4 Firms Steer Curaleaf's $949M West Coast Cannabis Push
By Matthew Guarnaccia (May 1, 2019, 2:14 PM EDT) -- Curaleaf Holdings Inc. on Wednesday set its sights on West Coast expansion thanks to a $948.8 million deal for cannabis company Cura Partners, with Loeb & Loeb and Stikeman Elliott steering the buyer, and Dentons and Goodmans guiding the seller.
Wakefield, Massachusetts-based Curaleaf said it will issue 95.6 million subordinated voting shares to private equity-backed Cura, amounting to a 16% stake in the combined business. Cura's equity holders also have the opportunity to earn as much as $200 million through the issuance of new shares if the combined company hits certain revenue targets in 2020, Curaleaf said.
According to Curaleaf, the...
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