Announced
Financials
Sources
Tags
marijuana cultivator
Majority
Friendly
Private
Pending
United States
Farming Fishing Ranching and Plantations
Single Bidder
Acquisition
Domestic
Synopsis
Curaleaf Holdings, an international provider of consumer products in cannabis, completed the acquisition of Los Suenos Farms, a marijuana cultivator, for $67m. "The acquisition of Los Sueños provides Curaleaf with outdoor cannabis cultivation expertise at commercial scale and establishes our foothold in the $2.2bn Colorado market. This deal furthers our strategy of constructing low-cost supply chains that will secure healthy margins and position us for interstate commerce when it comes. Ultimately, our goal is to cultivate cannabis at less than $100 per pound, and this acquisition is a significant step in the right direction," Boris Jordan, Curaleaf Executive Chairman.
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