Curaleaf buys cannabis business Tryke Companies

Curaleaf Holdings Inc.

said Monday it agreed to pay about $286 million to acquire privately-held Tryke Companies, which operates under the name Reef Dispensaries, in a bid to increase its presence in Nevada, Arizona and Utah. The deal includes $40 million in cash at closing, plus $75 million in cash in equal installments over the next three years, as well as up to 18 million subordinate voting shares of Curaleaf.

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