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Curaleaf

Curaleaf Holdings, Inc. is an American cannabis company publicly traded on the Canadian Securities Exchange. The company is headquartered in Stamford, Connecticut.[2] Founded in 2010, it produces and distributes cannabis products in North America, operating dispensaries in multiple states. As of 2025, it is the world's largest cannabis company by revenue.[3][4]

History

Curaleaf was founded in 2010 under the name PalliaTech.[5] It operated in New Jersey and had a research center in Colorado. In 2013, the investment group Sputnik purchased a 35% stake in the company.[6] The company name was changed to Curaleaf in 2018,[7] just prior to going public on Toronto's Canadian Securities Exchange under the symbol CURA.[8] It also raised $400 million in what was considered the largest stock offering in cannabis industry history.[9] By 2020, Curaleaf grew to be the largest Cannabis company in the world.[10]

Curaleaf has made several acquisitions in the cannabis industry. It acquired the cannabis oil brand Select in 2019, making it the largest cannabis operator in the United States.[11] The following year it acquired Colorado based edibles maker BlueKudu, which is known for its infused chocolates and gummies.[12] In 2020, Curaleaf became the world's largest cannabis company by revenue after the purchase of its Chicago-based competitor Grassroots Cannabis.[13] The purchase also expanded the company into 23 states in the U.S.[14]

In April 2021, Curaleaf announced that it had completed its previously announced acquisition of EMMAC Life Sciences Limited ("EMMAC"), the largest vertically integrated independent cannabis company in Europe. The acquisition gives Curaleaf cultivation, EU GMP-certified processing, distribution, and R&D operations in several key European cannabis markets, including the United Kingdom, Germany, Italy, Spain and Portugal.[15]

In May 2021, Curaleaf announced it had signed a definitive agreement to acquire Los Sueños Farms, a 36-acre outdoor marijuana growing operation in Colorado, for over $60 million.[16]

In September 2021, an Oregon subsidiary of the company, Cura Cannabis, mistakenly distributed tinctures with THC that were mislabeled as containing only CBD. This led to a recall by The Oregon Liquor and Cannabis Commission (OLCC).[17]

External links

References

  1. Consolidated Financial Statements As of and for the Years Ended December 31, 2023 and 2022 CURALEAF HOLDINGS, INC., 2024-03-06^
  2. Firstname Lastname. Without fanfare, world's largest publicly traded cannabis company lists a new CT HQ address Hartford Business Journal, retrieved December 6, 2025^
  3. Top publicly traded cannabis companies by revenue companiesmarketcap.com, retrieved 2025-12-09^
  4. Steve Gelsi. Curaleaf’s Boris Jordan to take over as CEO of largest U.S. cannabis company MarketWatch, 2024-08-08, retrieved 2025-12-09^
  5. Sam Wood. Marijuana company Curaleaf, valued at $4 billion, has big plans with Penn Medicine for King of Prussia retrieved 2022-03-17^
  6. Jordan Buys Into New Medicine The Moscow Times, 31 July 2013^
  7. Jackie Borchardt. Curaleaf gives up Ohio medical marijuana license for Clermont County facility The Enquirer, retrieved 2022-02-14^
  8. Marijuana company Curaleaf looking for $4 billion valuation Marijuana Business Daily, 14 September 2018^
  9. Bill Alpert. One of America's Richest Marijuana Companies Has Deep Russian Roots Barron's, 21 November 2018^
  10. This is now the biggest cannabis company in the world CNN^
  11. Zack Guzman. Curaleaf notches largest U.S. cannabis acquisition with nearly $1 billion deal Yahoo Finance, 1 May 2019, retrieved 11 September 2019^
  12. Cannabis giant Curaleaf to acquire Colorado edibles maker BlueKudu The Denver Post, 2020-03-02, retrieved 2020-03-18^
  13. Katherine Davis. Grassroots Cannabis to Be Acquired by Curaleaf for $875M Chicago Inno, 17 July 2019^
  14. Will Yakowicz. Inside Curaleaf Billionaire Boris Jordan's Hunger To Become The 'Frito-Lay' Of Cannabis Forbes, retrieved 2021-06-28^
  15. Curaleaf Completes Acquisition of EMMAC and Secures US$130 Million Investment from a Single Strategic Institutional Investor Curaleaf Holdings, Inc. Investor Relations, retrieved 2021-06-28^
  16. Hilal Bahcetepe. Southern Colorado Marijuana Farms Have New Ownership Westword, retrieved 2022-02-14^
  17. MJBizDaily Staff. CBD labeling mix-up leads to Oregon recall, lawsuit over THC in tinctures MJBizDaily, 2021-09-30, retrieved 2022-02-14^