Curaleaf Holdings Acquires Tryke Companies (Reef Dispensaries)

October 5, 2022

Curaleaf Holdings, Inc. has completed the acquisition of Tryke Companies (dba Reef Dispensaries), a vertically integrated multi-state cannabis operator, expanding Curaleaf's cultivation and retail footprint across Arizona, Nevada and Utah. The transaction included cash and Curaleaf subordinate voting shares with total consideration of approximately US$181 million plus contingent shares tied to 2022 EBITDA targets, and is expected to be immediately accretive to Curaleaf's EBITDA and free cash flow.

Buyers
Curaleaf Holdings, Inc.
Targets
Tryke Companies (dba Reef Dispensaries)
Industry
Retail
Location
Nevada, United States
Transaction Type
Buyout

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