Lawsuit Seeks Answers on Curaleaf – Grassroots Megamerger

@grassrootscompanies

This story has been updated to include responses from Grassroots and Curaleaf.

Multi-state operator (MSO) Curaleaf said Thursday it had completed its approximately $700M acquisition of competitor Grassroots to create the world’s largest cannabis company. 

The close comes days after an investor lawsuit questions whether Grassroots’ leaders amended the deal to benefit themselves at investors' expense. Plaintiffs claim they  “have a credible basis to believe” members of the Grassroots board or senior management “may have breached their fiduciary duties,” by agreeing to a buyout that undervalued the company. (

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