Mr. Daniel Foley reports

CURALEAF APPOINTS JOE BAYERN PRESIDENT, CURALEAF HOLDINGS, INC., EXPANDING EXECUTIVE LEADERSHIP TEAM AS COMPANY CONTINUES TO GROW

Joe Bayern will become president of Curaleaf Holdings Inc., effective immediately. Mr. Bayern brings over 20 years of executive leadership experience in consumer packaged goods at a critically important moment in Curaleaf's growth trajectory. He will report to Curaleaf chief executive officer Joseph Lusardi.

As president, Mr. Bayern will work closely with the senior executive team to lead the company and oversee its continued growth. Mr. Bayern will primarily be focused on driving operational excellence and executing on Curaleaf's mission. CEO Mr. Lusardi will continue to oversee the strategic vision and operations of the company.

In 2019, Curaleaf announced two transformational acquisitions: Select, the leading cannabis wholesale brand in the United States, and Grassroots, the largest private vertically integrated cannabis operator. Both acquisitions are expected to close in 2020, bringing together the fastest-growing cannabis brands and creating a leading national platform. Mr. Bayern will oversee the integrations of these acquisitions and partner with the Curaleaf management team to drive growth, synergies and operational efficiencies.

"Joe Bayern brings the expertise, track record and passion that will help take Curaleaf to the next level," said Curaleaf CEO Mr. Lusardi. "His experience in senior leadership roles in consumer goods, and most recently cannabis, will greatly enhance our ability to operate and excel in our next phase of growth."

"I'm thrilled to join Curaleaf at such an exciting time in the company's growth trajectory," said Curaleaf president Mr. Bayern. "For me, Curaleaf stands out as the most dynamic business in the industry and I'm looking forward to working with Joe Lusardi and the rest of the team to continue our leadership in this sector."

Mr. Bayern joins Curaleaf from Indus Holdings, a vertically integrated cannabis company, where he served as president since January, 2019. Before Indus, Mr. Bayern served as CEO of the global beverage leader Voss of Norway. Prior to this, Mr. Bayern spent 15 years playing an integral role in several large-scale business transformations, with achievements that include the creation of the $6-billion Dr. Pepper Snapple Group and the transformation of Cadbury into a singularly focused confectionary leader.

About Curaleaf Holdings Inc.

Curaleaf is the leading vertically integrated multistate cannabis operator in the United States. It is a high-growth cannabis company with a national brand known for quality, trust and reliability. The company is positioned in highly populated, limited-licence states, and currently operates in 12 states with 51 dispensaries, 14 cultivation sites and 13 processing sites.

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