FREEHOLDPROPERTIESLAUNCHESSPECIALIZEDREALESTATECOMPANYWITHAGREEMENTTO

PURCHASESIXPROPERTIESFROMCURALEAFHOLDINGSFOR$28.3MILLIONLAS VEGAS, NV, August 26, 2019 – Freehold Properties, Inc., a newly formed real estate investmentcompanyfocusedonspecializedagricultural,industrialandcannabisproperties,todayannouncedithasagreed to acquire six buildings from Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) for totalconsideration of approximately $28.3 million. The acquisition, which is comprised of approximately$25.5millionincashandapproximately$2.8millionofFreeholdcommonstock,isexpectedtoclosebytheendofAugust2019,subjecttocustomaryclosingconditions.Freeholdwill lease theproperties toCuraleafpursuant to a long-term, triple-net lease. TheCompanyalso has the right of first offer to purchase additional properties from Curaleaf as its preferred realestatepartner.Thepropertiesincludedinthesaleare:

• Cultivation/productionfacilityinWebster,MA• Cultivation/productionfacilityinBellmawr,NJ• RetaildispensaryinBellmawr,NJ• RetaildispensaryinFortPierce,FL• RetaildispensaryinDaytonaBeach,FL• RetaildispensaryinProvincetown,MA

“WhenweformedFreeholdtocapitalizeonthegrowingneedforcapitalamongtheleadingmulti-stateoperators in the U.S, we intentionally focused on creating relationships with best-in-class and well-capitalized companies,” noted Don Brain, Co-Founder, Chairman and CEO of Freehold Properties.“Curaleafhasestablisheda large footprint indesirablemarketsand locationsas the leadingverticallyintegrated cannabis operator in the country.We are pleased to begin executing our growth strategywithsuchastrongoperatingpartner,andwelookforwardtoworkingcloselywiththemtomeettheirfuturecapitalneeds.”

AboutFreeholdProperties

FreeholdPropertiesisanewlyformed,internallymanagedrealestateinvestmentcompanythatinvestsinspecializedagricultural,industrialandcannabispropertiesleasedtoexperienced,multi-state-licensedoperators.TheCompany’smanagementteam,boardofdirectorsandstrategicadvisorshaveextensiveexperience in the cannabis industry and in founding and operating a publicly traded real estateinvestment trust. Freehold’s investment strategy includesa focusonbest-in-classandwell-capitalizedmulti-stateoperators(MSOs)withverticallyintegratedpropertytypesfromcultivationtoproductiontoretaildispensary.

AboutCuraleafHoldings

CuraleafHoldings, Inc. is the leading vertically integratedmulti-state cannabis operator in theUnitedStates. It is a high-growth cannabis company with a national brand known for quality, trust andreliability.Thecompanyispositionedinhighlypopulated,limited-licensestates,andcurrentlyoperatesin12stateswith48dispensaries,13cultivationsitesand12processingsites.Curaleafhastheexecutiveexpertise and research and development capabilities to provide leading service, selection, andaccessibility across the medical and adult-use markets, as well as in the CBD category through itsCuraleafHempbrandandBidobrandforpets.OnMay1,2019,Curaleafannouncedtheacquisitionofthe Select brand from Cura Partners for approximately $949 million. On July 17, 2019, CuraleafannouncedtheacquisitionofGrassrootsforapproximately$875million.ForwardLookingStatementsThis press release contains statements that Freehold Properties, Inc. believes to be "forward-lookingstatements"withinthemeaningofthesafeharborprovisionsofthePrivateSecuritiesLitigationReformAct of 1995. All statements other than historical facts, including, without limitation, statementsregarding Curaleaf Holdings, Inc., the leased properties set forth above and the overall real estatemarket,are forward-lookingstatements.Whenused in thispress release,wordssuchaswe"expect,""intend," "plan," "estimate," "anticipate," "believe" or "should" or the negative thereof or similarterminology are generally intended to identify forward-looking statements. Such forward-lookingstatementsaresubjecttorisksanduncertainties,suchaschangesintheoverallrealestatemarketandU.S.economy,thatcouldcauseactualresultstodiffermateriallyfromthoseexpressedin,orimpliedby,such forward-looking statements. Therefore, you should not rely on any forward-looking statements.FreeholdProperties, Inc.disclaimsanyobligation toupdateor reviseany forward-lookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise.Contacts:

JeffWalraven

TrippSullivanChiefOperatingOfficer

SCRPartners

operations@freeholdprop.com

(615)760-1104ir@freeholdprop.com

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