Announced
Completed
Financials
Sources
Tags
Pharmaceuticals
Majority
cannabis producer
cannabis farming
Acquisition
Cross Border
Canada
Private
Friendly
Single Bidder
Completed
Synopsis
Curaleaf Holdings, a provider of consumer cannabis products, completed the acquisition of Northern Green Canada, a vertically integrated Canadian licensed cannabis producer. Financial terms were not disclosed. "We expect the NGC acquisition to be a highly accretive deal that marks Curaleaf's first step into the Australasian markets, creating a true global cannabis company with global brands. It allows Curaleaf to safeguard our position in Europe, enhancing our supply chain while increasing our margins. The opportunity in Germany alone cannot be understated, and we continue to prepare strategically for that moment and beyond. We are committed to delivering the highest quality flower in every market we operate, and we are thrilled to welcome the NGC team to the Curaleaf International family," Boris Jordan, Curaleaf Chairman.
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