FINWIRES · TerminalLIVE
FINWIRES

Curaleaf Launching Share Buyback Program; Rose More Than 8% on Wednesday

-- Curaleaf Holdings (CURA.TO), which rose by more than 8% yesterday, on Thursday said the Toronto Stock Exchange (TSX) approved the company to start a normal course issuer bid (NCIB).

The bid will allow the company to buy back up to near 34.4-million of its subordinate voting shares over the 12-month period starting on Apr. 20, 2026 and ending no later than Apr. 19, 2027, representing about 5% of the subordinate voting shares issued and outstanding as of Apr. 10, 2026, or an aggregate fair market value of about US$83 million based on the closing trading price of the subordinate voting shares on the TSX on Apr. 14, 2026.

As of Apr. 10, there were 687.8-million subordinate voting shares issued and outstanding.

"This share repurchase program is a meaningful way to return value to our shareholders and reflects our confidence in the strength and durability of our strategy," said Boris Jordan, Chairman and CEO.

Shares of the company closed up $0.28 to $3.60 on Wednesday on the TSX.

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL