What happened Curaleaf Holdings (OTC: CURLF) announced Friday it has finalized the acquisition of BlueKudu, a Colorado-based maker of high-end edible cannabis products. As part of the deal -- the terms and price of which were not disclosed -- Curaleaf will also acquire BlueKudu's 8,400-square-foot processing facility located in the state's most populous city, Denver. So what BlueKudu has been concocting its tasty and heady treats since 2011, which is an eternity by the standards of the young cannabis industry. It doesn't share its financial results; regardless it successfully operates in a long-established market -- Colorado was one of the first states to legalize recreational marijuana -- that recently set a new annual sales record of almost $1.75 billion in 2019. Image source: Getty Images. The processing facility also gives Illinois-based Curaleaf a bigger footprint in the West, not to mention a locale from which to supply the vibrant local market. The company specifically mentioned it will distribute its Select cannabis brand in the state. The integration of BlueKudu into Curaleaf's operations should be relatively quick and painless. The acquirer said it will fold BlueKudu's results into its own starting in the third quarter. Now what Without knowing the financial particulars of the deal, it's hard to judge whether it was a good buy for Curaleaf. What we can say is that it's a sensible move on a solid, dependable asset located in a fine place for the company to expand its footprint. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source