Mr. Boris Jordan reports

CURALEAF UPSIZES REVOLVING CREDIT FACILITY TO $100 MILLION WITH NEEDHAM BANK

Curaleaf Holdings Inc. has entered into an amended and restated credit agreement with Needham Bank of its revolving credit facility, expanding the borrowing capacity from $40-million to $100-million and extending the maturity to up to five years.

Boris Jordan, chairman and chief executive officer of Curaleaf, said: "I couldn't be prouder of our team for the focus, discipline and collaboration that made completing this $100-million facility possible. Not only does this increased credit line provide us greater flexibility to execute our strategic plan but also demonstrates the confidence Needham has in our long-term objectives."

"This first of-its-kind transaction of this scale in the cannabis industry was backed by the direct support and strong conviction of our lenders in our business and future," said Ed Kremer chief financial officer of Curaleaf. "It represents a significant step toward broader access to capital markets and signals progress toward establishing financial standards in a sector that has historically faced limited institutional participation. We are proud to have long-standing partners who not only champion our vision but also contribute to the advancement of the cannabis industry. This strengthened capital position will be key to advancing our growth initiatives, enhancing operational capabilities and preserving financial flexibility during this critical phase of industry transformation," added Mr. Kremer.

The upsized secured revolving credit facility has an initial term of one year and bears interest on any outstanding principal of 7.99 per cent. The facility is subject to extension for up to five years with a rate step up to 8.99 per cent in the event of the company refinancing the senior note facility due 2026. Curaleaf intends to draw on the credit facility to pay a minimum of $50-million of its remaining, higher-interest-bearing, acquisition-related debt while also maintaining ample capacity to support working capital needs.

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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