Curaleaf shares surge, U.S. pot giant to buy Grassroots for US$875M

U.S. multi-state cannabis operator Curaleaf Holdings Inc. (CURA.CN)(CURLF) has announced an agreement to acquire private producer GR Companies Inc. in a US$875 million cash and stock deal.

Massachusetts-based Curaleaf is currently the largest multi-state cannabis operator in the United States, with a market capitalization of US$3.89 billion. The addition of GR Companies, also known as Grassroots, would boost its presence from 12 to 19 states.

Curaleaf shares listed on the Canadian Securities Exchange (CSE) surged 19.20 per cent to $10.12 at 2:18 p.m.

...read more at https://www.yahoo.com/lifestyle/us-cannabis-giant-curaleaf-to-acquire-grassroots-in-us-875-m-deal-131456490.html

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