July 17 (Reuters) - Curaleaf Holdings Inc CURA.CD :
* CURALEAF TO ACQUIRE GRASSROOTS, CREATING THE WORLD'S LARGEST CANNABIS COMPANY
* CURALEAF HOLDINGS INC - CASH AND STOCK DEAL VALUED AT APPROXIMATELY $875 MILLION.
* CURALEAF HOLDINGS INC - TOTAL CONSIDERATION COMPOSED OF $75 MILLION IN CASH, 102.8 MILLION SUBORDINATE VOTING SHARES OF CURALEAF
* CURALEAF HOLDINGS INC - CORE SECURITYHOLDERS OF GRASSROOTS WILL HAVE, AS A GROUP, RIGHT TO APPOINT ONE PERSON TO SERVE ON CURALEAF BOARD
* CURALEAF HOLDINGS INC - MATT DARIN AND STEVE WEISMAN WILL JOIN CURALEAF'S SENIOR MANAGEMENT TEAM
* CURALEAF HOLDINGS INC - MITCH KAHN, CO-FOUNDER AND CEO OF GRASSROOTS, WILL FILL ALLOTTED GRASSROOTS' BOARD SEAT
* CURALEAF HOLDINGS INC - AT CLOSING, SECURITYHOLDERS IN GRASSROOTS WILL HAVE ABOUT 16% PRO FORMA OWNERSHIP OF CURALEAF