Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF), a leading international provider of consumer cannabis products, today confirmed that its previously announced 1-for-3 reverse stock split of subordinate voting shares will become effective on June 5, 2026.
Reverse Stock Split Details
Upon completion, the subordinate voting shares will continue trading on the TSX under the symbol "CURA" with a new CUSIP number 23126M300. The company will not issue fractional shares; any fractional entitlements will be rounded up or down to the nearest whole number.
Currently, Curaleaf has approximately 698,731,895 subordinate voting shares outstanding. After the reverse split, this number will be reduced to about 232,910,632 shares, assuming no additional shares are issued before the effective date.
Shareholder Instructions
Registered shareholders will receive a Letter of Transmittal and must deliver their certificates or direct registration advices along with the completed letter to the company's transfer agent, Odyssey Trust Company. Beneficial shareholders holding shares through a broker do not need to take action but should contact their intermediary with questions.
Additionally, the company will consolidate its multiple voting shares on the same 1-for-3 ratio to maintain relative rights between share classes.
About Curaleaf Holdings
Curaleaf is a high-growth cannabis company known for quality, expertise, and reliability. Its brands include Curaleaf, Select, Grassroots, Find, Dark Heart, and Anthem. The company serves medical and adult-use markets across Europe, Canada, and Australasia through a strong supply chain network. Curaleaf is listed on the TSX and OTCQX markets.
