Curaleaf Responds to Tweets Regarding Connections to Russia

Curaleaf, one of the largest cannabis companies in the world, has issued a press release in regard to the Russia-Ukraine crisis, and potential economic sanctions.
 
Curaleaf says that the speculation on social media that the Company and its major shareholders and executives will be subject to any U.S. government economic sanctions now or in the future is incorrect.
 
Curaleaf says that for the benefit of their investors and transparency of the market, they would like to address speculation regarding how the Russia-Ukraine crisis may impact the Company. 

• Curaleaf, as an American company, is also not subject to and cannot be subject to, U.S. economic sanctions.  
• Our Executive Chairman and largest shareholder, Boris Jordan, is an American citizen, born and raised on Long Island, New York. He is not, and has never been, a citizen of any other country.
• Mr. Jordan spent several years working in Europe and Russia and currently has several businesses in the U.S. (Curaleaf among them), Europe and Russia.
• Our second largest shareholder is Andrei Blokh, a successful retired CPG entrepreneur who is not active in the Company. Mr. Blokh is a U.S. citizen, who also holds a Russian passport. 
• The substantial majority of our shares are owned by the retail investor community and institutional investors.
• U.S. citizens, whether they hold other passports or not, are not subject to and cannot be subject to, U.S. economic sanctions.  

Curaleaf's stock prices remain in a slump.

Catherine Cole/The M News

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