Curaleaf amends deal to acquire private U.S. cannabis operator | 2020-06-23 | Investing News

Click to enlargeThe new deal will remove the USD$75-million cash payment Curaleaf would give to Grassroots shareholders from the version announced in July 2019, offering additional stock instead.

As well, Grassroots would have to sell certain assets in Illinois, Ohio and Maryland in order to comply with local licensing limitations, the company said.

Curaleaf said the acquisition is expected to close “within the coming weeks.” Analysts who cover Curaleaf said they aren’t surprised to see the amended deal terms, given how volatile M&A’s have been in the cannabis space.

GR Companies, Inc. (“Grassroots”), is currently the largest privately-owned, vertically-integrated multi-state operator in the US.

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