Curaleaf $875 million acquisition of Grassroots Cannabis

Overview:

• Curaleaf has acquired US-based cannabis industry competitor Grassroots Cannabis in an $875 million deal. 
• The transaction makes Curaleaf the largest cannabis company in the world by revenue. 
• Eight Capital acted as financial adviser for Curaleaf and Canaccord Genuity and Stoic Advisory acted for Grassroots. 
• The transaction is expected to close in early 2020. 

Kurt Stumpo - US Editor