Shares of American cannabis giant Curaleaf Holdings Inc. CURLF-5.31% traded down Friday after several Twitter users brought up the Russian and Ukrainian descent of executive chairman Boris Jordan.
Jordan, a U.S.-born American citizen, was accused of having financial ties to Russian companies and oligarchs. One Twitter user also pointed out that Andrei Blokhowner of a large portion of Curaleaf’s stock, was domiciled in Moscow.
To this, Jordan responded“Curaleaf is an American success story founded by Me! Pls stop spreading misinformation. I was born in the US and live and work in the US! Our shareholder Andrei Blokh is also a US citizen. $curlf”
Jordan then added“Being of both Ukrainian and Russian descent, I pray for diplomacy & a peaceful resolution that protects the lives of all citizens on both sides of this conflict.”
Arguing that the statements made on Twitter were speculative and xenophobic, Jordan weighed in on those rumors exclusively to Benzinga.
“Rumors and misinformation spread during turbulent times. We are committed to fostering trust and transparency throughout the cannabis industry,” wrote Jordan. “For the benefit of our investors and the transparency of the market, Curaleaf would like to provide some clarity by addressing speculation regarding how the Russia-Ukraine crisis may impact the company.”
To Read The Rest Of This Article By Javier Hasse on Benzinga
Published: February 25, 2022
Founder & Interim Editor of L.A. Cannabis News