6-K
Curaleaf Holdings, Inc. (CURLF)
UNITEDSTATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TORULE 13a-16 OR 15d-16UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2022.
Commission File Number: 333-249081
CURALEAFHOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
666 Burrard Street, Suite 1700, Vancouver,British Columbia V6C 2X8
Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ¨ Form 40-F x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CURALEAF HOLDINGS, INC. | |||
|---|---|---|---|
| (Registrant) | |||
| Date: | September 20, 2022 | By: | /s/ Peter Clateman |
| Name: | Peter Clateman | ||
| Title: | Chief Legal Officer |
EXHIBIT INDEX
Exhibit 99.1
FORM 9
NOTICE OFISSUANCE OR PROPOSED ISSUANCE OF LISTED SECURITIES
(or securitiesconvertible or exchangeable into listed securities^1^)
| Name of Listed Issuer: | Symbol(s): |
|---|---|
| Curaleaf<br> Holdings, Inc. (the “Issuer”). | CURA |
| --- | --- |
Date: September 15, 2022 Is this an updating or amending Notice: x Yes ¨ No
If yes provide date(s) of prior Notices: August 9, 2022____________.
Issued and Outstanding Securities of Issuer Prior to Issuance: 615,343,484
Subordinate Voting Shares.
Pricing 615,343,484
Date of news release announcing proposed issuance: August 9, 2022 or
Date of confidential request for price protection: N/A
Closing Market Price on Day Preceding the news release: $7.23 or
Day preceding request for price protection: N/A
Closing
Number of securities to be issued: 723,465 Subordinate Voting Shares.
Issued and outstanding securities following issuance: 616,066,949 Subordinate Voting Shares.
Instructions:
| 1. | For private placements (including debt settlement),<br> complete tables 1A and 1B in Part 1 of this form. |
|---|---|
| 2. | Complete Table 1A – Summary for all<br> purchasers, excluding those identified in Item 8. |
| --- | --- |
| 3. | Complete Table 1B – Related Persons<br> only for Related Persons |
| --- | --- |
| 4. | If shares are being issued in connection<br> with an acquisition (either as consideration or to raise funds for a cash acquisition) please<br> proceed to Part 2 of this form. |
| --- | --- |
| 5. | An issuance of non-convertible debt does<br> not have to be reported unless it is a significant transaction as defined in Policy 7, in<br> which case it is to be reported on Form 10 – Notice of Proposed Transaction |
| --- | --- |
| 6. | Post<br> the completed Form 9 to the CSE website in accordance with Policy 6 – Distributions. In addition, the completed form must be delivered to listings@thecse.com with<br> an appendix that includes the information in Table 1B for ALL placees. |
| --- | --- |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 1
Part 1. PrivatePlacement
Table 1A – Summary
| Each<br> jurisdiction in which<br><br> purchasers reside | Number<br> of<br><br> Purchasers | Price<br> per<br><br> Security | Total<br> dollar value<br><br> (CDN$) raised in<br><br> the jurisdiction |
|---|---|---|---|
| Total<br> number of purchasers: | |||
| Total<br> dollar value of distribution in all jurisdictions: |
Table 1B – Related Persons
| FullName &Municipality of Residence of Placee | Numberof Securities Purchased or to be Purchased | Purchaseprice per Security (CDN$) | ConversionPrice (if Applicable) (CDN$) | ProspectusExemption | TotalSecurities Previously Owned, Controlled or Directed | PaymentDate(1) | Describerelationship to Issuer (2) |
|---|
^1^An issuance of non-convertible debt does not have to be reported unless it is a significant transaction as defined in Policy 7, in which case it is to be reported on Form 10.
