Curaleaf Acquires Deseret Wellness

March 29, 2023

Curaleaf Holdings, Inc. agreed to acquire Deseret Wellness in a cash-and-stock transaction valued at approximately US$20 million. The deal adds three medical cannabis dispensaries in Park City, Provo and Payson (combined annualized revenue ~$14 million), expanding Curaleaf’s Utah retail footprint to four dispensaries and its nationwide store count to about 150.

Buyers
Curaleaf Holdings, Inc.
Targets
Deseret Wellness
Industry
Retail
Location
Utah, United States
Transaction Type
Buyout

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