Cannabis Leader Curaleaf Makes a Major Expansion Play_老虎社区_美港股上老虎

Cannabis Leader Curaleaf Makes a Major Expansion Play

TheStreet2021-12-29

The largest cannabis company in the country, Curaleaf(CURLF), plans to acquire Bloom Dispensaries in its efforts to grow its Arizona market. As part of an all-cash deal valued at $211 million, the ...

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JonLucky
·2021-12-29
CurALeaf makes a deal to Cure-a-leaf
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCannabis Leader Curaleaf Makes a Major Expansion Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-29 14:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/curaleaf-buys-bloom-dispensaries-for-211-million?puc=yahoo&cm_ven=YAHOO><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The largest cannabis company in the country, Curaleaf(CURLF), plans to acquire Bloom Dispensaries in its efforts to grow its Arizona market.\nAs part of an all-cash deal valued at $211 million, the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/curaleaf-buys-bloom-dispensaries-for-211-million?puc=yahoo&cm_ven=YAHOO\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CURLF","symbol_name":"Curaleaf Hldgs Inc.","start_time":0,"source_url":"https://www.thestreet.com/investing/curaleaf-buys-bloom-dispensaries-for-211-million?puc=yahoo&cm_ven=YAHOO","article_id":"1187597556","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187597556","pubTimestamp":1640759811,"sourceInfo":null,"weMediaInfo":null,"summary":"The largest cannabis company in the country, Curaleaf(CURLF), plans to acquire Bloom Dispensaries in","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CURLF":"Curaleaf Hldgs Inc."},"translate_title":"大麻领袖Curaleaf做了一个重大的扩张游戏","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CURLF":0.9},"content_text":"The largest cannabis company in the country, Curaleaf(CURLF), plans to acquire Bloom Dispensaries in its efforts to grow its Arizona market.\nAs part of an all-cash deal valued at $211 million, the Wakefield, Mass.-based Curaleaf committed to purchasing the Arizona-based marijuana dispenser and two processing facilities Phoenix and multiple dispensaries in Tucson, Peoria, and Sedona.\nThe deal is expected to close in January 2022 after regulator approval.\nCuraleaf Has Big Expansion Plans\nThe move is part of Curaleaf's larger plan to expand its reach in different parts of the country and Arizona in particular — the Bloom acquisition will bring it up to 16 dispensaries in Arizona and 128 across the country.\nIt chose Bloom, which is expected to generate $66 million in revenue and EBITDA margins of more than 40%, for its \"attractive financial profile.\"\n\"Bloom has built a strong and profitable business, and we believe the combination of our two companies will enhance our competitive position and ability to continue gaining share in the highly attractive Arizona market,\" Curaleaf CEO Joseph Bayern said in a press statement.\nHow Is Curaleaf Paying for the Deal?\nCuraleaf will initially pay out $51 million in cash at closing. 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Curaleaf is 34.33% to $8.48 year-over-year and down 2.59% since this morning.\n\"In addition to bolstering our strong position in this key growth market with an attractive portfolio of retail and cultivation assets, Bloom will be immediately accretive to our adjusted EBITDA margins upon close,\" says Curaleaf Executive Chairman Boris Jordan.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":696702386,"gmtCreate":1640760631883,"gmtModify":1640760632938,"author":{"id":"3573703375513385","authorId":"3573703375513385","authorIdStr":"3573703375513385","name":"JonLucky","avatar":"https://static.tigerbbs.com/15afb66e92e4e4d6d1a8e9b7854e9d5e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"CurALeaf makes a deal to Cure-a-leaf&nbsp;","listText":"CurALeaf makes a deal to Cure-a-leaf&nbsp;","text":"CurALeaf makes a deal to Cure-a-leaf","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696702386","repostId":1187597556,"repostType":4,"repost":{"id":"1187597556","pubTimestamp":1640759811,"share":"https://www.laohu8.com/m/news/1187597556?lang=&edition=full","pubTime":"2021-12-29 14:36","market":"us","language":"en","title":"Cannabis Leader Curaleaf Makes a Major Expansion Play","url":"https://stock-news.laohu8.com/highlight/detail?id=1187597556","media":"TheStreet","summary":"The largest cannabis company in the country, Curaleaf(CURLF), plans to acquire Bloom Dispensaries in","content":"<p>The largest cannabis company in the country,&nbsp;Curaleaf(<b>CURLF</b>), plans to acquire Bloom Dispensaries in its efforts to grow its Arizona market.</p>\n<p>As part of an all-cash deal valued at&nbsp;$211 million, the Wakefield, Mass.-based Curaleaf committed to purchasing the Arizona-based marijuana dispenser and two processing facilities Phoenix and multiple dispensaries in Tucson, Peoria, and Sedona.