Bloomberg Law
Dec. 23, 2022, 9:34 PM

Curaleaf Chairman Confirms Abramovich Provided Early Funding

Tiffany Kary
Tiffany Kary
Bloomberg News

The largest US marijuana company received hundreds of millions of dollars in financing from Roman Abramovich during its early years, but the Russian billionaire exited long ago, Curaleaf Holdings Inc. Executive Chairman Boris Jordan said in response to a media report.

Forensic News reported Friday that leaked documents show Abramovich funded Palliatech, the company that in 2018 became Curaleaf, as well as Measure 8, a cannabis-focused venture capital firm founded by Jordan. While the Russian background of key Curaleaf executives was already well known, Abramovich’s involvement wasn’t. Companies with connections to Russia have been under scrutiny since the invasion of ...