| 1. | Total amount of funds to be raised: | . |
|---|---|---|
| 2. | Provide full details of the use of the proceeds. The disclosure should be sufficiently complete to enable<br>a reader to appreciate the significance of the transaction without reference to any other material. | . |
| --- | --- | --- |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 2
| 3. | Provide particulars of any proceeds which are to be paid to Related Persons of the Issuer: | |
|---|---|---|
| . | ||
| 4. | If securities are issued in forgiveness<br> of indebtedness, provide details of the debt agreement(s) or and the agreement to exchange<br> the debt for securities. | |
| --- | --- | |
| 5. | Description of securities to be issued: | |
| --- | --- | |
| (a) | Class | . |
| --- | --- | --- |
| (b) | Number | . |
| --- | --- | --- |
| (c) | Price per security | . |
| --- | --- | --- |
| (d) | Voting<br>rights | |
| --- | --- | |
| 6. | Provide the following information if warrants,<br> (options) or other convertible securities are to be issued: | |
| --- | --- | |
| (a) | Number | . |
| --- | --- | --- |
| (b) | Number of securities eligible to be<br> purchased on exercise of warrants (or options) | . |
| --- | --- | --- |
| (c) | Exercise<br>price | . |
| --- | --- | --- |
| (d) | Expiry<br>date | . |
| --- | --- | --- |
| 7. | Provide the following information if debt<br> securities are to be issued: | |
| --- | --- | |
| (a) | Aggregate<br>principal amount | . |
| --- | --- | --- |
| (b) | Maturity<br>date | . |
| --- | --- | --- |
| (c) | Interest<br>rate | . |
| --- | --- | --- |
| (d) | Conversion<br>terms | . |
| --- | --- | --- |
| (e) | Default provisions | . |
| --- | --- | --- |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 3
| 8. | Provide the<br> following information for any agent’s fee, commission, bonus or finder’s fee,<br> or other compensation paid or to be paid in connection with the placement (including warrants,<br> options, etc.): | |
|---|---|---|
| (a) | Details of any dealer, agent, broker or other person receiving compensation in connection with the placement<br>(name, and if a corporation, identify persons owning or exercising voting control over 20% or more of the voting shares if known to the<br>Issuer): | . |
| --- | --- | --- |
| (b) | Cash | . |
| --- | --- | --- |
| (c) | Securities | . |
| --- | --- | --- |
| (d) | Other | . |
| --- | --- | --- |
| (e) | Expiry date of any options, warrants etc. | . |
| --- | --- | --- |
| (f) | Exercise price of any options, warrants<br> etc. | . |
| --- | --- | --- |
| 9. | State whether<br> the sales agent, broker, dealer or other person receiving compensation in connection with<br> the placement is Related Person or has any other relationship with the Issuer and provide<br> details of the relationship | |
| --- | --- | --- |
| . | ||
| 10. | Describe any unusual particulars of the<br> transaction (i.e. tax “flow through” shares, etc.). | |
| --- | --- | --- |
| . | ||
| 11. | State whether the private placement will<br> result in a change of control. | |
| --- | --- | --- |
| . | ||
| 12. | Where there<br> is a change in the control of the Issuer resulting from the issuance of the private placement<br> shares, indicate the names of the new controlling shareholders. | |
| --- | --- | --- |
| . | ||
| 13. | Each purchaser<br> has been advised of the applicable securities legislation restricted or seasoning period.<br> All certificates for securities issued which are subject to a hold period bear the appropriate<br> legend restricting their transfer until the expiry of the applicable hold period required<br> by National Instrument 45-102 Resale of Securities. | |
| --- | --- |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 4
| Part 2. | Acquisition |
|---|---|
| 1. | Provide details<br> of the assets to be acquired by the Issuer (including the location of the assets, if applicable).<br> The disclosure should be sufficiently complete to enable a reader to appreciate the significance<br> of the transaction without reference to any other material: |
| --- | --- |
On August 8, 2022, the Issuer’s European subsidiary, Curaleaf International Holdings Limited (“Curaleaf International”), entered into a definitive agreement to acquire a 55% stake in Four 20 Pharma GmbH (“Four 20”), a leading German distributor and manufacturer of medical cannabis for the consideration described below, which will be paid 50% in cash and 50% in Subordinate Voting Shares of the Issuer (“Subordinate Voting Shares”). In connection with the transaction, the selling shareholders (the “Sellers”) of Four 20 and Curaleaf International have entered into a put/call option which permits either party to trigger the roll-up of the remaining equity of Four 20 two years after the launch of adult use cannabis sales in Germany, but no later than the end of 2025 if adult use launch has not occurred by such date. The closing of the transaction is expected to take place on September 16, 2022.
