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Why Marijuana Stock Curaleaf Shot 11% Higher on Monday


Curaleaf Holdings (OTC: CURLF) shares rose more than 11% on Monday on news of a fresh acquisition.

The company announced that it is now the holder of the exclusive rights for the All Rebels Rockers dispensary license in Arizona, which it acquired from a Chicago-based cannabis purveyor, privately held Grassroots. Curaleaf did not specify what it paid, nor detail any of the deal's terms.

Image source: Getty Images.

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Source Fool.com

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