NGC - Curaleaf Strengthens Presence In Germany Via New Cannabis Acquisition | Benzinga
Curaleaf Holdings, Inc. (TSX:CURA) (OTCQX:CURLF) announced Tuesday that it has signed a deal to acquire Northern Green Canada (NGC).
NGC is a Canadian licensed cannabis producer focused on expanding in the international market via its EU-GMP certification.
The company also partners with Canadian GACP cultivators to produce and distribute finished cannabis products to the domestic and global markets.
Why It Matters
Curaleaf highlighted in a press release NGC has been supplying high THC, non-irradiated flower to the German market.
Given NGC’s longstanding role as a key supplier to Curaleaf’s Four20 brand, this acquisition marks a significant milestone in Curaleaf’s expansion strategy, particularly in Europe.
The move follows Germany's recent partial legalization of cannabis which has shaken up the industry and moved marijuana stocks, leaving everyone wondering about a domino effect on other European countries.
See also: Curaleaf Reports Record Q4 Revenue Of $345M, Narrows Loss On Higher Sales, Growing Market Share
"By integrating NGC, Curaleaf can significantly increase its European margins while extending its ...