Monday, September 15, 2025

Curaleaf To Acquire Arizona Dispensary For US$13.0 Million, Relocate It 161 Miles Away

Curaleaf Holdings (CSE: CURA) is expanding its presence in Arizona yet again. The company this morning announced that it is acquiring yet another dispensary in the state, with the latest being referred to as Natural Remedy Patient Center.

Located in Safford, Arizona, the firm is being acquired under a definitive agreement for cash and shares. With a price tag of $13.0 million, it appears that the company is largely focused on obtaining the operating dispensary license.

Curaleaf has indicated that it intends to move the dispensary from Safford to that of Scottsdale in mid-2022 – a 161 mile move – at a location that is reportedly 9,000 square feet in size., where it will be one of five dispensaries in the city. Presumably, little from the Safford location will follow the move in terms of staff and equipment, meaning the purchase was likely solely for the dispensary license.

The dispensary is to be Curaleaf’s tenth in the state.

The transaction, slated to close in January, is to consist of US$12 million in cash, along with $1.0 million in subordinate voting shares.

Curaleaf Holdings last traded at $11.05 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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

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 Holdings Announces Overnight Marketed Financing Following Democrat Sweep

At least one US multi-state operator is set to take advantage of the bullish sentiment...

Wednesday, January 6, 2021, 05:36:53 PM

Curaleaf Holdings Reports Q4 2020 Revenues Of $230.3 Million, Net Loss Of $35.3 Million

Curaleaf Holdings (CSE: CURA) this evening reported total revenue of $230.3 million for the fourth...

Tuesday, March 9, 2021, 04:53:06 PM

Curaleaf To Enter European Market With US$286 Million Acquisition

Curaleaf Holdings (CSE: CURA) this evening announced that it is making a move into European...

Tuesday, March 9, 2021, 04:15:39 PM

Curaleaf Sees New Jersey Deny Renewal Of Adult Use License

Curaleaf (CSE: CURA) is reeling this morning after a decision by New Jersey’s Cannabis Regulator...

Friday, April 14, 2023, 08:11:39 AM