Curaleaf Introduces Automatic Securities Disposition Plan
Curaleaf Holdings, Inc. (TSX: CURA /OTCQX: CURLF) has officially unveiled its new automatic securities disposition plan (ASDP), effective from the end of September 2025. This strategic initiative is aimed at providing a structured method for the disposal of shares owned by Mr. Joseph F. Lusardi, the Company's Executive Vice Chairman, in alignment with established securities regulations.
Purpose and Implementation of the ASDP
The purpose of the ASDP is to facilitate the orderly exercise of options set to expire in March 2026. Mr. Lusardi intends to use the proceeds from the sale of a portion of his subordinate voting shares to cover expected tax liabilities arising from the exercise of these options. The ASDP enables him to sell these shares at current market rates, starting from January 2, 2026, and continuing for a three-month duration.
Regulatory Compliance
Curaleaf's operations are governed by both U.S. and Canadian securities laws, which impose specific restrictions on insider transactions. The establishment of an ASDP allows for predetermined share sales under clear guidelines, eliminating the influence of undisclosed information on these transactions. Insiders like Mr. Lusardi can take advantage of ASDPs to engage in share sales automatically, based on terms established beforehand, ensuring compliance with all regulatory requirements.
Execution and Oversight of the ASDP
An independent securities broker will oversee the actual sales under the ASDP, adhering strictly to the defined trading parameters, price thresholds, and volume limits. This independence ensures that Mr. Lusardi has no influence over the sales executed under the ASDP while maintaining transparency and regulatory compliance. It is important to note that the ASDP has been designed with constraints, prohibiting amendments or suspensions initiated by Mr. Lusardi without the approval of the Company's compensation committee.
Reporting and Transparency
Dispositions made under the ASDP will be subject to disclosure in line with relevant securities laws. Each report filed will specifically indicate that the disposition is executed as part of this plan, enhancing transparency for investors and other stakeholders. Detailed information about the ASDP and associated transactions will be made available on regulatory platforms to ensure public access.
About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) is recognized as a leading provider of cannabis consumer products globally. With a commitment to improving lives through the benefits of cannabis, Curaleaf focuses on quality, innovation, and reliability. The company's diverse portfolio includes various brands such as Curaleaf, Select, Grassroots, Find, Anthem, and The Hemp Company, all aimed at delivering exceptional service and product accessibility across both medical and recreational markets.
Curaleaf’s operations extend beyond North America, leveraging its extensive supply chain to connect advanced research and cultivation techniques with production capabilities across Europe, Canada, and Australasia. As a high-growth entity, Curaleaf is steadfast in its dedication to establishing a robust presence in the cannabis industry, ensuring that its products meet the highest standards of quality.
Contact Information
Investor Contact:
Curaleaf Holdings, Inc.
Camilo Lyon, Chief Investment Officer
[email protected]
Media Contact:
MATTIO Communications
[email protected]
Frequently Asked Questions
What is the purpose of Curaleaf's ASDP?
The ASDP allows Mr. Lusardi to sell shares to cover anticipated tax liabilities related to stock options efficiently.
How does the ASDP comply with securities regulations?
The ASDP complies with U.S. and Canadian securities laws by allowing pre-arranged share sales that are not influenced by undisclosed information.
Who executes the sales under the ASDP?
An independent securities broker is responsible for executing the sales, ensuring compliance with the specified trading terms.
Will shareholders be informed about the sales?
Yes, all transactions under the ASDP will be disclosed in accordance with applicable securities laws, ensuring transparency.
What companies are included in Curaleaf's brand portfolio?
Curaleaf's brands include Curaleaf, Select, Grassroots, Find, Anthem, and The Hemp Company, targeting both medical and recreational markets.
