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Curaleaf to Buy Owner of Cannabis Brand Select for Nearly $1 Billion

Tony Owusu

announced it agreed to purchase Cura Partners, owners of the Select cannabis brand, for C$1.27 billion, or $948.8 million. The acquisition includes Select's manufacturing, processing, distribution, marketing and retailing operations and all adult-use cannabis products marketed under the Select brand name. "The transformational acquisition of Cura and the Select brand is another step in our journey to create the most accessible cannabis brands in the U.S.," said Joseph Lusardi, CEO of Curaleaf.