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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