Curaleaf to purchase Nevada’s Acres Cannabis for $70 million

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Massachusetts-primarily based Curaleaf, a vertically integrated cannabis operator, agreed to purchase Acres Cannabis for $70 million in a money and stock deal.

Acres Cannabis at the moment operates 269,000 square feet of cultivation facilities in Nevada with plans to expand that to much more than 400,000 square feet.

It also has a flagship dispensary in Las Vegas and is seeking for a second dispensary there.

Curaleaf, which trades on the Canadian Securities Exchange beneath the ticker CURA, has 42 dispensaries, 12 cultivation websites and 10 processing facilities in 12 states.

For much more particulars on the deal, click right here.

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