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Curaleaf Holdings Inc(CURA-CN)

Today's Change
Delayed Last Update

Curaleaf to Restate Certain Previously Issued 2022 and 2021 Financial Statements - Wed Apr 19, 4:00PM CDT

Minor Reductions in Revenue of Approximately 1.25% and 0.75% for 2021 and 2022, respectively

NEW YORK, April 19, 2023 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), announced today that the Audit Committee of the Company's Board of Directors (the "Audit Committee"), with the assistance of outside counsel and consultants and in discussion with the Company's auditors, has been conducting, after internal review by management,  a review of certain purchases and sales of products through the Company's wholesale channel to determine whether they had commercial substance, and to confirm the timing and appropriateness of the recognition of revenue from those transactions, mainly in the last quarter of 2021 and the first and second quarters of 2022.


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