Go with perspective
Corporate & Tax

Gesmer Updegrove congratulates its client, Curaleaf, on the acquisition of Deseret Wellness, the largest retail cannabis operator in Utah

Curaleaf is the leading provider of cannabis retail products in the world. It operates 150 dispensaries and 28 cultivation sites in 19 states, with a focus on largely populated states such as Arizona, Florida, Illinois, Massachusetts, New Jersey, New York and Pennsylvania. It is also the largest vertically integrated cannabis company in Europe.

The Deseret Wellness transaction, valued at approximately $20 million, includes three retail dispensaries in Park City, Provo, and Payson. With the acquisition, Curaleaf’s retail footprint has expanded to four dispensaries in Utah. The move is a strategic fit for Curaleaf as it continues to expand its retail presence in emerging markets, including Utah, which recorded $118.7 million in sales last year.

“Some people walk in knowing what they’re looking for— a tincture to ease the pain or perhaps a flower to make the day brighter. Then there are those who walk in curious, ready to start their journey with this ancient plant.

Whatever your reason is, we’re happy you’re here, honored to be your guides. We’re here to figure out what works for you, with you. After all, cannabis is not one-size-fits-all. So, ask us anything. There’s no such thing as a bad question — only people passing knowledge under one roof.

Make yourself at home. Let’s talk about cannabis. And let our confidence become yours.” – Curaleaf’s Website

Curaleaf was represented in the acquisition by Gesmer Updegrove with a team led by Sarah Richmond.