| 2. | Provide details<br> of the acquisition including the date, parties to and type of agreement (eg: sale, option,<br> license etc.) and relationship to the Issuer. The disclosure should be sufficiently complete<br> to enable a reader to appreciate the significance of the acquisition without reference to<br> any other material: |
|---|
Curaleaf International entered into a share purchase and assignment agreement (the “SPA”) dated August 9, 2022 with the Sellers, whereby each Seller has agreed to sell and transfer a portion of his, her or its shares of Four 20 (the “Sold Shares”) to Curaleaf International, and Curaleaf International has agreed to buy the Sold Shares from the Sellers.
The overall consideration payable to the Sellers for the Sold Shares amounts in aggregate to EUR 19,736,118.00 ("Purchase Price") and will be satisfied by the Purchaser on the closing date as detailed below.
Curaleaf International also entered into an a put and call option agreement (the “Option Agreement”), whereby the Sellers agreed to grant a call option to Curaleaf International, and Curaleaf International agreed to grant a put option to each Seller regarding the shares of Four 20 not owned by Curaleaf International after the consummation of the transactions contemplated by the SPA (the “Option Shares”). The put and call options described above are exercisable 2 years after Germany launches its recreational cannabis market. The purchase price for the put and call options is described below.
Each of the Sellers is an arm’s length party with respect to Curaleaf International and the Issuer.
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 5
Each of the Sellers has agreed to a lock-up on the Subordinate Voting Shares they are entitled to receive under the SPA, provided that 50 percent of such shares will be released from the lock-up on the day falling one year after the closing date and the remaining 50 percent of the such shares will be released from the lock-up on the day falling two years after the closing date.
| 3. | Provide the<br> following information in relation to the total consideration for the acquisition (including<br> details of all cash, securities or other consideration) and any required work commitments: |
|---|---|
| (a) | Total<br> aggregate consideration in Canadian dollars: EUR 19,736,118, equivalent to approximately<br> CAD 25,909,575 using the daily average exchange rate of 1.3128 CAD to 1.00 EUR published<br> by the Bank of Canada on September 13, 2022. |
| --- | --- |
| (b) | Cash: EUR 9,868,059. |
| --- | --- |
| (c) | Securities<br> (including options, warrants etc.) and dollar value: A number of Subordinate Voting Shares<br> of the Issuer equal to EUR 9,868,059.00 divided by the higher of (i) USD 13.85<br> or (ii) the closing market price of the Subordinate Voting Shares on the CSE two trading<br> days prior to the closing date. |
| --- | --- |
| (d) | Other:<br> In addition, if (a) immediately prior to the first anniversary of closing, the ten<br> (10) trading days volume weighted average price of the Subordinate Voting Shares on<br> the CSE is not equal to or greater than USD 13.85, the Sellers will be entitled to receive<br> a true-up of the price difference between the first anniversary VWAP and USD 13.85; and (b) immediately<br> prior to the second anniversary of closing, the (10) trading days volume weighted average<br> price of the Subordinate Voting Shares on the CSE is not equal to or greater than USD 13.85,<br> the Sellers will be entitled to receive a true-up of the price difference between the second<br> anniversary VWAP and USD 13.85. The true-up may be paid, at the election of Curaleaf International,<br> either in cash or in Subordinate Voting Shares of Curaleaf utilizing an implied price equal<br> to the higher of (i) the first or second anniversary VWAP, as applicable, and (ii) the<br> closing market price of the Subordinate Voting Shares on the CSE two trading days prior to<br> the relevant date of issuance of the Subordinate Voting Shares. |
| --- | --- |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 6
The purchase price payable to the Sellers for the Option Shares will be valued at 2.5 times the revenues of Four 20 at the date of exercise of the put or call option described above. The purchase price for the Option Shares will be satisfied by the Purchaser as follows:
(a) 50% of the purchase price for the Option Shares will be payable in cash; and
(b) 50% of the purchase price for the Option Shares will be payable in a mix of cash and Subordinate Voting Shares utilizing an implied share price equal to the higher of (i) the 10-day volume weighted average price of the Subordinate Voting Shares on the CSE in the 10-day trading period prior to the date of exercise of the put or call option, and (ii) the closing market price of the Subordinate Voting Shares on the CSE two trading days prior to the date of closing of the sale of the Option Shares.
