Curaleaf To Fund Maryland Growth With $31.5M Pot Asset Sale

Law360 (November 6, 2020, 4:10 PM EST) -- Pot giant Curaleaf on Friday said it will sell $31.5 million worth of medical marijuana production facilities in Maryland to fund an acquisition that would double its cultivation and processing capacity in the state.   

Curaleaf, one of the largest operators in the country with a presence in 23 states, will sell a 22,000-square-foot cultivator and processor to TerrAscend Corp. for $25 million in cash along with a $2.5 million interest-bearing note payable to Curaleaf in two years.

The company also said it has closed the sale of a processing license in Maryland to an unspecified buyer for $4 million....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!