</p>\n<p>The deal is expected to close in January 2022 after regulator approval.</p>\n<p><b>Curaleaf Has Big Expansion Plans</b></p>\n<p>The move is part of Curaleaf's larger plan to expand its reach in different parts of the country and Arizona in particular — the Bloom acquisition will bring it up to&nbsp;16 dispensaries in Arizona and 128 across the country.</p>\n<p>It chose Bloom, which is expected to generate $66 million in revenue and EBITDA margins of more than 40%, for its \"attractive financial profile.\"</p>\n<p>\"Bloom has built a strong and profitable business, and we believe the combination of our two companies will enhance our competitive position and ability to continue gaining share in the highly attractive Arizona market,\" Curaleaf CEO Joseph Bayern said in a press statement.</p>\n<p><b>How Is Curaleaf Paying for the Deal?</b></p>\n<p>Curaleaf will initially pay out $51 million in cash at closing. For the rest, it signed promissory notes of $50 million, $50 million, and $60 million due on the first, second, and third anniversary of the close.</p>\n<p>News of the acquisition has not had an upward effect on the company's value. Curaleaf is 34.33% to $8.48 year-over-year and down 2.59% since this morning.</p>\n<p>\"In addition to bolstering our strong position in this key growth market with an attractive portfolio of retail and cultivation assets, Bloom will be immediately accretive to our adjusted EBITDA margins upon close,\" says Curaleaf Executive Chairman Boris Jordan.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cannabis Leader Curaleaf Makes a Major Expansion Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCannabis Leader Curaleaf Makes a Major Expansion Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-29 14:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/curaleaf-buys-bloom-dispensaries-for-211-million?puc=yahoo&cm_ven=YAHOO><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The largest cannabis company in the country, Curaleaf(CURLF), plans to acquire Bloom Dispensaries in its efforts to grow its Arizona market.\nAs part of an all-cash deal valued at $211 million, the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/curaleaf-buys-bloom-dispensaries-for-211-million?puc=yahoo&cm_ven=YAHOO\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CURLF":"Curaleaf Hldgs Inc."},"source_url":"https://www.thestreet.com/investing/curaleaf-buys-bloom-dispensaries-for-211-million?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187597556","content_text":"The largest cannabis company in the country, Curaleaf(CURLF), plans to acquire Bloom Dispensaries in its efforts to grow its Arizona market.\nAs part of an all-cash deal valued at $211 million, the Wakefield, Mass.-based Curaleaf committed to purchasing the Arizona-based marijuana dispenser and two processing facilities Phoenix and multiple dispensaries in Tucson, Peoria, and Sedona.\nThe deal is expected to close in January 2022 after regulator approval.\nCuraleaf Has Big Expansion Plans\nThe move is part of Curaleaf's larger plan to expand its reach in different parts of the country and Arizona in particular — the Bloom acquisition will bring it up to 16 dispensaries in Arizona and 128 across the country.\nIt chose Bloom, which is expected to generate $66 million in revenue and EBITDA margins of more than 40%, for its \"attractive financial profile.\"\n\"Bloom has built a strong and profitable business, and we believe the combination of our two companies will enhance our competitive position and ability to continue gaining share in the highly attractive Arizona market,\" Curaleaf CEO Joseph Bayern said in a press statement.\nHow Is Curaleaf Paying for the Deal?\nCuraleaf will initially pay out $51 million in cash at closing. For the rest, it signed promissory notes of $50 million, $50 million, and $60 million due on the first, second, and third anniversary of the close.\nNews of the acquisition has not had an upward effect on the company's value. Curaleaf is 34.33% to $8.48 year-over-year and down 2.59% since this morning.\n\"In addition to bolstering our strong position in this key growth market with an attractive portfolio of retail and cultivation assets, Bloom will be immediately accretive to our adjusted EBITDA margins upon close,\" says Curaleaf Executive Chairman Boris Jordan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7133920,"gmtCreate":1640760720474,"gmtModify":1640760720578,"authorId":3583916713249739,"author":{"id":3583916713249739,"authorId":3583916713249739,"name":"lololol13","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696702386,"type":1,"supId":0,"prevId":0,"content":"<u>haha</u>","text":"<u>haha</u>","html":"<u>haha</u>"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":9,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}