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Curaleaf Holdings, Inc. reports developments across its consumer cannabis business, including retail dispensary openings, medical and adult-use product brands, quarterly operating results, and international expansion. The company trades on the Toronto Stock Exchange as CURA and on OTCQX as CURLF.
Recurring updates cover brands such as Curaleaf, Select, Grassroots, Find, Dark Heart, Anthem, and Four 20 Pharma; U.S. dispensary activity; medical cannabis distribution in Germany and other international markets; share repurchase activity; board and shareholder matters; and regulatory topics affecting cannabis operations.
Curaleaf Holdings has launched sales of whole flower cannabis in New York starting today in its Newburgh dispensary, with sales at additional locations commencing tomorrow. This move marks a significant expansion in product offerings, enabling patients access to whole flower for the first time. Curaleaf plans to supply wholesale partners across the state by the end of the month, strengthening its market position. CEO Joe Bayern expressed gratitude toward state officials and emphasized readiness for robust sales in New York.
Curaleaf expands its co-branded Rolling Stone by Select cannabis product line into California, Arizona, and Massachusetts in early 2022. This follows its successful launch in Nevada and aims to enhance product accessibility linking music and cannabis. The new offerings include three vape products: 'Overdrive' Sativa, 'Phaser' Hybrid, and 'Reverb' Indica, utilizing Select's premium cannabis oil and innovative Cliq pod system. Curaleaf operates across 23 states with a commitment to high-quality cannabis, enhancing consumer experiences.
Curaleaf Holdings, Inc. (CURLF) has expanded the B NOBLE cannabis brand to six additional states, following its initial launch in Massachusetts and Maryland earlier this year. Now available in eight states, B NOBLE aims to promote social equity and support individuals affected by the War on Drugs, donating 10% of proceeds to local organizations. Founded with artist Fab 5 Freddy, the brand's mission stems from the case of Bernard Noble, who faced severe penalties for minimal cannabis possession. Curaleaf’s initiative aligns with its corporate social responsibility program focused on diversity and sustainability.
Curaleaf, a prominent cannabis provider, has launched Select Snooze Bites, combining THC and CBN in a 1:1 ratio for effective nighttime relief. This innovative product promises rapid absorption, with effects felt within 15-30 minutes. The growing demand for CBN products has reportedly generated $43 million in sales in key states. Select Snooze Bites will initially be available in Arizona and Nevada before expanding to California, Colorado, and others. Curaleaf operates 111 dispensaries across 23 states, emphasizing their commitment to enhancing consumer experiences.
Curaleaf has completed the acquisition of Los Sueños Farms, enhancing its outdoor cultivation capacity in Colorado by 66 acres. This acquisition positions Curaleaf as the largest cannabis biomass producer in the state, essential for supporting its wholesale and retail markets. With the Colorado cannabis market valued at $2.2 billion, this expansion aims to increase market presence and optimize production costs. Bob DeGabrielle will oversee operations, further expanding Curaleaf's capabilities and market offerings in one of the largest U.S. cannabis markets.
Curaleaf Holdings (CSE: CURA / OTCQX: CURLF), a prominent cannabis consumer products provider, will announce its third quarter financial results on November 8, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the operational and financial highlights. Interested parties can join via a live call or access a replay until November 15, 2021. Curaleaf operates in 23 U.S. states with over 5,000 employees and is also the largest vertically integrated cannabis company in Europe. For more details, visit Curaleaf's website.
Curaleaf announced the upcoming launch of Cliq by Select, a high-tech vaping hardware system designed to enhance user experience. This innovative product, a result of extensive R&D, will roll out in 16 states starting with Oregon, California, and Arizona next week. Cliq features a gravity-fed pod, durable stainless steel design, and USB-C charging. It offers customizable experiences with variable battery voltage and a range of cannabis oil varieties. Curaleaf operates in 23 states with a focus on providing quality products and services to consumers.
Curaleaf Holdings held its annual and special meeting of shareholders on September 9, 2021, where nine directors were elected, including Boris Jordan and Joseph Lusardi. The shareholders reappointed Antares Professional Corporation as the Company's auditor and approved an amendment to extend the dual-class share structure. The amendment allows for continued multiple voting shares until specific conditions are met, such as a transfer of shares by Mr. Jordan. The Company plans to file an alteration notice on September 10, 2021.
Curaleaf Holdings announced participation in several investor community conferences throughout September 2021. Notable events include the Beacon Securities Virtual Cannabis Conference on September 9, featuring Joseph Lusardi, and the Needham 2nd Virtual Cannabis Conference on September 14, with CEO Joe Bayern. Additionally, Executive Chairman Boris Jordan will participate in the BTIG Inaugural Cannabis Conference on September 29. Curaleaf is a leading cannabis provider, operating in 23 states with over 109 dispensaries and active in the European market.
Curaleaf Holdings expands its presence with the opening of Curaleaf Bordentown, its 109th dispensary nationwide and third in New Jersey. The new 9,546 square foot location aims to serve the growing local market, especially as adult-use cannabis regulations are anticipated soon. Additionally, the popular Select brand launches in New Jersey, increasing its reach to 19 states. Curaleaf plans to add over 200 jobs and has committed to community engagement through donations and volunteer work.