Curaleaf Holdings, Inc. completed the acquisition of Northern Green Canada Inc. for approximately $16 million.
Curaleaf Holdings, Inc. (TSX:CURA) completed the acquisition of Northern Green Canada Inc. (NGC) for approximately $16 million on April 22, 2024. Terms of the acquisition of NGC include an initial payment at closing of the Company's Subordinate Voting Shares valued at approximately $16 million, subject to a typical post-closing adjustment. An earnout may also be paid in 2025 based upon 2024 performance of NGC's operations, up to 50% of which will be cash and the rest paid in additional Subordinate Voting Shares. The issuance of Subordinate Voting Shares in connection with the acquisition of NGC has been conditionally approved by the Toronto Stock Exchange, subject to fulfilling customary listing conditions.