Curaleaf and Grassroots Finally Merge, Creating Largest Marijuana Company in the World
More than a year after it was first agreed upon, a big tie-up in the marijuana industry has finally been completed. Curaleaf (OTC: CURLF) announced Thursday it is now the owner of Grassroots, which it says makes it the largest cannabis business in the world in terms of revenue.
Curaleaf and Grassroots originally announced they would merge in July 2019. At the time, the cash-and-stock deal was valued at roughly $875 million. Last month, however, the two companies agreed to downsize the price tag to around $700 million.
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Source Fool.com
