Hartford Enterprise has seen the transfer that has views and a Marina is Boris to hire an excellent yacht!
Is the world's largest publicly traded hashish firm quietly transferring its headquarters to Connecticut?
It appears so.
Curaleaf Holdings Inc. lists its “principal enterprise tackle” as 290 Harbor Drive, in Stamford, in keeping with an Aug. 7 submitting with the Toronto Inventory Alternate, the place the corporate's inventory trades.
The property at 290 Harbor Drive, referred to as Shippan Touchdown, is a 17-acre luxurious workplace advanced with ocean views. It’s a quick stroll from Stamford Practice station and has a marina.
The corporate's first press launch to make use of a Stamford date was issued on June 24. Previous to this, Curaleaf listed its headquarters on Lexington Avenue in New York Metropolis, and was beforehand based mostly in Wakefield, Massachusetts. A Curaleaf spokesperson stated the New York and Massachusetts places of work have closed.
A spokesman for the state Division of Financial and Neighborhood Growth stated the company has not offered any help to Curaleaf.
As of June 30, Curaleaf operated in 17 US states, working 146 dispensaries, 19 cultivation websites and 22 processing websites.
It’s a vital participant in Connecticut's hashish market, working authorized marijuana dispensaries in Groton, Hartford, Manchester and Stamford, and a big cultivation facility in Simsbury.
Internationally, the corporate is licensed to develop hashish in Portugal and Canada. It has 4 hashish processing and manufacturing services in Germany, Spain, Canada and the UK, and is licensed to distribute hashish in Germany, Poland, Canada, Switzerland and the UK.
As well as, Curaleaf wholesales hashish in Australia, New Zealand, the UK andthroughout Europe, together with Germany, Italy and Poland.
In 2023, the corporate reported $1.3 billion in web income, up 5.5% from a 12 months earlier, however a lack of $290 million, an enchancment from a lack of $376.9 million in 2022.
Amid these losses, Curaleaf has pulled again partially from the US market. In January 2023, it introduced plans to shut its manufacturing and cultivation operations in California, Colorado and Oregon.
The change of CEO
In the meantime, Curaleaf introduced on Wednesday that its board has named government chairman Boris Jordan to the positions of president and CEO, efficient August 16.
The present CEO, Matt Darin, will proceed as a particular advisor till the top of the 12 months.
The announcement passed off in the course of the firm's second quarter earnings name. Curaleaf reported web earnings of $342 million in the course of the quarter, a 2% improve from the second quarter of 2023, however an total lack of $49.8 million.
Throughout the first six months of 2024, Curaleaf stated it made $37.8 million in capital investments, together with tradition, automation and gross sales enlargement in strategic markets.
Jordan, the brand new CEO, co-founded Curaleaf in 2014. Since 2015 he has held the place of government chairman.
He has been the topic of controversy over his enterprise historical past in Russia.
In accordance with a 2022 report in The Guardian, Jordan spent the higher a part of twenty years in Russia and earned a fame “because the nation's most distinguished overseas funding financial institution.”
The publication additionally reported that Jordan admitted that he “as soon as had an in depth relationship with (Russian President Vladimir) Putin.”
https://www.hartfordbusiness.com/article/without-fanfare-worlds-largest-publicly-traded-cannabis-company-lists-a-new-ct-hq-address
