Curaleaf Holdings has signed a definitive agreement to acquire the state-regulated cannabis business of Cura Partners in an all-stock transaction valued at C$1.27 billion or US$948.8 million. "The acquisition includes Select's manufacturing, processing, distribution, marketing and retailing operations and all adult-use cannabis products marketed under the Select brand name, including all intellectual property. Based in Portland, Oregon," the team with the company explains.
"We intend to create significant operational synergies from the integration of Select's wholesale business with our vertically-integrated cultivating, processing and retail platform. We look forward to welcoming the Select team who will bring brand marketing expertise and a culture of innovation in technology and product development."
The company continues: "Cura is recognized as having one of the best employee cultures in the industry. In 2018, Cura was named as one of the "Top 100 Companies to Work For" in Oregon by Oregon Business Magazine and placed No. 12 in the Large Companies category. In 2019, Cura won the award again demonstrating Cura's ability to focus on its culture while growing its headcount by 400%."