Curaleaf Bolsters Presence In Three Key Growth Markets Via $286M Acquisition Of Tryke Companies

giant Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) announced Monday that it has entered into a definitive agreement to acquire Tryke Companies, which is doing business as Reef Dispensaries.

Deal Details

Under the deal, the Wakefield, Massachusetts-based company agreed to purchase a privately held vertically integrated, multi-state operator for $286 million in cash and stock.

The price tag includes $40 million in cash, which Curaleaf agreed to pay at closing; $75 million in cash to be paid in equal installments on the first, second and third anniversaries of the closing and a stock portion of the transaction consisting of 17 million subordinate voting shares of Curaleaf, also to be paid in three equal installments under the same conditions.

In addition, an incremental earnout of up to 1 million Curaleaf shares may be paid in 2023 based on the business exceeding certain EBITDA targets for the year 2022.

The transaction, which is subject to customary approvals …

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