Curaleaf Holdings has signed a definitive agreement to acquire the state-regulated cannabis business of Cura Partners, owner of the Select brand, in an all-stock transaction valued at C$1.27 billion or US$948.8 million.
The acquisition includes Select’s manufacturing, processing, distribution, marketing and retailing operations and all adult-use cannabis products marketed under the Select brand name, including all intellectual property.
Based in Portland, Oregon, Select is one of the USA’s best-known cannabis wholesale brands. With its THC products sold in more than 900 retailers, its products sell in California, Arizona, Oregon and Nevada.
The proposed transaction combines Curaleaf’s retail locations, vertical integration, wellness brand and