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US cannabis firm Curaleaf has denied allegations that it has secret financial ties to the Russian billionaire Roman Abramovich, who has been sanctioned in the UK and EU since the outbreak of the war in Ukraine.
Responding to an allegation that Curaleaf disguised Abramovich’s investment, Curaleaf tweeted: “Mr Abramovich was one of many worldwide sources of capital raised over several years to build PalliaTech, a medical cannabis start-up that later became Curaleaf. Those loans, which were legal, well-documented – and not secret – were repaid well before the start of the war.”
