No, The World’s Biggest Cannabis Company Is Not Russian-Owned

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Days following Russia's invasion of Ukraine, posts began circling Twitter and Reddit warning cannabis stock investors that Curaleaf is 'Russian owned,' and is 'directly associated with Russian oligarchs.'

. After his stint at Sibneft, Blokh and a partner consolidated Russia's dairy industry under Unimilk and merged with Danone in 2010.

“Both Boris Jordan and Andrey Blokh are U.S. citizens, so I disagree with the notion that Western sanctions on Russia would have a direct impact on Curaleaf’s business,” says McGinley. “If Curaleaf had the ability to raise capital from U.S. citizens who happened to become very wealthy from investing in Russia in the 1990s and 2000s, then so be it.”

When asked about the invasion of Ukraine, Jordan referred to it as a “catastrophe” and “disaster” and something “which none of us can believe is happening.” Jordan’s ancestors are half-Ukrainian and half-Russian. “This is a major travesty for my family,” he says.

 

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