Curaleaf Acquiring Colorado Grower Los Suenos for $67 Million

Eric Volkman, The Motley Fool
·2 min read
Curaleaf Acquiring Colorado Grower Los Suenos for $67 Million

U.S.-based multistate operator Curaleaf (OTC: CURLF) announced it has signed an agreement to acquire Los Suenos Farms, which it says is the largest outdoor grow operation in Colorado. Curaleaf will pay $67 million in a mix of cash and stock for its new asset. A total of 61% of the purchase price is to be paid in Curaleaf stock; 29% will be transacted in cash at the closing of the deal, and 10% will be in assumed debt maturing in five years.

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