Curaleaf completed the acquisition of the state-regulated cannabis business of Cura Partners for $949m.

Curaleaf Holdings, a leading vertically integrated cannabis operator in the United States, completed the acquisition of the state-regulated cannabis business of Cura Partners, owners of the Select brand, in an all-stock transaction valued at C$1.27bn or US$948.8m. The closing provides tremendous opportunities for synergies as it combines Curaleaf's national retail locations, vertically integrated structure, wellness brand, product range and East Coast hub with Select's wholesale model, established lifestyle brand and leading West Coast market presence. "The close of the Select deal is a major milestone in Curaleaf's history and marks an unprecedented phase of growth for our company. As we've scaled, Curaleaf has pioneered the U.S. cannabis industry, and we're incredibly excited about the future and our leadership role in it. Our entire organization is focused on accelerating our growth as a combined company with two of the fastest-growing cannabis brands in the country," Joseph Lusardi, Curaleaf CEO.