The Massachusetts-based cannabis MSO (multi-state organization) Curaleaf Holdings, Inc. (OTCMKTS: CURLF) has completed its acquisition of Cura Partners. Cura Partners in Oregon owns and operates 53 dispensaries and the brand of cannabis known as Select. The deal closed at $400 million, according to Oregon Live.
According to Oregon Live, Cura was the largest cannabis business in the state of Oregon, reaching a reported $118 million in sales. This new acquisition could prove to present CURLF as an attractive stock option for investors moving forward, as many such businesses have reported significant losses in recent memory.
“This deal is a major milestone in Curaleaf’s history, marking an unprecedented phase of growth for the company,” said Joseph Lusardi, CEO of Curaleaf.