Curaleaf Closes Long-Simmering Select Acquisition
Big changes are afoot at Curaleaf (OTC: CURLF) now that the company has closed a major acquisition.
Management announced Monday morning that the deal for Cura Partners, originally announced in May 2019, had finally closed on Saturday. Cura Partners' key asset is the Select cannabis brand.
When the transaction was originally announced, it was valued at roughly $949 million in the form of 95.5 million subordinate voting shares (SVS) of Curaleaf stock. The terms were subsequently amended to an upfront payment of around $286 million for 55 million of those shares, with the remaining shares coming in the form of incentive bonuses.
Source Fool.com
