Monday, September 15, 2025

Latest

Curaleaf To Pay $211 Million In Cash For Arizona Operator

One week after announcing its acquisition of a single dispensary in the state of Arizona, Curaleaf Holdings (CSE: CURA) appears to be looking to continue its expansion in the state. The firm yesterday morning announced that it has entered a definitive agreement to acquire Bloom Dispensaries.

Bloom is a vertically integrated single state operator, whom owns a total of four dispensaries and two cultivation and processing facilities. The cultivation and processing facilities are said to be adjacent to each other, with a total of 63,500 square feet of space in Phoenix. The dispensaries meanwhile are found in Phoenix, Sedona, Peoria, and Tucson.

With revenue of roughly $66.0 million for 2021, the company is paying roughly 3.2x sales, with the transaction being pegged at $211 million, with consideration to consist entirely of cash. EBITDA margins for the year meanwhile are claimed to be more than 40%.

The arrangement will see the company pay $51 million upon closing, while the remaining $160 million is to take the form of a promissory note, with $50 million due in one year, $50 million due in two years, and $60 million due in three years.

The transaction is currently slated to close in January 22, bringing the firms retail locations to sixteen assuming the close of other recently announced transactions in the state.

Curaleaf Holdings last traded at $11.45 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 To Acquire Reef Dispensaries For US$286 Million

It may have been delayed by two years, but it appears that Tryke Companies, whom...

Monday, November 8, 2021, 07:49:53 AM

Curaleaf Opens Its 100th Retail Cannabis Location

Curaleaf Holdings (CSE: CURA) this morning achieved a milestone, with company opening its 100th national...

Wednesday, February 10, 2021, 09:07:35 AM

Curaleaf Closes $181 Million Purchase Of Tryke Companies

Nearly a year after the initial announcement, Curaleaf Holdings (CSE: CURA) has finally closed on...

Wednesday, October 5, 2022, 08:39:35 AM

Curaleaf Still Recorded Annual Loss After Hitting Billion-Mark In Revenue

Curaleaf Holdings, Inc. (CSE: CURA) released on Thursday post the closing bell its Q4 and...

Friday, March 4, 2022, 10:54:55 AM

Curaleaf Sees Numerous Analysts Raise Price Targets Following Third Quarter Results

On Tuesday, Curaleaf Holdings (CSE: CURA) reported their third quarter results. The company reported total...

Saturday, November 21, 2020, 01:27:00 PM