Curaleaf Holdings will make its Select cannabis brands available in four more states

The Wakefield, Massachusetts–based company operates 57 dispensaries in 17 states

Select brands include oils, cartridges, edibles,and tinctures. Photo by Curaleaf Holdings

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One of America’s vertically integrated weed companies has announced an expansion plan for this summer.

Curaleaf Holdings Inc. plans to offer its Select brands in Maine, Massachusetts, Ohio, and Florida by August.

Select products include a top-selling vape cartridge, high-THC cannabis oil, cannabis gummies, radio drops, and CBD oil.

Curaleaf says that Select brands are already available in nine states: Oregon, California, Nevada, Arizona, Colorado, Michigan, Maryland, Oklahoma, and Connecticut.

The Wakefield, Massachusetts–based company operates 57 dispensaries, 15 cultivation sites, and 24 processing sites in 17 states, according to its website. It has more than 165,000 registered patients.

“As a mission-driven company, Curaleaf is committed to improving the lives of our patients and customers across the U.S., providing them with high-quality cannabis products they can trust,” Curaleaf president Joe Bayern said in a news release. “Select has performed tremendously well in our current markets, and we are eager to share the Select experience with thousands of new medical and adult-use customers this summer as we continue to grow.”

The company purchased Select brands in February from Cura Partners Inc.

Today’s announcement about Select came a week after Curaleaf disclosed that it had amended an agreement to purchase GR Companies Inc., a.k.a. Grassroots, which it described as the “largest private vertically-integrated multi-state operator in the United States”.

The deal was originally going to include US$75 million in cash. That has now been scrapped and the share component has been increased from US$40 million to US$90 million.

“Accordingly, the total SVS [subordinate voting shares] consideration for the transaction is expected to be approximately 118.9 million shares,” Curaleaf stated on June 22.

Curaleaf shares are trading at $8.05 on the Canadian Securities Exchange, as of this writing, up three percent on the day.

According to CEO Joseph Lusardi, the integration of Grassroots into Curaleaf will make it the world’s largest cannabis company by revenue.

Charlie Smith

I'm the editor of the Georgia Straight newspaper in Vancouver, as well as a CannCentral contributor.

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