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Synopsis
Curaleaf, a vertically integrated cannabis operator in the United States, completed the acquisition of Grassroots, a private vertically-integrated multi-state operator, for $700m. The consideration was decreased from $875m in June 2020. "The integration of Grassroots is expected to be immediately accretive to our financial performance, with our unprecedented scale providing significant opportunities to leverage Curaleaf's powerful consumer brands as well as new form factor innovations across our expanded national presence," Joseph Lusardi, Curaleaf CEO.
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