Curaleaf Acquires 3 Arrow Alternative Care Dispensaries, Becomes Vertically-Integrated In Connecticut

Curaleaf Holdings, Inc. CURA CURLF confirmed Monday it has finalized its previously announced acquisition of three Arrow Alternative Care dispensaries in Connecticut.

Arrow Alternative Care runs three out of the 18 dispensaries in the state of Connecticut, having them strategically located in popular metro areas: Harford, Stamford, and Milford.

“This acquisition provides Curaleaf with dispensaries in key metro areas: Hartford, Milford and Stamford,” Joe Lusardi, CEO of Curaleaf, told Benzinga. “The dispensaries will continue to operate during these challenging times and have adopted additional COVID-19 measures to protect employees and patients.”

In a statement, Lusardi added, "As with most Curaleaf dispensaries, Arrow will operate as an essential service business allowing Curaleaf to continue to provide patients with the products they rely on during these challenging times. And like all our dispensaries, Arrow has implemented the additional COVID-19 measures to protect employees and patients while remaining open."

Curaleaf has been operating in Connecticut for the last six years, being one of four licensed cultivators in the state and running a 60,000 sq. foot cultivation facility in Simsbury. The new acquisition will enable the company to become vertically integrated in Connecticut.

These three dispensaries will offer both Curaleaf products and those from other Connecticut manufacturers.

During the coronavirus (COVID-19) crisis, dispensaries will be running as essential business, while enforcing required safety protocols.

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Photo by Javier Hasse.