The Daily Hit: November 8th, 2021

It’s time for your Daily Hit of cannabis financial news for November 8th, 2021 .

On the Site

Curaleaf Buys Reef Dispensaries for $286 Million

Curaleaf Holdings, Inc. (OTCQX: CURLF) is buying western state operator Tryke Companies known for its Reef Dispensaries in a deal valued at approximately $286 million. The acquisition is expected to close in the second half of 2021. Curaleaf said it will be immediately accretive. Tryke is expected to deliver nearly $110 million in full year 2021 revenue.

Third Quarter Cannabis Company Index Recap Published

Green Market Report has published its third quarter recap for the Cannabis Company Index. The Index removed KushCo Holdings to reflect the acquisition by Greenlane, Gage Cannabis was removed due to TerrAscend’s pending acquisition of the company.  

In Other News

Curaleaf Reports Third Quarter 2021 Results

Curaleaf reported a record revenue of $317 million for the third quarter, as reported last night. This represents a 2% sequential and 74% year-over-year growth. The company generated $52 million of positive operating cash flow. 

GOP Introduces New Cannabis Bill

Marijuana Moment obtained a 116-page preliminary draft of a bill titled the States Reform Act, led by Rep. Nancy Mace (R-SC). The bill would deschedule cannabis at the federal level and regulate it similarly to alcohol. 

Kaitlin Domangue

Kaitlin is a cannabis reporter for the Green Market Report, covering every angle of the industry. She also works directly with cannabis brands as a content marketer.


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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