| (e) | Expiry date of options, warrants, etc.<br> if any: N/A |
|---|---|
| (f) | Exercise price of options, warrants, etc.<br> if any: N/A. |
| --- | --- |
| (g) | Work commitments: N/A. |
| --- | --- |
| 4. | State how the purchase or sale price was<br> determined (e.g. arm’s-length negotiation, independent committee of the Board, third<br> party valuation etc). |
| --- | --- |
The purchase price was determined through arm’s length negotiation.
| 5. | Provide details of any appraisal or valuation<br> of the subject of the acquisition known to management of the Issuer: N/A. |
|---|
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 7
| 6. | The names of<br> parties receiving securities of the Issuer pursuant to the acquisition and the number of<br> securities to be issued are described as follows: | |||||
|---|---|---|---|---|---|---|
| Nameof Party (If not an individual, name all insiders of the Party) | Numberand Type of Securities to be Issued | Dollarvalue per Security | Conversionprice (if applicable) | ProspectusExemption | TotalSecurities, Previously Owned, Controlled or Directed by Party | Describerelationship to Issuer^(1)^ |
| --- | --- | --- | --- | --- | --- | --- |
| Ireneusz Peter Storm | 133,858 | USD 13.85 | N/A | Section 3 of BC Instrument 72-503 | Nil | Not a Related Person |
| Wilhelm Alexander Schöning | 173,637 | USD 13.85 | N/A | Section 3 of BC Instrument 72-503 | Nil | Not a Related Person |
| Thomas Sebastian Schatton | 162,776 | USD 13.85 | N/A | Section 3 of BC Instrument 72-503 | Nil | Not a Related Person |
| Greif Beteiligungen GbR | 213,415 | USD 13.85 | N/A | Section 3 of BC Instrument 72-503 | Nil | Not a Related Person |
| DULCE Capital GmbH | 39,779 | USD 13.85 | N/A | Section 3 of BC Instrument 72-503 | Nil | Not a Related Person |
| (1) | Indicate if Related Person | |||||
| --- | --- | |||||
| 7. | Details of the<br> steps taken by the Issuer to ensure that the vendor has good title to the assets being acquired:<br> Customary due diligence, including liens and litigation searches. | |||||
| --- | --- | |||||
| 8. | Provide the<br> following information for any agent’s fee, commission, bonus or finder’s fee,<br> or other compensation paid or to be paid in connection with the acquisition (including warrants,<br> options, etc.): | |||||
| --- | --- | |||||
| (a) | Details<br> of any dealer, agent, broker or other person receiving compensation in connection with the<br> acquisition (name, andif a corporation, identify persons owning or exercising voting control<br> over 20% or more of the voting shares if known to the Issuer): N/A. | |||||
| --- | --- | |||||
| (b) | Cash N/A. | |||||
| --- | --- | |||||
| (c) | Securities N/A. | |||||
| --- | --- | |||||
| (d) | Other N/A. | |||||
| --- | --- | |||||
| (e) | Expiry date of any options, warrants<br> etc. N/A | |||||
| --- | --- | |||||
| (f) | Exercise price of any options, warrants<br> etc. N/A. | |||||
| --- | --- |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 8
| 9. | State whether the sales agent, broker or<br> other person receiving compensation in connection with the acquisition is a Related Person<br> or has any other relationship with the Issuer and provide details of the relationship. N/A |
|---|---|
| 10. | If applicable,<br> indicate whether the acquisition is the acquisition of an interest in property contiguous<br> to or otherwise related to any other asset acquired in the last 12 months. N/A. |
| --- | --- |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 9
Certificate Of Compliance
The undersigned hereby certifies that:
| 1. | The undersigned<br> is a director and/or senior officer of the Issuer and has been duly authorized by a resolution<br> of the board of directors of the Issuer to sign this Certificate of Compliance on behalf<br> of the Issuer. |
|---|---|
| 2. | As of the date<br> hereof there is not material information concerning the Issuer which has not been publicly<br> disclosed. |
| --- | --- |
| 3. | the Issuer has obtained the express written<br> consent of each applicable individual to: |
| --- | --- |
| (a) | the disclosure of their information<br> to the Exchange pursuant to this Form or otherwise pursuant to this filing; and |
| --- | --- |
| (b) | the collection,<br> use and disclosure of their information by the Exchange in the manner and for the purposes<br> described in Appendix A or as otherwise identified by the Exchange, from time to time |
| --- | --- |
| 4. | The undersigned<br> hereby certifies to the Exchange that the Issuer is in compliance with the requirements of<br> applicable securities legislation (as such term is defined in National Instrument 14-101)<br> and all Exchange Requirements (as defined in CSE Policy 1). |
| --- | --- |
| 5. | All of the information<br> in this Form 9 Notice of Issuance of Securities is true. |
| --- | --- |
Dated September 15, 2022.
