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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