With facilities in 23 states, Massachusetts-based Curaleaf has become one of the country’s leading MSOs.
- “While other MSOs have scrapped acquisitions in recent months, Curaleaf has completed two big deals since February totaling more than $1 billion in value: Oregon-based Cura Partners and, most recently, Illinois-based Grassroots Cannabis.”
- WeedWeek has recently reported on several lawsuits involving Curaleaf: It has been sued for sending spam text messages. (The company declined to comment.)
- A separate lawsuit claims Cura Partners, mislabeled the THC content of its Select Elite vape cartridges, at least some of which were purchased before the merger completed. (Cura says a similar suit was dismissed.)
- Curaleaf’s success stems in part from the backing of Russian billionaire Andrei Blokh and Boris Jordan, the firm’s executive chair, an American with extensive ties to Russia.
- Curaleaf posted Q2 revenue of $121.4M.
- On Wall Street, there are ????rumors of a merger between MSOs Trulieve and Green Thumb Industries, which both posted nearly identical earnings for the same quarter.
- MSO Columbia Care is closing its acquisition of venerable Colorado player The Green Solution which will make it a force in the country’s second largest market.
Lawyer Robert Hoban says the falls of previous industry “titans” such as MedMen, “is not surprising, it’s natural.”