/zigman2/quotes/203485866/delayed CA:CURA -1.98%
May 23, 2019 (NetworkNewsWire via COMTEX) -- Curaleaf Holdings /zigman2/quotes/203485866/delayed CA:CURA -1.98% (otcqx:CURLF), a leading vertically integrated cannabis operator in the United States, today announced its acquisition of exclusive rights to operate the Emerald dispensary in Gilbert, AZ, whose license is held by Arizona non-profit corporation Absolute Healthcare, Inc. Per the update, Emerald is the only dispensary licensed to operate in the town of Gilbert, located in the metro Phoenix area, and it will be rebranded as Curaleaf upon closing of the transaction. "This store fits very well into our existing footprint in Phoenix and is expected to be immediately accretive," Curaleaf CEO Joseph Lusardi said in the news release. "Combining Emerald's large patient base with Curaleaf's established supply chain is anticipated to generate strong earnings and enhance patient care in Arizona."
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About Curaleaf Holdings
Curaleaf Holdings, Inc. /zigman2/quotes/203485866/delayed CA:CURA -1.98% (otcqx:CURLF) ("Curaleaf") is the leading vertically integrated multi-state cannabis operator in the United States. It is a high-growth cannabis company with a national brand known for quality, trust and reliability. The company is positioned in highly populated, limited license states, and currently operates in 12 states with 44 dispensaries, 12 cultivation sites and 11 processing sites. Curaleaf has the executive expertise and research and development capabilities to provide leading service, selection, and accessibility across the medical and adult-use markets, as well as the CBD category through its Curaleaf Hemp brand. For more information, visit the company's website at www.Curaleaf.com .
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