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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 has successfully completed the acquisition of Deseret Wellness, the largest cannabis retail operator in Utah, enhancing its strategic position in the state. The cash and stock transaction, valued at approximately US$20 million, adds three retail dispensaries in Park City, Provo, and Payson to Curaleaf's existing footprint, bringing its total to four in Utah and 150 nationwide. This acquisition aligns with Curaleaf's goal to expand its presence in emerging markets, capitalizing on Utah's rapidly growing medical cannabis program that generated US$118.7 million in sales last year. The newly acquired dispensaries are projected to generate an annualized revenue run rate of US$14 million, positioning Curaleaf for long-term growth.
Curaleaf Holdings, a leading cannabis provider, has announced a definitive agreement to acquire Deseret Wellness, Utah's largest cannabis retail operator, for approximately US$20 million. This acquisition is expected to enhance Curaleaf's retail presence in Utah, expanding its footprint to four dispensaries in the state and 150 nationwide. Deseret Wellness, which operates three dispensaries in Park City, Provo, and Payson, has an annualized revenue run rate of US$14 million. The deal represents a significant change of ownership in Utah's cannabis market and aims to improve access to high-quality cannabis products for medical patients.
Curaleaf Holdings, Inc. (CURLF) has launched JAMS, a new cannabis edibles brand, in Florida, with an upcoming release in Arizona and plans to expand to more states. JAMS offers a variety of products, including jellies, fast-acting jellies, chocos, and tarts, designed for both new and experienced cannabis consumers. Each product is crafted with innovative delivery technologies, ensuring consistency and efficacy. The edibles market is growing, and JAMS aims to satisfy the increasing consumer demand for flavorful and reliable cannabis products. Curaleaf operates in 19 states with 147 dispensaries, employing nearly 5,500 team members across the U.S.
Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) announced a delay in its fourth quarter and full year earnings release, initially set for March 28, 2023. The company requires additional time to transition three years of financials from IFRS to U.S. GAAP and review various accounting matters. Curaleaf expects to file its financial statements by April, adhering to the required securities laws deadlines. Operating in 19 states with 147 dispensaries and nearly 5,500 employees, Curaleaf aims to provide clarity and confidence in cannabis consumption.
Curaleaf Holdings announced the expansion of its partnership with B NOBLE, a Black-owned cannabis brand, into Florida. Products will be available at Curaleaf's 58 dispensaries statewide. Founded by Fab 5 Freddy, B NOBLE focuses on social equity and aims to support job opportunities through GreenBook Academy, donating 10% of sales to this cause. B NOBLE will launch with products like Lady Madonna and PB Souffle strains. Curaleaf's CEO, Matt Darin, emphasized Florida's growing market, while GreenBook Academy's founder, Noemi Perez, highlighted the importance of inclusivity in the cannabis industry. Curaleaf operates in 19 states with nearly 5,500 employees.
Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) will announce its fourth quarter and fiscal year 2022 financial results on March 28, 2023, before market open. The company plans to conduct a conference call at 8:30 a.m. ET for discussing operational and financial highlights, followed by a Q&A session. Curaleaf operates 147 dispensaries across 19 states in the U.S. and is a leader in the cannabis industry, focusing on consumer product clarity and confidence.
Curaleaf Holdings, operating in Connecticut, has initiated adult-use cannabis sales at its Hartford dispensary starting March 1, 2023. This marks the first adult-use dispensary in Hartford and follows similar sales launched in Stamford earlier this year. Curaleaf aims to enhance consumer experience by providing diverse product offerings and a revamped loyalty rewards program. Existing medical patients will benefit from priority access and dedicated services. The company plans to expand its adult-use services further, pending regulatory approvals, reinforcing its commitment to serving both medical and adult-use markets in Connecticut.
Curaleaf Holdings, Inc. (CSE: CURA; OTCQX: CURLF) announces the opening of its first dispensary in Stamford, Connecticut, which will begin adult-use cannabis sales on January 28, 2023, at 10:00 a.m. This new location expands Curaleaf's footprint in Connecticut, where it already serves medical patients at three other dispensaries. To celebrate the launch, the Stamford dispensary will host festivities including product discounts and giveaways. The company aims to maintain quality care for its medical patients while welcoming adult-use consumers. Curaleaf operates in 19 states, with 147 dispensaries and nearly 5,500 employees, positioning itself strongly in the cannabis market.
Curaleaf Holdings (CURLF) is streamlining operations by closing most facilities in California, Colorado, and Oregon, aiming to enhance cash flow and profitability. The company anticipates a 10% workforce reduction, targeting gross run-rate savings of $60 million, surpassing initial goals. Despite these states contributing less than $50 million in revenue last year, Curaleaf believes these measures will boost adjusted EBITDA margins and free cash flow, projected to exceed $125 million in 2023. CEO Matt Darin emphasizes the need for improved margins and cash generation in core markets, stating these strategic moves are essential for the company's future success.
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