May 17, 2021 at 8:36 am Published by NCV Newswire
Transaction provides Curaleaf one of the largest outdoor cannabis cultivation facilities in the U.S.
Highly efficient outdoor grow capabilities enhance Curaleaf’s presence in multi-billion dollar Colorado cannabis market; builds on strategy of constructing low-cost supply chains that will be critical with eventual interstate commerce
WAKEFIELD, Mass., May 17, 2021 /PRNewswire/ Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer products in cannabis, today signed definitive documents to acquire the Los Sueños Farms and its related entities (“Los Sueños”), the largest outdoor grow in Colorado. This will significantly expand Curaleaf’s Colorado presence, vertically integrating in the state with large-scale outdoor cannabis cultivation. The proposed transaction includes three Pueblo, Colorado outdoor cannabis grow facilit
Curaleaf to Acquire Colorado-based Los Sueños
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Cannabis Co Curaleaf Expands In Colorado Via Los Sueños Farms Acquisition
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Author Bio
Sushree is a new member of the Fool family, keen on writing about the cannabis and healthcare sector and also has five years of experience writing on real estate, consumer sector, and macroeconomic topics. She holds a bachelor’s degree in business management, specializing in finance, and also a CFA Level 2 candidate. Being a fitness enthusiast and a creative person, when she isn t writing, she is either kick-boxing or painting.
The coronavirus pandemic brought chaos to most other industries, but did the opposite for the marijuana industry. Cannabis sales skyrocketed in the pandemic after the drug was deemed an essential product during lockdown. Sales are still on the rise this year. The U.S. cannabis companies, in particular, did exceptionally well in 2020.