Curaleaf Holdings, Inc. CURA CURLF said Monday it has closed the purchase of Glendale Greenhouse, which was announced at the end of June.
Glendale Greenhouse is an Arizona-based vertically integrated cannabis business that runs a 20,000 square-foot cultivation center with a capacity of producing 3,600 pounds of flower annually. The business that already manufactures several edible lines will be rebranded as Curaleaf, the company said.
Click here more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.
Curaleaf is focusing on expanding its footprint, having made three purchases in Arizona so far in 2019, and one in California, working on concluding acquisitions in Nevada and Ohio. It works on establishing its brand in more populated states, the company reported.
Currently, Curaleaf runs its business in 12 states, running 48 dispensaries, 13 processing sites, and 14 cultivation sites.
The stock traded around $6.77 per share on Monday morning.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.