Curaleaf Holdings Inc. committed to acquiring The Cannabist Company’s Virginia assets, which include a cultivation facility, five retail dispensaries, and the right to open one additional dispensary, with the closing anticipated in the first quarter of 2026. The deal includes a go-shop period ending December 22, 2025, and entitles Curaleaf to a $3.3 million break-up fee plus associated expenses if a competing bid is accepted or noteholder consent fails.

Curaleaf to Acquire Virginia Assets of The Cannabist Company

Dec 2, 2025

Mg Magazine Newswire

MG Magazine

*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.

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