| Peter Clateman |
|---|
| Name of Director or Senior Officer |
| /s/ Peter Clateman |
| Signature |
| Chief Legal Officer |
| Official Capacity |
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 1
Appendix A
PERSONAL INFORMATIONCOLLECTION POLICY REGARDING FORM 9
The Canadian Securities Exchange and its subsidiaries, affiliates, regulators and agents (collectively, “CSE or the “Exchange”) collect and use the information (which may include personal or other information) which has been provided in Form 9 for the following purposes:
| • | To determine<br> whether an individual is suitable to be associated with a Listed Issuer; |
|---|---|
| • | To determine<br> whether an issuer is suitable for listing; |
| --- | --- |
| • | To determine<br> whether allowing an issuer to be listed or allowing an individual to be associated with a<br> Listed Issuer could give rise to investor protection concerns or could bring the Exchange<br> into disrepute; |
| --- | --- |
| • | To conduct<br> enforcement proceedings; |
| --- | --- |
| • | To ensure<br> compliance with Exchange Requirements and applicable securities legislation; and |
| --- | --- |
| • | To fulfil<br> the Exchange’s obligation to regulate its marketplace. |
| --- | --- |
The CSE also collects information, including personal information, from other sources, including but not limited to securities regulatory authorities, law enforcement and self-regulatory authorities, regulation service providers and their subsidiaries, affiliates, regulators and agents. The Exchange may disclose personal information to these entities or otherwise as provided by law and they may use it for their own investigations.
The Exchange may use third parties to process information or provide other administrative services. Any third party will be obliged to adhere to the security and confidentiality provisions set out in this policy.
All personal information provided to or collected by or on behalf of The Exchange and that is retained by The Exchange is kept in a secure environment. Only those employees who need to know the information for the purposes listed above are permitted access to the information or any summary thereof. Employees are instructed to keep the information confidential at all times.
Information about you that is retained by the Exchange and that you have identified as inaccurate or obsolete will be corrected or removed.
If you wish to consult your file or have any questions about this policy or our practices, please write the Chief Privacy Officer, Canadian Securities Exchange, 220 Bay Street – 9th Floor, Toronto, ON, M5J 2W4.
FORM 9 – NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF
LISTED SECURITIES
September 2018
Page 1
Exhibit 99.2
FORM 6
CERTIFICATEOF COMPLIANCE
TO: CANADIANSECURITIES EXCHANGE (the “CSE”)
Curaleaf Holdings, Inc. (the “Listed Issuer”) hereby certifies to the CSE that the Listed Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in Policy 1).
