$CURA.TO

Curaleaf Confirms Previously Announced 1-for-3 Reverse Stock Split of Its Subordinate Voting Shares Will Become Effective on June 5, 2026

Curaleaf Launches Stock Split Ahead of Planned U.S. Stock Exchange Uplisting

Cannabis company Curaleaf (CURA.TO) has launched a 1-for-3 reverse stock split of its shares ahead of its planned U.S. stock exchange uplisting, the company said Tuesday.The reverse stock split will become effective about June 5 and ensures that the company meets the share price level criteria established by U.S. exchanges.The reverse stock split also allows the company's shares to trade above limits set by certain retail brokerage firms, and to broaden institutional investor participation, Curaleaf said.Following the stock split, Curaleaf's issued and outstanding subordinate voting shares will be reduced to 232,909,336 from 698,728,008 shares."Rescheduling of medical cannabis has created a potential pathway toward uplisting to a major U.S. exchange, and we're now more prepared than ever," CEO Boris Jordan said.

Curaleaf Announcing 1-for-3 Reverse Stock Split in Preparation for U.S. Stock Exchange Uplisting

Curaleaf (CURA.TO), an international provider of consumer cannabis products, announced Tuesday that a 1-for-3 reverse stock split of its shares will become effective on or about June 5, 2026, as the company prepares for U.S. Stock Exchange uplisting, in response to cannabis rescheduling in that country.Curaleaf's board has approved a proposal to effect a reverse stock split of the company's subordinate voting shares at a ratio of one post-consolidation share for each three pre-consolidation shares, a statement said. This initiative is being done in consultation with major U.S. stock exchanges, and is expected to enable the company to uplist as soon as the opportunity is available, it added.Shares in CURA rose $0.08 or 1.7% at $4.70 in Canada yesterday.

Curaleaf Announcing 1-for-3 Reverse Stock Split in Preparation for U.S. Stock Exchange Uplisting

Curaleaf Holdings Opens Two New Stores in Florida

Curaleaf Holdings (CURA.TO) has expanded its footprint in Florida with the opening of two new medical dispensaries in Jacksonville Beach and in Fernandina Beach, the company said Friday.The two new locations bring Curaleaf's Florida dispensaries to 73 and its nationwide total to 165 stores."The continued expansion of our Florida retail footprint reflects our long-term strategy to strengthen our presence in this key medical cannabis market," CEO Boris Jordan said."As we continue to scale thoughtfully across Florida, we're enhancing our ability to deliver localized product offerings and patient-focused services while maintaining consistent, high-quality access for the medical community statewide," Jordan added.

Curaleaf Swings to Q1 Profit As Revenues Beat Expectations

Curaleaf (CURA.TO) reported a swing to a surprise first-quarter profit, boosted by better than expected revenues.The company reported net income from continuing operations of US$70.1 million, or US$0.09 per share, compared with a loss of US$50.1 million, or a loss of US$0.09 per share. Analysts polled by FactSet had forecast a loss of US$0.08 per share.Revenue climbed 6% over the same period, to US$324 million, beating the US$317 million forecast."The macro headwinds that constrained growth over the past three years are now beginning to turn into meaningful tailwinds. Moreover, the historic rescheduling of medical cannabis provides a shift in the trajectory of our business and the industry overall, for which we are well-positioned," said chief executive Boris Jordan. "The investments we've made in the core pillars of our "Built for Growth" strategy are translating directly into tangible performance," he added.Curaleaf shares closed up $0.28, to $4.73 on Tuesday on the Toronto Stock Exchange.

Earnings Flash (CURA.TO) Curaleaf Reports Q1 Revenue US$324.2M, vs. FactSet Est of $317.0M

Curaleaf Q1 2026 Net Revenue of US$324M; Net Income of $70M

TSX Closer: The Index Recovers From Tuesday's Slump, Boosted By Higher Commodity Prices and Cannabis Stocks

The Toronto Stock Exchange on Wednesday recovered from its day-prior slump, boosted by cannabis stocks and higher commodity prices, even as National Bank said the positive impact of commodities on the real economy is expected to be limited.The resources-heavy S&P/TSX Composite Index closed up 146.81 points, or 0.4%, to 33,955.11, after losing near 550 points on Tuesday, only its third loss in the last 16 sessions.Most sectors were higher, led by Health Care, up 6.6%, amid reports the U.S. Justice Department will ease restrictions around the cannabis market this week. Among individual related stocks, Curaleaf (CURA.TO) jumped 25%.Among other sectors, Base Metals was up 3.7% and Telecom up 2.75%. The Battery Metals Index was down 5.8%.National Bank published its Monthly Economic Monitor on Economics and Strategy report entitled 'Can the commodities boom revitalize the economy?'. National Bank noted the commodity price surge is bolstering terms of trade, public finances, and corporate profits in Canada's resource sector. "But its positive impact on the real economy is expected to be limited, it said, before adding: "Despite a sharp rise in energy and commodity prices, the resource sector, which is not labour-intensive and faces a lack of incentives to invest, is unlikely to generate many jobs, while weakness persists in other sectors, including manufacturing."At the same time, the bank said, consumers face several headwinds, including inflation that is set to rise temporarily and a downturn in the housing market is exacerbated by population decline, which is resulting in a negative wealth effect.The bank added: "The slowdown in immigration is limiting economic growth in 2026, which is expected to come in at 1.0%, a pace sufficient for the labour market to improve somewhat by the end of the year. A relatively smooth renegotiation of CUSMA is necessary for such an improvement to materialize."Of commodities today, West Texas Intermediate crude oil rose after the United States extended a ceasefire with Iran while continuing to blockade the country's ports, and as Iran attacked ships in the Persian Gulf while rejecting talks with the U.S. until the blockade is lifted. WTI crude oil for June delivery closed up US$3.29 to settle at US$92.96 per barrel, while June Brent oil was last seen up US$3.65 to US$102.13.Gold traded higher on Wednesday following two losing sessions after the United States extended a ceasefire related to its war on Iran. Gold for June delivery was up US$35.70 to US$4,755.30 per ounce.

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.