Curaleaf Announced Reorganization of its U.S. Operations in Connection with TSX Listing

NEW YORK, Dec. 8, 2023 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, today announced that, in connection with the previously announced conditional approval of the Toronto Stock Exchange ("TSX") to list the Company's subordinate voting shares (the "Subordinate Voting Shares") on the TSX (the "TSX Listing"), the Company proceeded with the necessary internal reorganization (the "Reorganization") of its U.S. operations. Among other things, Curaleaf, Inc. ("Curaleaf USA"), a wholly owned subsidiary of the Company entered into a subscription agreement (the "Subscription Agreement") with a third party investor which is not affiliated with the Company, Curaleaf USA or the control person of the Company (the "Investor"), pursuant to which Curaleaf USA issued to the Investor one (1) share of Class A voting and non-participating common stock (the "Class A Voting Stock"), for an aggregate subscription amount of US$1 million (the "Investment").