Ms. Camilo Lyon reports

CURALEAF ANNOUNCES CLOSING OF $500 MILLION PRIVATE PLACEMENT OF 11.5% SENIOR SECURED NOTES DUE 2029

Curaleaf Holdings Inc. has closed the previously announced private placement of $500-million (U.S.) aggregate principal amount of 11.5 per cent senior secured notes due Feb. 18, 2029, and the redemption of its previously outstanding $475-million (U.S.) senior secured notes due Dec. 15, 2026. The company intends to use the net proceeds of the offering to provide incremental capital to support global growth initiatives, and to pay transaction fees and expenses.

The non-dilutive notes, which were issued at 100 per cent of face value, are senior secured obligations of the company, payable semi-annually in equal instalments until the maturity date, unless earlier redeemed or purchased. The notes are governed by a trust indenture supplemented on closing of the offering which permits additional note issuances subject to leverage covenants and other terms and conditions, as well as up to $100-million (U.S.) of senior bank financing.

"The successful closing of this landmark private placement delivers a powerful endorsement of Curaleaf's strategy and long-term vision. I am exceptionally proud of our team for delivering the largest bond offering completed in the cannabis sector -- broadening the universe of institutional investors and reinforcing Curaleaf's leadership position in the industry," said Boris Jordan, chairman and chief executive officer of Curaleaf. "With an extended runway into 2029 and enhanced capital flexibility, we are well positioned to accelerate our global expansion and capture key strategic opportunities across the international cannabis market. The renewed institutional demand we are seeing marks a pivotal inflection point for the sector and signals the emergence of a new era of confidence, credibility and long-term growth for the global cannabis industry."

Seaport Global Securities LLC acted as lead placement agent and ATB Cormark Capital Markets was co-placement agent for the notes in the United States and Canada, respectively.

About Curaleaf Holdings Inc.

Curaleaf 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 and Anthem, 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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