Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a number one vertically built-in hashish operator in the United States, and GR Companies, Inc. (“Grassroots”), collectively introduced at this time that Grassroots’s shareholders have authorised the proposed Curaleaf acquisition of Grassroots.  Over 87% of shareholder returned proxies approving the transaction at the July 16 shareholder assembly, leading to unanimous approval in accordance with provisions of the Grassroots shareholders settlement. The amended Grassroots settlement was signed on June 22, 2020 with the transaction initially introduced on July 17, 2019. The transaction stays topic to the satisfaction of sure customary closing circumstances and is anticipated to shut early subsequent week.

Mitchell Kahn, Co-Founder and CEO of Grassroots, commented, “The successful shareholder support for Curaleaf’s acquisition of Grassroots is an important milestone in continuing our company’s path forward in playing a leading role in the U.S. cannabis market growth. Every single shareholder who submitted a proxy (+-87%) voted for the transaction; we had zero ‘no’ votes. We look forward to closing the transaction in the coming days and beginning the process of integrating these two incredibly talented teams while continuing to deliver high-quality cannabis products to the Grassroots’ community.”

About Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf”) is a number one vertically built-in multi-state hashish operator with a mission to enhance lives by offering readability round hashish and confidence round consumption. As a high-growth hashish firm identified for high quality, experience and reliability, the firm and its manufacturers, Curaleaf and Select, present industry-leading service, product choice and accessibility throughout the medical and adult-use markets. The firm at the moment operates in 18 states with 57 dispensaries, 15 cultivation websites and 24 processing websites. Curaleaf employs over 2,200 individuals throughout the United States. For extra info please go to www.curaleaf.com.

FORWARD LOOKING STATEMENT     

This media advisory comprises ahead–wanting statements and ahead–wanting info inside the that means of relevant securities legal guidelines. These statements relate to future occasions or future efficiency. All statements apart from statements of historic truth could also be ahead–wanting statements or info. Generally, forward-looking statements and data could also be recognized by the use of forward-looking terminology corresponding to “plans”, ” expects” or, “proposed”, “is expected”, “intends”, “anticipates”, ” or “believes”, or variations of such phrases and phrases, or by the use of phrases or phrases which state that sure actions, occasions or outcomes could, might, would, or would possibly happen or be achieved. More significantly and with out limitation, this information launch comprises ahead–wanting statements and data regarding the closing and potential advantages to the Company of the transaction referenced herein. Such forward-looking statements and data mirror administration’s present beliefs and are based mostly on assumptions made by and data at the moment accessible to the firm with respect to the matter described on this new launch. Forward-looking statements contain dangers and uncertainties, that are based mostly on present expectations as of the date of this launch and topic to identified and unknown dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied by such statements. Additional details about these assumptions and dangers and uncertainties is contained below “Risk Factors and Uncertainties” in the Company’s newest annual info type filed September 23, 2019, which is obtainable below the Company’s SEDAR profile at www.sedar.com, and in different filings that the Company has made and should make with relevant securities authorities in the future. Forward-looking statements contained herein are made solely as to the date of this press launch and we undertake no obligation to replace or revise any forward-looking statements whether or not because of this of new info, future occasions or in any other case, besides as required by regulation. We warning buyers to not place appreciable reliance on the forward-looking statements contained on this press launch. The Canadian Securities Exchange has not reviewed, authorised or disapproved the content material of this information launch.

Source:  https://cashcroptoday.com/grassroots-shareholders-approve-the-previously-announced-curaleaf-acquisition-of-grassroots/

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