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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 received approval from the Massachusetts Cannabis Control Commission for its acquisition of Alternative Therapies Group (ATG). This acquisition will enhance Curaleaf's cultivation capacity in Massachusetts by 60%, aiming to meet rising demand in the cannabis market. The deal includes ATG's 53,600 square foot facility in Amesbury. Curaleaf operates across 23 states and plans to continue expanding its offerings, notably through its Select brand, now available in 14 states. The acquisition is set to close soon, positioning Curaleaf for significant growth.
Curaleaf Holdings, a leading multi-state cannabis operator, has launched a month-long fundraising initiative supporting ten organizations dedicated to breast cancer awareness and services across the U.S. During October, over sixty dispensaries will match customer donations and offer limited-edition pink products. This initiative aims to impact thousands of families affected by breast cancer, providing education, research, and patient support. Last year, Curaleaf raised over $38,000 in Florida for local charities. The company continues its commitment to social responsibility and plans to unveil a comprehensive social equity plan later this year.
Curaleaf Holdings expands its Select Oil brand into Ohio, increasing its presence to 14 states. Beginning with Select Elite cartridges, the brand is targeting the state's 131,654 registered medical cannabis patients. Curaleaf acquired Select in February 2020, making it a leading product in the cannabis oil market. More products, including CBD:THC Ratio Drops, will be launched on October 19. Currently, Ohio has 52 licensed dispensaries catering to medical marijuana patients.
Greenhouse Group has opened a new 9,982 square foot dispensary in Northbrook, Illinois on October 1, 2020. The ceremonial ribbon cutting, held in partnership with the Northbrook Chamber of Commerce, emphasizes their commitment to serving the community.
This location focuses on providing an inclusive environment with 46 new jobs created and offers a variety of cannabis products. Furthermore, it is now under the branding of Curaleaf Holdings, Inc., following its acquisition of Grassroots on July 23, 2020.
Curaleaf Holdings announced its participation in two upcoming investor conferences: A.G.P.'s Virtual Consumer Cannabis Conference on September 29 at 12:00 p.m. ET, featuring Ed Conklin alongside John Boehner, and Canaccord Genuity's U.S. Cannabis Symposium on September 30 at 2:30 p.m. ET, with Boris Jordan presenting a fireside chat. Curaleaf continues to lead the U.S. cannabis market, operating in 23 states with 93 dispensaries and over 3,000 employees. The company is committed to enhancing cannabis clarity and consumption confidence.
Curaleaf Holdings, Inc. (CURLF) has launched a limited-edition vape pen exclusively in Oregon, featuring the Captain Jack's strain in collaboration with Belushi's Farm. The Select brand, recognized as America’s top cannabis oil brand, aims to deliver a high-quality experience with this unique product. The vape pen will be available at Curaleaf's Portland dispensary and select locations statewide. Additionally, Curaleaf and its partners are raising $420,000 for fire relief efforts in Southern Oregon, showing their commitment to community support.
Curaleaf Holdings announced the launch of its Select brand products in New York, expanding its presence to 13 states. Select, acquired in February 2020, aims to be a nationally recognized cannabis brand, offering high-quality products like Select Elite cannabis oil cartridges. The company plans further expansion into Ohio, New Jersey, Illinois, Pennsylvania, and Utah. Curaleaf is committed to quality and social equity, contributing to local organizations to promote diversity in the cannabis industry.
Curaleaf Holdings (CURLF) announced the launch of Select Nano Gummies in California and Select Elite Live cartridges in Nevada, expanding its product availability to 12 states. Utilizing nano-emulsion technology, the gummies are designed for quicker cannabinoid absorption, appealing to both new and experienced users. The Elite Live cartridges, made with live-resin extract, aim to provide authentic plant flavors. Curaleaf's strategy is to strengthen its market presence with plans for further state expansions.
Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) has appointed Talley Wettlaufer as Senior Vice President of Retail, effective immediately, succeeding Chris Melillo. Wettlaufer, with over 20 years of experience, previously led retail operations at Grassroots Cannabis, tripling its footprint and enhancing revenue growth. Curaleaf recently expanded its network to 93 dispensaries across 23 states after acquiring Grassroots, positioning itself as the largest cannabis company by revenue in the U.S., reaching 192 million potential customers.
Curaleaf has opened its third retail location in Nevada, named Curaleaf Ely, boosting its total to 93 dispensaries across the U.S. This new dispensary will cater to both medical and adult-use customers in central-eastern Nevada, operating daily from 9 AM to 9 PM. The Ely location aims to offer expanded access to high-quality cannabis products, including offerings from Select, the top cannabis oil brand in the country. This expansion underscores Curaleaf's commitment to enhancing cannabis accessibility while adhering to safety measures related to COVID-19.