Sunday, September 7, 2025

Curaleaf Acquisition Of Grassroots Clears HSR Waiting Period

Curaleaf Holdings (CSE: CURA) announced this morning that the company’s acquisition of Grassroots has seen the required “HSR waiting period” lapse, meaning the company has essentially been given the green light by the Department of Justice to continue with the acquisition under antitrust laws.

First announced in July 2019, Curaleaf is to acquire Grassroots for a total sum of US$875 million, which is comprised of $75 million in cash and the remainder in common stock. A total of 102.8 million subordinate voting shares are expected to be issued upon the closing of the transaction, in addition to $40 million in Curaleaf shares priced at the 10-day moving average at the time of closing.

The acquisition at the time of announcement consisted of 61 dispensary licenses, with 20 locations in operation. Also included are 17 cultivation and processing licenses spread throughout the US.

The acquisition of Grassroots, formally known as GR Companies, is expected to close in Spring 2020, which follows the original timeline provided by the company when the deal was first announced.

Curaleaf last traded at $7.94 on the CSE.


Information for this briefing was found via Sedar and Curaleaf Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Curaleaf Reports Revenue Growth of 2% In Q1 2024

Curaleaf Holdings (TSX: CURA) reported its first quarter financial results yesterday after the closing bell....

Friday, May 10, 2024, 09:01:57 AM

Week Ahead: U.S Cannabis Earnings Expectations For CRON, CURA, IIPR And More

Cannabis investors are facing a harsh 2023 as shares of the largest U.S cannabis companies...

Sunday, February 26, 2023, 01:28:00 PM

Curaleaf Applies To Be Second US Cannabis Operator Listed On TSX

Curaleaf Holdings (CSE: CURA) is looking to be the second US-based cannabis operator to list...

Tuesday, October 10, 2023, 08:59:50 AM

Curaleaf Sees CFO Ranjan Kalia Leave Company After Eight Months On The Job

Curaleaf Holdings (CSE: CURA) is down a chief financial officer after just a few short...

Monday, March 14, 2022, 11:52:00 PM

Curaleaf Sees Consensus Estimates Stay Flat After Q1 Results

Curaleaf Holdings (CSE: CURA) reported its first-quarter results on May 10th, beating the consensus estimates...

Saturday, May 15, 2021, 04:24:00 PM