May 1 (Reuters) - Curaleaf Holdings Inc CURA.CD :
* CURALEAF TO ACQUIRE SELECT, THE LEADING CANNABIS WHOLESALE BRAND IN THE U.S.
* CURALEAF HOLDINGS INC - ALL-STOCK TRANSACTION VALUED AT C$1.27 BILLION OR US$948.8 MILLION
* CURALEAF HOLDINGS INC - POST-TRANSACTION, CURA WILL HAVE APPROXIMATELY 16% PRO FORMA OWNERSHIP OF CURALEAF ON A FULLY-DILUTED BASIS.
* CURALEAF - EQUITY HOLDERS WILL BE ELIGIBLE TO RECEIVE AN EARN-OUT OF UP TO US$200 MILLION FROM ISSUANCE OF ADDITIONAL SUBORDINATED VOTING SHARES
* CURALEAF HOLDINGS - CURALEAF WILL ACQUIRE OUTSTANDING EQUITY SECURITIES OF CURA THROUGH ISSUANCE OF APPROXIMATELY 95.6 MILLION SUBORDINATED VOTING SHARES
* CURALEAF HOLDINGS INC - IMMEDIATELY UPON CLOSE, CAMERON FORNI WILL JOIN CURALEAF AS PRESIDENT OF SELECT
* CURALEAF HOLDINGS INC - FORNI WILL JOIN CURALEAF BOARD OF DIRECTORS, EXPANDING BOARD TO SIX MEMBERS