Curaleaf completes acquisition of Deseret Wellness

Curaleaf Holdings announced the completion of its previously announced acquisition of Deseret Wellness. With the close of the Transaction, Curaleaf’s retail footprint has increased to four dispensaries in Utah and 150 nationwide. Matt Darin, CEO of Curaleaf, stated, "We are excited to complete our acquisition of Deseret which bolsters Curaleaf’s medical footprint in Utah with an attractive portfolio of retail assets. Utah represents an emerging market opportunity with long-term growth potential, and we look forward to serving an expanded base of Utah medical patients with high-quality cannabis products." The cash and stock transaction, valued at approximately $20 million.