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CT marijuana parent co. goes public in $400M capital raise

Curaleaf Holdings Inc., which has marijuana operations in a dozen states, including a cultivation facility in Simsbury, is now publicly traded after completing a $400 private placement offering.

The British Columbia parent company of Massachusetts-based Curaleaf Inc. is now traded on the Canadian Securities Exchange under the ticker symbol CURA.

The company has a market value of about $4 billion, Reuters reported.

“Listing on the Canadian Securities Exchange is a critical step in our growth trajectory,” CEO Joseph Lusardi said in a statement. “We remain committed to growing our business through aggressive organic growth and the strategic deployment of capital into accretive acquisitions that extend our brand into the most attractive U.S. markets.”

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