Curaleaf Raises $31.5 Million From Asset Sales
Curaleaf (OTC: CURLF) is about to pocket $31.5 million from the sale of two sets of assets it owns, the marijuana company announced Friday. Both are located in Maryland, and are being divested in a pair of distinct transactions.
The first deal is for rights to assets held by HMS Health and HMS Processing, which the company said includes operations in a cultivation and processing facility in the municipality of Frederick. The buyer is Canada-based cannabis company TerrAscend (OTC: TRSSF). Curaleaf will receive $25 million in cash from TerrAscend when the deal closes, plus a $2.5 million interest-bearing note payable at the end of April 2022.
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Source Fool.com
