M&A
confidence high
sentiment positive
materiality 0.40
Curaleaf acquires equity stake in Boone Town Provisions, expanding NJ footprint to four dispensaries
Curaleaf Holdings, Inc.
- Acquired an equity stake and certain operating rights in Boone Town Provisions, a dispensary at 677 Myrtle Ave., Boonton, NJ; deal value not disclosed.
- Expands Curaleaf to four New Jersey dispensaries — Bellmawr, Bordentown, Edgewater Park and Boonton — and 191 dispensaries nationwide.
- Boone Town Provisions opened in July 2024 and is a 6,400-square-foot storefront Curaleaf calls one of New Jersey's top-performing dispensaries.
- Company expects the storefront to be immediately accretive to its New Jersey business and to increase its vertical position in the state.
- CEO Boris Jordan cited an attractive valuation consistent with disciplined capital allocation; no purchase price or closing conditions disclosed.