Curaleaf slumps as NJ denies adult-use cannabis licences renewal

Green Thumb Industries

14/04/2023 16:42

** Shares of Canada-based cannabis firm Curaleaf Holdings Inc
 CURA.CD  fall 7.2% at C$3.11
    ** Board of New Jersey Cannabis Regulatory Commission (CRC)
on Thursday denied CURA renewal of its cultivation and retail
licenses for adult use, according to the New Jersey government's
website
    ** CURA adds it will remain open for business and continue
working with the CRC board to ensure renewal of adult-use
licences, including by any legal means necessary
    ** Shares of other pot companies, Cresco Labs Inc  CL.CD ,
Green Thumb Industries Inc  GTII.CD  and Canopy Growth Corp
 WEED.TO , also decline between 1% and 3%
    ** CURA down 46.5% YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))