Mr. Camilo Lyon reports

CURALEAF ENTERS INTO AN EQUITY PURCHASE AGREEMENT FOR THE VIRGINIA ASSETS OF THE CANNABIST COMPANY

Curaleaf Holdings Inc. has entered into a binding commitment to acquire The Cannabist Company's Virginia assets, which include a fully operational cultivation facility and five retail dispensaries, and the right to open one additional dispensary. Assuming all closing conditions are met, Curaleaf anticipates the transaction closing in the first quarter of 2026.

The transaction is subject to a 15-business-day go-shop period ending at 11:59 p.m. Eastern Time on Dec. 22, 2025. In the event a competing bid for the Virginia assets is accepted during the go-shop period or if The Cannabist fails to receive noteholder consent for the transaction, Curaleaf is entitled to receive a $3.3-million break-up fee and all associated expenses up to $350,000.

About Curaleaf Holdings Inc.

Curaleaf Holdings is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the company and its brands, including Curaleaf, Select, Grassroots, Find, Anthem and The Hemp Company, provide industry-leading service, product selection and accessibility across the medical and adult-use markets. Curaleaf International is powered by a strong presence in all stages of the supply chain. Its unique distribution network throughout Europe, Canada and Australasia brings together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF.

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