2026-02-09, 5:47:04 a.m.
STAMFORD, Conn. — February 9, 2026 — Leads & Copy — Curaleaf Holdings, Inc. has secured commitments for a private placement of US$500 million in senior secured notes due February 1, 2029.
The cannabis company intends to use the proceeds to refinance its existing US$475 million senior secured notes due December 15, 2026, of which $457 million is currently outstanding. The remaining funds will support global growth initiatives and cover transaction fees and expenses.
The notes, to be issued at face value, are senior secured obligations bearing interest at 11.5% per annum, payable semi-annually until maturity, unless redeemed or purchased earlier. A trust indenture will govern the notes, permitting additional issuances subject to leverage covenants and other terms, as well as up to US$100 million in senior bank financing. The offering is expected to close around February 18, 2026, pending customary closing requirements.
Curaleaf Chairman and CEO Boris Jordan stated that strong demand from new and existing investors led to an oversubscribed offering, making it the largest note offering in the U.S. cannabis industry to date. Jordan noted the commitment of ten first-time cannabis lenders in this transaction, reflecting institutional investor confidence in Curaleaf.
Jordan added that the transaction strengthens the company’s balance sheet, extends maturities to 2029, and provides flexibility to pursue global growth opportunities, backed by consistent cash generation. The company is positioned to execute its long-term growth strategies with strong institutional backing.
The notes are offered via private placement in specific Canadian provinces and territories under applicable exemptions from Canadian securities laws. They may also be sold in the United States to or for the account or benefit of “U.S. persons” on a private placement basis to “qualified institutional buyers” and “accredited investors” under an exemption from the U.S. Securities Act, and in other jurisdictions outside of Canada and the United States as agreed upon by the Agents and the Company, in compliance with applicable laws. The issued notes will be subject to a standard four-month hold period under Canadian securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Curaleaf Holdings, Inc. aims to enhance lives by cultivating, sharing, and celebrating the power of cannabis. With brands including Curaleaf, Select, Grassroots, Find, and Anthem, the company provides industry-leading service, product selection, and accessibility across medical and adult-use markets. Curaleaf International operates a distribution network throughout Europe, Canada, and Australasia.
Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF.
Source: Curaleaf Holdings, Inc.
