Marijuana multistate operator Curaleaf Holdings said it closed on its previously announced acquisition of Arizona-based Tryke Cos., with the final price tag amounting to $181 million in cash and stock.
That’s down from an effective price tag of $286 million when the purchase was first announced last November, reflecting the fall in the value of Curaleaf’s stock.
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The acquisition of Tryke – which does business as Reef Dispensaries – means Massachusetts-based Curaleaf’s nationwide footprint now totals 29 cultivation sites and 144 dispensaries.
Tryke does business in Arizona, Nevada and Utah.
The privately held company’s holdings include:
Four stores in Las Vegas, Sparks and Sun Valley, Nevada. Two dispensaries in Phoenix. Processing licenses covering 30,000 square feet of cultivation space as well as the capacity to expand to 80,000 square feet over the next three years.
Under terms of the deal, Curaleaf agreed to pay $10
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