Russian oligarch seized the American marijuana market

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www.vsyako.netBoris Jordangate: Vadim Zhernov / RIA Novosti

The largest American company on manufacture of marijuana and drugs based on it Curaleaf bought the largest private operator in the market of cannabis GR Companies. The amount of the transaction amounted to 875 million dollars. This is stated in the message on the website Curaleaf.

The transaction allowed Curaleaf to expand its presence in the U.S. market from 12 to 19 States. After the expansion of the company potentially increases the customer base to 177 million people. In addition, control of GR Companies strengthened Curaleaf as the world’s largest companies for the production of marijuana revenue as the biggest American company for the production of cannabis.

At the end of last year it became known that Curaleaf went on the canadian exchange. The company managed to attract $ 400 million and to reach capitalization of four billion, making it the biggest player in the market.

Principal owner Curaleaf is a Russian-American businessman, shareholder of “Renaissance Insurance” and the former head of NTV and holding “Gazprom-Media” Boris Jordan. He invested Curaleaf in 2017.

Video, photo All from Russia.

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