|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.27 - 7.45|
|52 Week Range||4.51 - 11.73|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Curaleaf and Select have satisfied all requirements for closing the proposed acquisition of Select by Curaleaf except for the license transfer in Oregon. Grassroots – Curaleaf and Grassroots have each submitted certifications of substantial compliance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding the proposed acquisition of Grassroots.
WAKEFIELD, Mass., Jan. 15, 2020 /CNW/ -- Curaleaf Holdings, Inc. (CSE:CURA.CN - News) (OTCQX:CURLF - News), a leading vertically integrated cannabis operator in the United States, today announced the upsizing and closing of a Senior Secured Term Loan Facility (the "Facility") from a syndicate of lenders totaling US$300 million. "We are pleased with the upsizing and closing of the deal at what we believe to be attractive terms," said Joseph Lusardi, Chief Executive Officer of Curaleaf.
WAKEFIELD, Mass. , Jan. 14, 2020 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States , today announced that it has received preliminary approval for a processing license by the Utah Department of Agriculture and Food ("UDAF"). The notice grants Curaleaf permission to begin the build out of its processing facility immediately, with final approval of Curaleaf's Tier 1 medical cannabis processing license imminent. This follows the UDAF's recently announced Notice of Intent to Award a medical pharmacy license to Curaleaf.
WAKEFIELD, Mass. , Jan. 13, 2020 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States , today announced its management will ...
Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) has won a medical cannabis retail license from the Utah Department of Health. The company has won one of 14 licenses to open a medical cannabis dispensary in Utah, from more than 130 applications and 60 different companies. The latets license is for Region 3, which includes Utah, Wasatch, Daggett, […]The post Curaleaf Secures Medical Cannabis Retail License in Utah appeared first on Market Exclusive.
WAKEFIELD, Mass., Jan. 6, 2020 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading vertically integrated cannabis operator in the United States, today announced that it has received a Notice of Intent to Award a medical cannabis retail license from the Utah Department of Health. "Curaleaf is proud to have been selected as a recipient of a medical retail license in Utah, and we look forward to bringing our premium products, services and expertise to medical patients there," said Joseph Lusardi, Chief Executive Officer of Curaleaf.
WAKEFIELD, Mass. , Jan. 3, 2020 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States , today announced that it has closed on the acquisition of the retail assets of Acres Cannabis ("Acres"). The acquisition consists of Acres' award-winning flagship dispensary in the heart of Las Vegas , adjacent to the Strip, and another dispensary in Ely, Nevada . Curaleaf's operations in Nevada now include two cultivation facilities, two processing sites and two dispensaries located in Las Vegas , with the retail location in Ely expected to open in the second quarter of 2020.
Following the final release of Opportunity Zone regulations on December 19, investors in cannabis dispensaries stand to benefit, some say.
(Bloomberg) -- Marijuana company Curaleaf Holdings Inc. has secured $275 million in financing, one of the first syndicated deals for the cannabis industry.The senior secured term loan comes as traditional banks have steered clear of pot-linked debt amid regulatory concerns. Curaleaf’s deal, mostly provided by a slate of U.S. institutional buyers including hedge funds and loan-only debt funds, is one of the most sizable financings the cannabis industry has seen in the U.S., according to Boris Jordan, Curaleaf’s executive chairman. One large European party is also taking part in the offering.“Most of the deals that have been done before have been family-office driven or also included equity warrants,” said Jordan. “This brings cannabis more to the mainstream debt markets.”Wakefield, Massachusetts-based Curaleaf -- the biggest U.S. marijuana company with market value of $2.7 billion -- interviewed roughly a dozen investment banks in August to serve as placement agent before narrowing the list down to three and ultimately selecting Seaport Global Securities LLC. A spokeswoman for Seaport declined to comment on the deal beyond Curaleaf’s statement.“We wanted to pick a bank that could get it done because we understand that we’re charting new territory,” Jordan said.The financing, priced at 13% and maturing in four years, will be used to refinance existing debt, pay transaction fees and expenses from previously announced acquisitions and to fund capital expenditures. About $150 million of the financing is provided by existing lenders, said Jordan, who declined to disclose the deal’s providers.The company initially targeted an interest rate of 10% to 12%, but had to sweeten terms after other industry deals priced at higher levels and included warrants, which give the holder the right to purchase equity, Jordan said. To compare, cannabis consumer packaged goods company Green Thumb Industries Inc. earlier this year issued $105 million in pot bonds with a 12% yield, along with warrants.In the direct lending market, cannabis and hemp accessories company KushCo Holdings Inc. priced a $50 million loan in August at 8.50 percentage points above Libor, and also included warrants.Curaleaf has tapped institutional financing before. In August 2018, it borrowed $85 million of senior secured debt at 15% from Cetus Investments Ltd., according to Sedar filings. It also completed a $6 million unsecured bridge in June 2017 with an 11% interest rate. Since May 2018, the company has closed a number of unsecured private-placement bridge financings, also with an 11% interest rate, filings show.In May, Curaleaf purchased the regulated pot business of Cura Partners Inc., which makes the Select brand of vapes. Two months later, it bought Grassroots Cannabis, mainly for its licenses in Illinois and Michigan, which recently legalized recreational weed. Both deals are expected to close early next year.Despite the high yield on the deal, Jordan said cash generation and the financing give the company enough capital to execute its growth strategy. He said Curaleaf expects to have $300 million of annual Ebitda for 2020.“This being the landmark debt deal will lead to other cannabis companies financing in the debt markets,” Jordan said.\--With assistance from Craig Giammona.To contact the reporter on this story: Kelsey Butler in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Natalie Harrison at email@example.com, Allan Lopez, Boris KorbyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Curaleaf has received commitments for the Facility from existing lenders as well as other United States based institutional investors. This transaction constitutes a broadly syndicated institutional deal led by sophisticated and long-term investors that have confidence in the cannabis industry and the Curaleaf team in particular.
WAKEFIELD, Mass. , Dec. 19, 2019 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States , today announced it has been granted final approval by the Massachusetts Cannabis Control Commission to open the first adult-use retail dispensary on Cape Cod . The retail store will be located at 170 Commercial Street in the heart of Provincetown. Curaleaf will work with the Commission to schedule post-final inspections and open the adult use location in early 2020.
WAKEFIELD, Mass. , Dec. 19, 2019 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States , today announced that it has received all regulatory approvals to close the acquisition of the retail assets of Acres Cannabis ("Acres"). The acquisition consists of one dispensary location in the heart of Las Vegas , adjacent to the Strip, and another in Ely, Nevada . The second dispensary in Ely, Nevada is expected to be completed in Q2 2020.
Tracy brings over 20 years of experience executing high profile public relations and corporate communications strategies for consumer brands, companies and executives. In partnership with the marketing team, Tracy will lead media relations, as well as external and internal communications for the company.
Curaleaf Appoints Joe Bayern President, Curaleaf Holdings, Inc., Expanding Executive Leadership Team as Company Continues to Grow
The annual list includes innovators, entrepreneurs, and leaders who have changed the global business landscape in measurable ways over the past year WAKEFIELD, Mass. , Dec. 4, 2019 /CNW/ -- Curaleaf Holdings, ...