Regulators Sign Off on Curaleaf's Latest Acquisition
Marijuana stock Curaleaf (OTC: CURLF) is now one pair of assets larger. The company announced that it has received all required regulatory approvals to close a deal it made earlier this year to purchase Acres Cannabis.
Curaleaf's latest acquisition is a privately held company that operates two retail stores in the hot cannabis market of Nevada and includes 37 acres of land in the state.
The land is home to 269,000 square feet of cultivation facilities currently in operation. When Curaleaf originally announced the deal in March, it said that following an expansion project, those facilities are expected to produce around 100,000 pounds (45,359 kilos) of dried flower product annually.
Source Fool.com
