curaleaf

Curaleaf acquires California cannabis group for $30.5 million

Massachusetts-based Curaleaf, a vertically integrated multistate marijuana company, acquired California’s Eureka Holdings. Eureka Holdings operates a cultivation facility in the Salinas Valley and is developing three dispensaries in the Golden State. The deal is valued at $30.5 million with $10 million paid in cash and the balance in stock. This amount could potentially increase based […]

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Chart: US-affiliated medical cannabis firms led fundraising on Canadian Securities Exchange in 2018

U.S.-affiliated medical cannabis companies dominated Canadian Securities Exchange (CSE) fundraising in 2018, raising nearly $2 billion through 50 equity-related deals. As of December 2018, 47% of the 124 cannabis-related companies trading on the CSE were based in the United States or had U.S. assets or interests. Cannabis-related companies in the life sciences sector – which […]

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Chart: Multistate cannabis operators rapidly expanding into new markets

The fragmented, state-by-state nature of the marijuana industry historically has been dominated by small, local players, but larger, publicly traded companies with multistate operations are becoming an increasingly prevalent force. Rapid consolidation and expansion among cannabis companies dominated 2018 with more than 300 mergers and acquisitions and a rash of reverse takeovers that allowed U.S. […]

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Florida’s top medical cannabis operators tighten grip on growing market

A handful of vertically integrated companies increased their stronghold on Florida’s fast-growing medical marijuana market in 2018, tripling the number of dispensaries they operate, as new business licensing stalled in the courts. Overall, eight companies operate a total of 83 dispensaries in the state, according to a Dec. 21 state report, and five businesses operate […]

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In surprise move, Pennsylvania rejects medical cannabis research cultivators

Pennsylvania officials rejected all eight growers that planned to partner with medical schools to research medical marijuana. Those cultivators also would have been allowed to compete in the commercial market with a lower barrier of entry than other licensed MMJ operators. The state will open a second round of applications in early 2019. The surprise […]

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Marijuana firm Curaleaf makes stock trading debut in Canada with $4B valuation

Massachusetts-based Curaleaf made its trading debut on the Canadian Securities Exchange on Monday after a $400 million private placement. The multistate cannabis firm raised almost three times its initial offering target of $150 million, giving the company a valuation of $4 billion. Curaleaf, which changed its name in August from PalliaTech, is listed on the […]

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New Jersey OKs vape cartridges, boosting medical cannabis market potentials

New Jersey’s once heavily restricted medical marijuana market continues to open up: MMJ businesses will now be able to sell vape cartridges filled with concentrates, a move that could boost dispensary sales and open new opportunities for makers of vaporizers and concentrates. The move comes after the state Department of Health waived the previous ban, according […]

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Marijuana company Curaleaf looking for $4 billion valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis company, is seeking a valuation of up to $4 billion. According to Bloomberg, the company entered into a reverse takeover when Canada’s Lead Ventures combined with PalliaTech in August and changed its name to Curaleaf. The company plans to offer subscription receipts – which can be exchanged for common […]

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