Curaleaf Announces Acquisition of Deseret Wellness
NEW YORK, March 29, 2023 /PRNewswire/ -- Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced that it has entered into a definitive agreement to acquire Deseret Wellness ("Deseret"), the largest cannabis retail operator in Utah, in a cash and stock transaction valued at approximately US$20 million (the "Transaction"). The Transaction is expected to close imminently, subject to customary closing conditions.
- Boris Jordan, Executive Chairman of Curaleaf, stated, "We are pleased to continue Curaleaf's expansion in Utah with the acquisition of Deseret Wellness.
- On behalf of the Board of Directors and management team, I look forward to welcoming Deseret to the Curaleaf family."
- Matt Darin, CEO of Curaleaf, stated, "Utah is an important emerging market for Curaleaf, and we are excited to expand our medical retail footprint in the state.
- Deseret shares Curaleaf's mission of expanding access to high-quality, tested and regulated cannabis products while providing patients with superior service.