Curaleaf Snaps Up Utah Cannabis Retailer Deseret Wellness For A Cool $US20 Million In Cash & Stocks

Curaleaf Holdings Inc. said Wednesday that it agreed to acquire Utah-based cannabis retail operator Deseret Wellness for $20 million in cash and stock.

The U.S.-based, Canadian Securities Exchange-listed cannabis dispensary said it would gain through the acquisition three of Deseret Wellness’s retail dispensaries in City, Provo and Payson in Utah. The stores, which together generate $14 million in annualized revenue, would expand its existing retail footprint in the state and bring its total store count to 150 across the U.S., the company said.

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