All articles tagged with #curaleaf holdings
Curaleaf Holdings, Inc. has responded to media speculation about a potential transaction involving the company, stating that it does not comment on market rumors. The leading cannabis provider operates in 19 states in the US and is the largest vertically integrated cannabis company in Europe. Curaleaf intends to refrain from further comment unless required by law.
Canadian cannabis company Cronos Group has confirmed that it is reviewing unsolicited indications of interest from potential buyers, but stated that it is still in the early stages of any possible deal. The company, backed by tobacco giant Altria, has received inquiries about a potential transaction involving Cronos. U.S. cannabis company Curaleaf Holdings is among the potential buyers. However, Cronos has made no assurances about any deal announcements. The potential merger talks come as the Canadian cannabis market faces oversupply and depressed stock prices, leading to potential consolidation in the sector.