| Date: | September 16, 2022 |
|---|---|
| Signed: | /s/ Peter Clateman |
| (Signature) | |
| Peter Clateman | |
| (Print Name) | |
| Chief Legal Officer | |
| (Print Office) |
FORM 6 – CERTIFICATE OF COMPLIANCE
January 2015
Exhibit 99.3
| September 16, 2022 | BY EMAIL |
|---|
Canadian Securities Exchange (the “CSE”)
100 King Street West, Suite 7210
Toronto, Ontario M5X 1E1
Attention: Mark Faulkner**,** Vice President, Listings & Regulation
Dear Mr. Faulkner:
| Re: | Curaleaf Holdings, Inc. (the “Company”) |
|---|
Acquisition of a 55% stake in Four 20 Pharma GmbHStock symbol – CURA
Reference is made to the CSE Form 9 – Notice of Proposed Issuance of Listed Securities (the “Form 9”) filed by the Company on September 15, 2022. In accordance with Item 3.3(a) of Policy 6 of the Canadian Securities Exchange’s Policies and Procedures, this letter confirms that the acquisition of a 55% stake in Four 20 Pharma GmbH (“Four 20”) (all as more fully described in the Form 9) has closed and that transfer of title to the above referenced interest in Four 20 has passed to the Company or a wholly-owned subsidiary of the Company, all as more particularly described in the Form 9.
Please confirm if you require anything further at this time.
Yours truly,
| Signed: | “Peter Clateman” |
|---|---|
| Per: | Peter Clateman<br><br>Chief Legal Officer<br><br>Curaleaf Holdings, Inc. |
| --- | --- |
Exhibit 99.4
Curaleaf Completes Majority Stake Acquisitionof Germany's Four 20 Pharma
Deal Solidifies Curaleaf's Strategic Advantagein Germany as the Country Prepares for Adult-Use
WAKEFIELD, Mass., Sept. 19, 2022 -- Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, today announced the completion of its agreement to acquire a 55% stake in Four 20 Pharma GmbH, a fully EU-GMP & GDP licensed German producer and distributor of medical cannabis.
Boris Jordan, Executive Chairman of Curaleaf, stated, "We are pleased to complete the transaction with Four 20 Pharma and I am personally thrilled to welcome Torsten and Thomas to the Curaleaf family. Our early focus on Europe has given Curaleaf a formidable strategic asset and strong foundation in one of the industry’s critical global markets. Curaleaf is the only U.S. MSO uniquely positioned to capitalize on the opportunity.”
With the close of the transaction, Curaleaf has solidified a strategic pathway to acquire complete control of Four 20 Pharma after two years of the commencement of adult-use in Germany, which is slated to begin in early 2024.
Miles Worne, President of Curaleaf International, said, "Four 20 Pharma is an ideal asset to accelerate our growth in Germany as the country readies for its conversion from medical cannabis to adult-use. Curaleaf International continues to build our platform in eight markets, and this deal further underscores our aspiration to be a major player in the European market and the global industry leader.”
About Curaleaf Holdings
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to improve lives by providing clarity around cannabis and confidence around consumption. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf and Select, provide industry-leading service, product selection and accessibility across the medical and adult-use markets. In the United States, Curaleaf currently operates in 21 states with 137 dispensaries, 26 cultivation sites, and employs over 6,000 team members. Curaleaf International is the largest vertically integrated cannabis company in Europe with a unique supply and distribution network throughout the European market, bringing together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Canadian Securities Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.
About Four20 Pharma
Four 20 Pharma is a leading, fully EU-GMP & GDP licensed European producer and distributor of medical cannabis with industry-leading product quality and best-in-class regulatory expertise. Four 20 Pharma entered the German market with the vision to guarantee continuous patient care, and since the launch in 2020 of its "420NATURAL" brand, the company has created a steady supply chain to deliver the best possible cannabis products to its patients. The company employs 41 team members and is based in Paderborn, Germany.
FORWARD-LOOKING STATEMENTS
This media advisory contains forward–looking statements and forward–looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or, "proposed", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward–looking statements and information concerning the opening of a new dispensary in Allentown, Pennsylvania. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed March 9, 2022, which is available under the Company's SEDAR profile at http://www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
INVESTOR CONTACT
Curaleaf Holdings, Inc.
Camilo Lyon, Chief Investment Officer
IR@curaleaf.com
MEDIA CONTACTS
Curaleaf Holdings, Inc.
Tracy Brady, SVP Corporate Communications
media@curaleaf.com
Four20 Pharma GmbH
Christopher Thiele
christopher.thiele@420pharma.eu