CEO Boris Jordan believes Trump could finally break the federal reform logjam. The nation’s largest cannabis company says it is already engaging with Donald Trump’s transition team, betting the president-elect’s pro-business stance and campaign promises could revive an industry rattled by Florida’s failed legalization bid and ongoing federal prohibition. Curaleaf Holdings’ … [Read more...] about Curaleaf banks on Trump, GOP support for federal cannabis reform
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Curaleaf Secures $40 Million Revolving Credit Facility
Curaleaf Holdings Inc., a leading international provider of consumer cannabis products, announced it successfully completed a new $40 million revolving credit facility with a major commercial regional bank. The credit line will be available to be drawn down as needed for general corporate purposes and working capital needs. "In my first few months in my new role as CEO, I've … [Read more...] about Curaleaf Secures $40 Million Revolving Credit Facility
Curaleaf loses another $44 million, despite more than $1B in revenue for the year
CEO Boris Jordan said Curaleaf would continue looking for paths to profitability, including through international expansion. Connecticut-based Curaleaf Holdings, Inc. (CURA: CA) (OTCQX: CURLF) on Wednesday posted a net loss of $44 million for the third quarter of 2024, bringing its total losses for the year to $144 million despite more than $1 billion in revenue as of Sept. 30. … [Read more...] about Curaleaf loses another $44 million, despite more than $1B in revenue for the year
Flora Growth Reaffirms Supply Agreement With Curaleaf That Curaleaf Just Denied
On Monday morning, Curaleaf confirmed on X that “Curaleaf has entered into an agreement to supply cannabis products to Flora Growth for distribution through Flora in Germany. The terms of the agreement are disclosed in a Form 8-K filed on November 1, 2024, by Flora Growth Co. [https://www.sec.gov/Archives/edgar/data/1790169/000106299324018209/form8k.htm]. Curaleaf is pleased to … [Read more...] about Flora Growth Reaffirms Supply Agreement With Curaleaf That Curaleaf Just Denied
Curaleaf Denies Having Supply Agreement With Flora Growth for German Market
Cannabis multistate operator Curaleaf is denying that it entered a supply agreement with Flora Growth after Flora Growth issued a press release on Oct. 30 suggesting just that. “There is no agreement in place between Curaleaf and Flora Growth Corp.,” according to a Curaleaf statement provided to Cannabis Business Times through the company’s public relations team. That … [Read more...] about Curaleaf Denies Having Supply Agreement With Flora Growth for German Market
Curaleaf offers politically-inspired marijuana strains named after presidential candidates
PHOENIX - A chain of marijuana dispensaries in Arizona is offering election-themed strains of marijuana representing the Democratic, Republican, and Green Party candidates for president. Curaleaf, the dispensary, calls it their 'Toke the Vote' campaign. The election is now three weeks away. "This is a fun industry and we tried to have as much fun as possible with this from an … [Read more...] about Curaleaf offers politically-inspired marijuana strains named after presidential candidates
Weed Megacorp To Exit Maine Adult-Use Market
Curaleaf, one of the world’s largest cannabis companies, is exiting the adult-use cannabis retail market in Maine with the sale of its licensed dispensary in South Portland. The company’s sole recreational marijuana shop is being sold to Foliage Cannabis Co., which has already begun operations at the retail location, according to a report in local media. Online news source … [Read more...] about Weed Megacorp To Exit Maine Adult-Use Market
Curaleaf Trim Batch Voluntarily Recalled Over Possible Aspergillus Contamination in Arizona
An Arizona cannabis establishment is voluntarily recalling specific products due to possible contamination with Aspergillus, a fungus that can cause allergic reactions or infection, usually in people already sick with something else. The product being voluntarily recalled is Curaleaf MnC batch number MnC-IC123H2-N. The Arizona Department of Health Services (ADHS) is advising … [Read more...] about Curaleaf Trim Batch Voluntarily Recalled Over Possible Aspergillus Contamination in Arizona
US cannabis company Curaleaf moves to list shares on Canada’s TSX
Cannabis multistate operator Curaleaf Holdings is following through with its previously announced plan to list on the Toronto Stock Exchange, a step up from its current listing on the more junior Canadian Securities Exchange. In particular, the New York-based multistate operator filed an application to list the company’s subordinate voting shares on the TSX. The move follows … [Read more...] about US cannabis company Curaleaf moves to list shares on Canada’s TSX
Relative of deceased Alabama marijuana licensee defends family, Curaleaf
The granddaughter of a deceased applicant named on an Alabama medical marijuana license form defended her family and its joint venture with multistate operator Curaleaf Holdings. Mertha Carter, the former president of Carter’s Contracting Services, is listed as a 51% owner of 3 Notch Roots, a joint venture with Curaleaf, in the company’s minority application for an integrated … [Read more...] about Relative of deceased Alabama marijuana licensee defends family, Curaleaf
