Curaleaf Completes Acquisition of Major Marijuana Brand Name
February 4, 2020 by erfa5t8
Curaleaf, a leading vertically incorporated marijuana operator in the United States, announced that it closed the acquisition of Select on February 1. With the completion of the acquisition, Curaleaf solidifies its stance as the biggest cannabis operator in the U.S. in terms of functional and wholesale footprint, including 53 open dispensaries, and places the Business well for its next phase of growth.
Curaleaf’s acquisition of Cura Partners, Inc., owners of the Select brand, consists of Select’s manufacturing, distribution, marketing and sales operations marketed under the Select brand, consisting of all copyright.
” The close of the Select offer is a significant turning point in Curaleaf’s history and marks an extraordinary stage of development for our business,” stated Joseph Lusardi, CEO of Curaleaf. “As we have actually scaled, Curaleaf has pioneered the U.S. cannabis industry, and we’re extremely delighted about the future and our management role in it. Our entire organization is concentrated on accelerating our growth as a combined company with 2 of the fastest growing marijuana brand names in the country.”
The closing supplies tremendous chances for synergies as it combines Curaleaf’s national retail locations, vertically integrated structure, wellness brand, item variety and East Coast hub with Select’s wholesale model, developed lifestyle brand and leading West Coast market existence.
The news begins the heels of Curaleaf’s acquisition of the Acres Marijuana vertical operations in Nevada, and the awarding of preliminary retail and processing licenses in Utah.
With the closing, visionary business owner Cameron Forni assumes the function of President of Select and will focus on driving growth of the Select brand name through expansion into new markets. Mr. Forni, who established Select in 2015, is acknowledged as a leading authority on vaporizer cartridges and has played a critical function in structure Select’s acclaimed brand name, culture and operations throughout California, Oregon, Arizona and Nevada.
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