2023-04-17 15:17:05 ET
- Curaleaf ( OTCPK:CURLF ) shares are 7% higher Monday after the New Jersey Cannabis Regulatory Commission reversed an earlier decision and has now approved the multi-state operator's adult-use license renewal.
- In previously deciding not to approve the renewals, Curaleaf ( OTCPK:CURLF ) said the agency ignored its own staff recommendation and the company had no pending violations.
- The company will provide the body with additional information regarding its labor practices and affirm its compliance with state law.
- On Friday, two members of the commission voted against the renewal , one voted for, and two abstained.
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Curaleaf jumps 7% on New Jersey cannabis board adult-use license reversal