Curaleaf Is Buying a Marijuana Oil Brand Name for $949 Million
May 2, 2019 by erfa5t8
Curaleaf, a leading vertically integrated marijuana operator in the U.S., has signed a definitive arrangement to get the cannabis company of Cura Partners, Inc., owners of the brand Select (Select Oil and Select CBD), in an all-stock deal valued at $948.8 million.
The acquisition includes Select’s manufacturing, processing, distribution, marketing and selling operations and all adult-use cannabis products marketed under the Select brand name, consisting of all copyright.
Based in Portland, Oregon, Cura’s Select is one of the most popular marijuana wholesale brands in the country. Its THC items are offered in more than 900 retailers, making it a leading cannabis brand in crucial Western states, consisting of Arizona, California, Nevada and Oregon.
” The transformational acquisition of Cura and the Select brand name is another action in our journey to develop the most accessible cannabis brands in the U.S.,” said Joseph Lusardi, CEO of Curaleaf. “The mix of Curaleaf and Select is a best fit. With our market leading capacity, expansive retail circulation network and Select’s impressive sales and marketing abilities, we intend to meaningfully accelerate our topline development trajectory with the addition of the Select Oil item range.”
Cura is recognized as having among the very best staff member cultures in the market. In 2018, Cura was named as one of the “Top 100 Business to Work For” in Oregon by Oregon Service Magazine and positioned No. 12 in the Large Business category. In 2019, Cura won the award once again demonstrating Cura’s capability to concentrate on its culture while growing its headcount by 400%.
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