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Curaleaf Holdings granted final approval for Massachusetts dispensary

Cannabis
TSX:CURA
06 February 2020 11:57 (EDT)

Curaleaf Holdings (CURA) has been granted final license approval for its adult-use retail dispensary in Ware, Massachusetts.

The approval marks the company’s third Massachusetts-based adult-use location, with existing dispensaries in Oxford and Princetown.

“Providing high quality and reliable products to patients and customers in our home state of Massachusetts is a big part of our company’s strategy,” said Curaleaf CEO, Joseph Lusardi. 

“We’re excited to be opening our third adult-use dispensary here in the Commonwealth of Massachusetts.”

Headquartered in Wakefield, Curaleaf is the largest cannabis operator in the United States in terms of operational and wholesale footprint, with 53 dispensaries currently active nation-wide.

“We will be adding more than twenty new jobs to the local economy and we look forward to building an impactful, positive relationship with the community,” said Curaleaf Massachusetts President, Patrik Jonsson.

“We feel very honored to be bringing our business to Ware, located in the Hampshire County and the greater Springfield area.”

Earlier this month, Curaleaf announced the acquisition of Cura Partners Inc., owner of the popular Select brand, in a deal that “marks an unprecedented phase of growth for our company,” Mr. Lusardi said at the time.

Curaleaf shares are currently down 1.77 per cent to C$8.87, with a market cap of C$4.17 billion.

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