Curaleaf to Buy Arizona Dispensary for $13 Million – New Cannabis Ventures – New Cannabis Ventures
Curaleaf Announces Agreement To Acquire Natural Remedy Patient Center In Arizona
Curaleaf continues its Arizona expansion, adding tenth dispensary in the state
WAKEFIELD, Mass., Dec. 23, 2021 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer products in cannabis, today announced that it has entered into a definitive agreement to acquire Natural Remedy Patient Center, LLC (“Natural Remedy”), a Safford, Arizona dispensary, in a cash and stock transaction valued at approximately US$13 million (the “Transaction”). The Transaction is expected to close in January 2022, subject to customary approvals and conditions. Upon close, this transaction will increase the Company’s retail footprint to 118 dispensaries across the country.
In mid-2022, Curaleaf intends to relocate the Safford retail store to a new, flagship 9,000 square foot dispensary located at 16277 N. Greenway Hayden Loop, Scottsdale, Arizona. Curaleaf’s new Scottsdale dispensary will be one of just five in the city and will be strategically located at the highly trafficked intersection of Frank Lloyd Wright Boulevard and N. Greenway Hayden Loop in the Scottsdale Airpark. Curaleaf will continue to operate and