CapStone Holdings confirms acquisition of $50M stake in Curaleaf
Category: #health  By Pankaj Singh  Date: 2020-05-12
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CapStone Holdings confirms acquisition of $50M stake in Curaleaf

CapStone Holdings, an investment and business incubator group, recently announced that it has invested about $50 million for a stake in a provider of medical as well as adult-use cannabis products across the U.S., Curaleaf.

For the record, CapStone has been known to be among the largest investors in the recent $300 million senior loan facility for Curaleaf. Curaleaf has its headquarters located in Wakefield, Massachusetts with its presence as well as dispensaries across 17 of the states in the U.S. It manufactures a wide range of standardized, pharmaceutical-grade dose medical cannabis for the improvement of health and the well-being.

Curaleaf Holdings, Inc. is mainly traded on the Canadian Stock Exchange as well as over the counter across the U.S.

CapStone Holdings’ Heather Stone said that Curaleaf had been a practical choice for CapStone as the main focus of the company is to improve the quality of the lives of people. There has been an increase in the number of states who have been allowing the physicians to prescribe medicines that are based on cannabis to be able to address a wide range of health issues that also include cancer, seizures, pain management and glaucoma.

The founder and Chairman of CapStone, Keith J. Stone said that Curaleaf has become the leader in an industry worth $16 billion with the help of strategic acquisitions, product development, licensing and even the expansion of retail dispensaries towards the newer markets in the country. Curaleaf is well-positioned for constant expansion and growth in the United States.

CapStone Holdings, Inc. is essentially a family office that usually maintains a balanced portfolio with the help of investment strategies, helping in the maximization of innovation as well as returns with minimum risks involved. It was founded as CSI Kickstart in the year 2016 as an investment arm of the CSI Enterprises. It was reestablished in the year 2019 as CapStone Holdings Inc., named after its founder Keith J. Stone.

 

Source Credit- https://finance.yahoo.com/news/capstone-holdings-inc-invests-50-110300454.html



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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