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Fast-growing Massachusetts cannabis company acquires two Arizona dispensaries

Posted at 7:59 AM, Jul 03, 2019
and last updated 2019-07-03 10:59:58-04

Massachusetts-based cannabis grower and dispenser Curaleaf Holdings Inc. said it has made two more acquisitions in Arizona with a combined consideration of $25.5 million in cash and stock.

The first acquisition, Glendale Greenhouse, a 20,000-square-foot cultivation and processing facility with a separate dispensary, will be rebranded to fit the Curaleaf model once the transaction closes.

The growhouse will serve the company’s existing infrastructure.

The Glendale Greenhouse purchase also comes with a line of wholesale products Curaleaf plans to sell in their dispensaries statewide.

Read more about the dispensaries from the Phoenix Business Journal.