MJBizMag July 2021 - 20

CompanyNews | U.S., Canada & International
The proposed acquisition is worth $67 million, 61%
of which will be paid in Curaleaf subordinate voting
shares, 29% in cash at closing and 10% in assumed
debt. A contingent payment worth another $8 million
" will be paid based upon operating cash flow-based
targets for 2022, " Curaleaf said in a news release
announcing the deal.
The Los Sueños acquisition includes three outdoor
cannabis cultivation sites in Pueblo totaling 66 acres,
an indoor cultivation facility and two adult-use retail
stores. The new production capacity will " fuel the
further deployment " of Curaleaf's Select brand of
marijuana products in Colorado.
Curaleaf trades on the Canadian Securities
Exchange and on the U.S. over-the-counter markets.
Holistic Industries
Raises $55 Million
for Expansion
Holistic Industries, a vertically integrated multistate
marijuana company operating in six U.S. markets,
secured a $55 million convertible note, nearly doubling a
$30 million fundraising goal the company set in March.
The oversubscribed offering was led by the Stoneview
fund of Harbert Management Corp., an investment
group with offices in New York and Birmingham,
Alabama. Washington DC-based Holistic will reportedly
use the money to commence operations in Missouri
and West Virginia, where the company has secured
licenses, and enter new markets.
Oklahoma Marijuana Firm
Closes $44M Funding
Oklahoma-based Stability
Cannabis completed a
$44 million Series A funding round and acquired a
minority ownership stake in a vertically integrated
Missouri medical marijuana business.
Stability Cannabis said that its production capacity
now includes 60 acres of greenhouse and outdoor
cultivation canopy as well as 95,000 square feet
of indoor growing space. The company also has a
commercial kitchen and a processing lab and runs a
24-hour medical marijuana dispensary in Oklahoma City.
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MJBizMag July 2021

Table of Contents for the Digital Edition of MJBizMag July 2021

MJBizMag July 2021 - 1
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