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Curaleaf Expands Footprint In Florida, Pennsylvania, And Arizona

January 25, 2022

Wakefield, Massachusetts-based Curaleaf Holdings is continuing its dual push into medical and adult-use markets with new openings in Arizona, Pennsylvania, and Florida. The latter has evolved into one of the largest and fastest growing medical markets in the U.S. The Sunshine State’s largest player is Trulieve, but Curaleaf has invested heavily and rapidly there as well. With its two new dispensaries in Tampa Bay and Largo, Curaleaf’s Florida presence now totals 44 retail locations. The Tampa Bay location opened January 15 while the Largo location is expected to open by the end of the month.

In Pennsylvania’s robust medical market, Curaleaf has opened an additional two locations, bringing its presence there to 14 dispensaries. The new stores are in Greensburg and Wayne, Pennsylvania, both of which are open now.

And in Arizona, where recreational sales have now been up and running for a year, Curaleaf has completed its acquisition of Bloom Dispensaries. The company paid $211 million for four retail locations as well as two cultivation and processing facilities, bringing Curaleaf’s footprint to 13 dispensaries in Arizona and 125 nationwide. “Bloom is an ideal asset to expand Curaleaf’s presence in Arizona,” said CEO Joseph Bayern. “Arizona represents a significant market opportunity with strong long-term growth potential, and we believe the combination of our two companies will enable Curaleaf to accelerate our growth strategy in the state.”—Danny Sullivan

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