Why Marijuana Stock Curaleaf Shot 11% Higher on Monday

Why Marijuana Stock Curaleaf Shot 11% Higher on Monday

Curaleaf Holdings (OTC: CURLF) shares rose more than 11% on Monday on news of a fresh acquisition. The company announced that it is now the holder of the exclusive rights for the All Rebels Rockers dispensary license in Arizona, which it acquired from a Chicago-based cannabis purveyor, privately held Grassroots. Curaleaf did not specify what it paid, nor detail any of the deal's terms.