CURLF - Curaleaf Boosts International Presence With Another Cannabis Acquisition | Benzinga
Cannabis giant Curaleaf Holdings, Inc. (TSX:CURA) (OTCQX:CURLF) is closing its previously announced acquisition of Northern Green Canada, a vertically integrated Canadian licensed cannabis producer focused primarily on expanding in the international market through its EU-GMP certification.
Terms of the acquisition of NGC include an initial payment at closing of the company’s subordinate voting shares valued at approximately $16 million, subject to a typical post-closing adjustment.
In addition, an earnout may also be paid in 2025 based upon the 2024 performance of NGC’s operations, up to 50% of which will be cash and the rest paid in additional subordinate voting shares.
Why It Matters
The deal boosts Curaleaf's strategic advantage in established European markets including Germany, Poland and the United Kingdom while providing ...