Curaleaf stock is down 5% today after Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) announced that its all-stock acquisition of extraction firm Cura Partners Inc is being downsized from its original valuation of $1 billion USD amidst changing market conditions.
Amended Acquisition TermsUnder the amended agreement, Cura shareholders are guaranteed 55 million shares in Curaleaf Holdings, which will account for about $284 million USD based on yesterday’s closing price of $5.17. Cura Partners, which is the parent company of CBD brand Select, reported $117.5 million USD in sales in 2018 and has been one of the fastest-growing private ...
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