Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer products in cannabis, today announced the opening of Curaleaf Edgewater Park, the Company’s second dispensary in New Jersey and 107th dispensary nationwide.
In addition, the Company announced that its second New Jerseycultivation facility, located in Winslow, completed its first harvest and is now fully operational. The new site has tripled Curaleaf’s cultivation capabilities to serve both the existing New Jersey medical market and the forthcoming adult-use market.
“We are thrilled to grow alongside New Jersey’s flourishing medical community and expand access to best-in-class cannabis products to patients in Edgewater Park,” said Joe Bayern, CEO of Curaleaf. “We continue to work closely with state leadership and regulators to create a successful and sustainable adult-use market, and our expansion positions us to meet the market’s increasing needs while creating hundreds of new jobs in the state.”
Curaleaf Edgewater Park is a 7,640 square foot dispensary conveniently located off the Burlington Pike at 4237 Route 130 South and is open to all patients with a valid medical card. Curaleaf has been serving New Jersey’s medical community since the opening of its Bellmawr dispensary in 2015, and the Company anticipates opening a third dispensary in Central New Jersey later this summer. Patients will have expanded access to Curaleaf’s diverse line of award-winning product offerings including branded flower, vapes and ingestible products.
On June 25, Curaleaf will hold an opening day ceremony featuring a ribbon cutting, swag bags for the first 500 patients, and raffles for a store credit and gift basket. New patients will have access to an exclusive 20% discount on first purchases through July 6. In addition, Curaleaf Edgewater Park is making a $5,000contribution to Ladies in Transit Holistic Community Development Corporation, which provides families and individuals with programs and services to transition from hardship to economic stability.
“We are committed to both serving our patients and being a good member of our local communities,” said Patrik Jonsson, Curaleaf’s Northeast Regional President. “We’re proud to open our new location in Edgewater, and we look forward to making an impact in the community through Curaleaf’s Rooted In Good program.”
Rooted In Good delivers social impact by focusing efforts within three key pillars: Diversity, Equity, and Inclusion; Social Equity; and Sustainability, ultimately achieving key goals through the Company’s strategic social partnerships. As part of this initiative, Curaleaf is working toward building a fair and equitable industry for all by making a commitment to employ at least 10% of 2021 hires from communities impacted by cannabis-related offenses. The company’s 420×25 supplier diversity initiative aims to do business with 420 new cannabis brands, ancillary suppliers, and advocacy organizations from underrepresented communities in the cannabis ecosystem by the year 2025. In addition, the Company’s recently launched Executive Roundtable mentorship program, also part of Rooted In Good, includes New Jersey small business owners.
To learn more about Rooted In Good, please visit https://curaleaf.com/social-responsibility/.
