About Curaleaf Holdings, Inc.
According to financial analysts, Curaleaf Holdings Inc. is presently selling cannabis at an annual rate of roughly $1 billion per year, and executives expect that only to increase: During the COVID pandemic in 2020, U.S. sales of legal marijuana/cannabis product grew 46 percent year-over-year to $17.5 billion, and Curaleaf surfed that wave well, watching its stock soar 274 percent.
Founded under the name PalliaTech in 2010, Curaleaf originally operated out of New Jersey, with a research center in Colorado. Financier Boris Jordan’s investment group Sputnik took a 35 percent stake in 2013, and in 2018, before going public on the Canadian Securities Exchange, the company changed its name to Curaleaf. Jordan is still on the board as Executive Chairman.
Currently headquartered in Wakefield, MA, Curaleaf has made solid growth over time through acquisitions in the cannabis industry: Most recently, it acquired the cannabis oil brand Select in 2019, and the following year it acquired Colorado-based infused-edibles maker BlueKudu—and with its 2020 purchase of Chicago-based competitor Grassroots Cannabis, Curaleaf became the world's largest cannabis company by revenue. The acquisition of Select was synergized into a partnership with music and pop culture magazine Rolling Stone, to create new cannabis products. As Gus Wenner, Rolling Stone’s president and COO, commented at the signing of the deal, “Music and cannabis go hand in hand.” Known as “Rolling Stone by Select,” the line will feature two products: a pre-roll as well as a proprietary pod system, with those formats including a number of strains and flavors.
Employing around 4,000 people, the company operates 101 dispensaries, 22 cultivation sites, and 30 processing sites in 23 states. Curaleaf says it wants to maintain close relationships with its communities, from hiring locally to supporting community initiatives, adding, “Our scale means that we also have the resources necessary to lift up and support small businesses to facilitate a dynamic and diverse cannabis industry.” Curaleaf offers good—even great—pay (depending on your specific occupation in the company), health insurance, free lunches, and other benefits, including discounts at the dispensaries.
301 Edgewater Place, Suite 405
Wakefield, MA 01880
Phone: (781) 451-0150
Employer Type: Public
Founder and Executive Chairman: Boris Jordan
CFO: Joe Bayern
CEO: Ranjan Kalia
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