Curaleaf Holdings (TSX: CURA) has refuted claims of being misquoted by Bloomberg in a recent article. The controversy arose from statements attributed to Chairman Boris Jordan suggesting that Curaleaf might protest against Section 280E of the US tax code by withholding tax payments.
Contrary to the reported remarks, the cannabis firm clarified that Jordan never explicitly stated that Curaleaf would engage in such a protest. Instead, he reaffirmed the company’s stance, stating that they are merely reviewing their tax position, a sentiment supposedly consistent with what was conveyed during Curaleaf’s earnings call.
“Like other companies in the industry, Curaleaf has an obligation to review this tax and consider its validity. Curaleaf historically pays its taxes and will continue to do so,” the firm posted on X.
Bloomberg misquoted #Curaleaf chairman @Boris_Jordan in a recent article. Mr. Jordan never said that Curaleaf would protest 280e by not paying its taxes. He in fact said exactly what he said in the earnings call: that we are reviewing our tax position. Like other companies in the…
— Curaleaf (@Curaleaf_Inc) March 7, 2024
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Curaleaf Cries Misquote, Claims Boris Jordan Never Said Firm Will Not Pay Taxes
Also watch this Video – you decide what was said
