Curaleaf Holdings, Inc. Announces Termination of Equity Purchase Agreement

Curaleaf Holdings, Inc. announced the termination of its binding commitment to acquire The Cannabist Company's Virginia assets. The decision was made after a due diligence process revealed that a competing bid of $130 million plus $30 million in lease liabilities exceeded the rational fair value for the assets. Curaleaf anticipates receiving a break fee of $3.3 million. The company remains committed to a disciplined acquisition strategy and will continue to pursue opportunistic investments. Curaleaf is a leading international provider of consumer cannabis products, operating in medical and adult use markets across Europe, Canada, and Australasia. The company is listed on the Toronto Stock Exchange (TSX: CURA) and trades on the OTCQX market (OTCQX: CURLF).