Mr. Daniel Foley reports

GRASSROOTS SHAREHOLDERS APPROVE THE PREVIOUSLY ANNOUNCED CURALEAF ACQUISITION OF GRASSROOTS

Curaleaf Holdings Inc. and GR Companies Inc. (Grassroots), have jointly noted that Grassroots's shareholders have approved the proposed Curaleaf acquisition of Grassroots. Over 87 per cent of shareholders returned proxies approving the transaction at the July 16 shareholder meeting, resulting in unanimous approval in accordance with provisions of the Grassroots shareholders agreement. The amended Grassroots agreement was signed on June 22, 2020, with the transaction originally announced on July 17, 2019. The transaction remains subject to the satisfaction of certain customary closing conditions and is expected to close early next week.

Mitchell Kahn, co-founder and chief executive officer of Grassroots, commented: "The successful shareholder support for Curaleaf's acquisition of Grassroots is an important milestone in continuing our company's path forward in playing a leading role in the U.S. cannabis market growth. Every single shareholder who submitted a proxy (plus/minus 87 per cent) voted for the transaction; we had zero 'no' votes. We look forward to closing the transaction in the coming days and beginning the process of integrating these two incredibly talented teams while continuing to deliver high-quality cannabis products to the Grassroots community."

About Curaleaf Holdings Inc.

Curaleaf is a leading vertically integrated multistate cannabis operator with a mission to improve lives by providing clarity around cannabis and confidence around consumption.

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