STAMFORD, Conn. — Curaleaf Holdings Inc. has entered into a binding commitment to acquire The Cannabist Company’s Virginia assets, which include a fully-operational cultivation facility and five retail dispensaries and the right to open one additional dispensary. Assuming all closing conditions are met, Curaleaf anticipates the transaction closing in the first quarter of 2026.
The transaction is subject to a 15 business day go-shop period ending at 11:59 p.m. Eastern Time December 22, 2025. In the event a competing bid for the Virginia assets is accepted during the go-shop period or if The Cannabist fails to receive noteholder consent for the transaction, Curaleaf is entitled to receive a $3.3 million break-up fee and all associated expenses up to $350,000. Other terms of the deal were not disclosed.
