Curaleaf up as it cuts staff by 10%, closes majority of operations in 3 states

Curaleaf Holdings

27/01/2023 20:59

** Shares of cannabis firm Curaleaf Holdings Inc  CURA.CD 
rise 5% at $5
    ** CURA said Thursday that it is closing majority of its
operations in California, Colorado and Oregan  urn:newsml:reuters.com:*:nCNWN1qTWa
    ** Co expects $60 mln in expense savings in 2023 as it cuts
staff by 10%
    ** Says that among other measures, it will help exceeding
its initial savings target by 50%
    ** Free cash flow in 2023 is expected to exceed $125 mln -
CURA
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))