Cannabis multistate operator Curaleaf Holdings completed its acquisition of Northern Green Canada, a licensed producer in Ontario whose focus has been on international markets.
The terms of the acquisition include an initial payment at closing of Curaleaf’s subordinate voting shares valued at roughly $16 million (22 million Canadian dollars), according to a Monday news release.
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The deal also includes an earnout based on the 2024 performance of Northern Green Canada (NGC) worth up to 50%, paid in cash and additional shares.
Curaleaf said it made the move to “amplify” its strategic advantage in European markets, including Germany, Poland and the United Kingdom.
It also gives the New York-based MSO a foothold in the emerging markets of Australia and New Zealand.
“We are thrilled
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