Curaleaf Cancels Acquisition of Cannabist's Virginia Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Source: NASDAQ.COM
Termination of Acquisition: Curaleaf Holdings has terminated its binding commitment to acquire The Cannabist Company's Virginia assets, following a competing bid that exceeded fair value.
Break Fee: The company expects to receive a $3.3 million break fee as a result of canceling the acquisition agreement.
Future Strategy: Curaleaf plans to remain disciplined and opportunistic in pursuing future acquisition opportunities despite the cancellation.
Stock Performance: Following the announcement, Curaleaf's stock closed down 32.05% at CAD 4.4100 on the Toronto Stock Exchange.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
