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US (AZ): Acquisition of an Arizona based greenhouse

Curaleaf Holdings has completed the acquisition of Glendale Greenhouse, a vertically integrated cannabis business in Arizona . The signing was announced earlier on June 27, 2019 . The dispensary will be rebranded as Curaleaf.

"Glendale Greenhouse operates a 20,000 square-foot, multi-level cultivation center capable of producing 3,600 pounds of flower annually. Its 1,500 square-foot dispensary, located directly off the Agua Fria Freeway with 90,000 cars passing daily, can be expanded to nearly 5,000 square-feet," the team with the company explains. "The facility also operates a state-of-the-art CO2 extraction lab and a kitchen, which is already producing various edible lines such as mints, gummies, brownies and ice cream, with additional products expected to launch later this year."

Curaleaf has successfully completed three acquisitions in Arizona this year, increasing its operational footprint to 8 locations. Earlier this year, the Company completed its acquisition of Eureka in California and, according to them, continues to make progress towards completion of the previously announced acquisitions of Acres in Nevada and OGT in Ohio , as well as Select and Grassroots.

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