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Curaleaf Holdings, Inc. (CURLF) is a prominent international provider of consumer cannabis products, known for its mission to enhance lives by sharing and celebrating the power of the plant. It operates under various brands like Curaleaf, Select, Grassroots, JAMS, Find, and Zero Proof in the medical and adult-use markets. With operations in over 15 countries globally, Curaleaf focuses on quality, expertise, and accessibility in the cannabis industry.
Recently, Curaleaf announced a strategic acquisition of Northern Green Canada, a licensed Canadian cannabis producer with a focus on international market expansion. This move aligns with Curaleaf's vision of becoming a global cannabis company with a strong presence in North America, Europe, and Australasia. The acquisition of NGC provides Curaleaf with EU-GMP certification, enabling the company to strengthen its supply chain, improve margins, and extend its global footprint.
Under the leadership of Boris Jordan, Executive Chairman, and Matt Darin, CEO, Curaleaf continues to drive growth and innovation within the cannabis space. The company's commitment to delivering high-quality products and patient access remains a top priority in evolving markets and regulatory environments.
Curaleaf Holdings, Inc. (CURLF) has expanded the B NOBLE cannabis brand to six additional states, following its initial launch in Massachusetts and Maryland earlier this year. Now available in eight states, B NOBLE aims to promote social equity and support individuals affected by the War on Drugs, donating 10% of proceeds to local organizations. Founded with artist Fab 5 Freddy, the brand's mission stems from the case of Bernard Noble, who faced severe penalties for minimal cannabis possession. Curaleaf’s initiative aligns with its corporate social responsibility program focused on diversity and sustainability.
Curaleaf, a prominent cannabis provider, has launched Select Snooze Bites, combining THC and CBN in a 1:1 ratio for effective nighttime relief. This innovative product promises rapid absorption, with effects felt within 15-30 minutes. The growing demand for CBN products has reportedly generated $43 million in sales in key states. Select Snooze Bites will initially be available in Arizona and Nevada before expanding to California, Colorado, and others. Curaleaf operates 111 dispensaries across 23 states, emphasizing their commitment to enhancing consumer experiences.
Curaleaf has completed the acquisition of Los Sueños Farms, enhancing its outdoor cultivation capacity in Colorado by 66 acres. This acquisition positions Curaleaf as the largest cannabis biomass producer in the state, essential for supporting its wholesale and retail markets. With the Colorado cannabis market valued at $2.2 billion, this expansion aims to increase market presence and optimize production costs. Bob DeGabrielle will oversee operations, further expanding Curaleaf's capabilities and market offerings in one of the largest U.S. cannabis markets.
Curaleaf Holdings (CSE: CURA / OTCQX: CURLF), a prominent cannabis consumer products provider, will announce its third quarter financial results on November 8, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the operational and financial highlights. Interested parties can join via a live call or access a replay until November 15, 2021. Curaleaf operates in 23 U.S. states with over 5,000 employees and is also the largest vertically integrated cannabis company in Europe. For more details, visit Curaleaf's website.
Curaleaf announced the upcoming launch of Cliq by Select, a high-tech vaping hardware system designed to enhance user experience. This innovative product, a result of extensive R&D, will roll out in 16 states starting with Oregon, California, and Arizona next week. Cliq features a gravity-fed pod, durable stainless steel design, and USB-C charging. It offers customizable experiences with variable battery voltage and a range of cannabis oil varieties. Curaleaf operates in 23 states with a focus on providing quality products and services to consumers.
Curaleaf Holdings held its annual and special meeting of shareholders on September 9, 2021, where nine directors were elected, including Boris Jordan and Joseph Lusardi. The shareholders reappointed Antares Professional Corporation as the Company's auditor and approved an amendment to extend the dual-class share structure. The amendment allows for continued multiple voting shares until specific conditions are met, such as a transfer of shares by Mr. Jordan. The Company plans to file an alteration notice on September 10, 2021.
Curaleaf Holdings announced participation in several investor community conferences throughout September 2021. Notable events include the Beacon Securities Virtual Cannabis Conference on September 9, featuring Joseph Lusardi, and the Needham 2nd Virtual Cannabis Conference on September 14, with CEO Joe Bayern. Additionally, Executive Chairman Boris Jordan will participate in the BTIG Inaugural Cannabis Conference on September 29. Curaleaf is a leading cannabis provider, operating in 23 states with over 109 dispensaries and active in the European market.
Curaleaf Holdings expands its presence with the opening of Curaleaf Bordentown, its 109th dispensary nationwide and third in New Jersey. The new 9,546 square foot location aims to serve the growing local market, especially as adult-use cannabis regulations are anticipated soon. Additionally, the popular Select brand launches in New Jersey, increasing its reach to 19 states. Curaleaf plans to add over 200 jobs and has committed to community engagement through donations and volunteer work.
Curaleaf Holdings reported strong financial results for Q2 2021, showing revenue of $312 million, a 166% year-over-year increase. Adjusted EBITDA reached $84 million, reflecting a 201% growth compared to the previous year. The gross margin improved to 49.6%, attributed to higher yields and operational efficiencies. Despite a net loss of $7.2 million, down from $17.2 million in Q1, the company completed the acquisition of EMMAC, enhancing its European presence. Curaleaf aims to leverage market opportunities with expanded adult-use markets in the U.S.
Curaleaf Holdings, Inc. (CURA/CURLF), a leading cannabis provider, announced that Executive Chairman Boris Jordan will present at the Canaccord Genuity 41st Annual Growth Conference on August 10, 2021, at 9:00 am ET. The management team will also hold investor meetings during this event. Curaleaf operates in 23 states with 108 dispensaries and is known for its high-quality cannabis products, aiming to enhance consumer confidence.
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