Curaleaf Holdings Acquires Tryke Companies (Reef Dispensaries)

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.