr dispensary. The Edgewater Park store, located at 4237 US-130, becomes the 13th dispensary in the state for adult-use sales. Curaleaf continues to prioritize medical patients by offering exclusive shopping hours and designated areas. With New Jersey's cannabis market expected to grow significantly, Curaleaf aims to enhance its customer base while supporting existing medical program users.

Positive

• Expansion of adult-use cannabis sales to Edgewater Park increases market presence.
• 14 dispensaries in total now serve adult-use customers in New Jersey.
• The commitment to medical patients with special access measures enhances customer loyalty.

Negative

• None.

Curaleaf began serving New Jersey adult-use customers at its Bellmawr location in April

WAKEFIELD, Mass., May 24, 2022 /PRNewswire/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, will begin adult-use sales at its Edgewater Park, New Jersey dispensary on May 25. Located at 4237 US-130, Curaleaf Edgewater Park is now the Company's second location to sell adult-use cannabis in the Garden State.

Curaleaf is dedicated to providing premium quality products and reliable retail experiences for adult-use customers while continuing to serve patients enrolled in the state's medical program. Curaleaf Edgewater Park will implement additional measures to prioritize licensed medical patients which includes access to private consultation areas, a secure online ordering system, exclusive checkout lines and designated parking spots. To optimize patient accessibility, the dispensary will also offer two medical-only shopping hours per day.

New Jersey is expected to be one of the largest cannabis markets in the country. Curaleaf Edgewater Park and Curaleaf Bellmawr are the Company's first locations to service recreational customers since the New Jersey Cannabis Regulatory Commission authorized adult-use sales in April.

"After a successful adult-use launch in April, we are thrilled to expand our adult-use footprint allowing us to serve even more New Jersey consumers," said Matt Darin, CEO of Curaleaf. "I'd like to thank the Town of Edgewater Park for their partnership and for so graciously welcoming us into the community. Curaleaf is committed to ensuring patients and consumers receive quality products and service as they embark on their cannabis journey."

Edgewater Park is now the 13th dispensary licensed to sell adult-use cannabis in the Garden State. For more information on Curaleaf's locations, patient resources and products in New Jersey, please visit www.curaleaf.com/dispensary/new-jersey.

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 22 states with 133 dispensaries, 26 cultivation sites, and employs over 5,700 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 introduction of adult-use sales at Curaleaf Edgewater Park. 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 March 9, 2022, 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 the significance of Curaleaf's expansion in New Jersey on May 25, 2022?

Curaleaf expands its adult-use cannabis sales to the Edgewater Park dispensary, increasing its footprint in New Jersey's lucrative cannabis market.

How many dispensaries does Curaleaf operate in New Jersey?

Curaleaf operates 14 dispensaries in New Jersey, including Edgewater Park and Bellmawr for adult-use sales.

What measures does Curaleaf have in place for medical patients at the Edgewater Park location?

Curaleaf offers private consultation areas, secure online ordering, exclusive checkout lines, and designated parking for medical patients.

How does Curaleaf's expansion in New Jersey impact its overall business strategy?

The expansion aligns with Curaleaf's strategy to increase market share in one of the largest cannabis markets in the U.S.

What is the expected growth of the cannabis market in New Jersey?

New Jersey is anticipated to become one of the largest cannabis markets in the country, presenting growth opportunities for companies like Curaleaf.