Curaleaf Holdings, Inc. (CURLF,CURA.TO), a provider of consumer cannabis products, on Friday announced the termination of its binding commitment to acquire The Cannabist Company's Virginia assets.
The company expects to receive a $3.3 million break fee upon cancellation of the agreement.
The decision followed a competing bid of $130 million plus a $30 million lease liability, which the company said was above fair value after due diligence.
The company said it will remain disciplined and opportunistic in pursuing future acquisition opportunities.
On Thursday, Curaleaf closed trading 32.05% lesser at CAD 4.4100 on the Toronto Stock Exchange.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.