Why the Fresh Squeezed Juice in Curaleaf Holdings Inc (OTCMKTS:CURLF)?

Why the Fresh Squeezed Juice in Curaleaf Holdings Inc (OTCMKTS:CURLF)?

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In the category of recent breakouts, Curaleaf Holdings Inc (OTCMKTS:CURLF) shares have blasted off to the upside to close out last week. The move is a type-specimen bullish range breakout that shouldn’t be ignored. To flesh out that story, the company just announced an expanded leadership team with two new executive appointments. Neil Davidson was appointed Chief Financial Officer and Todd Goffman was appointed General Counsel and Secretary, effective January 28, 2019.

According to the release, “Both executives will report directly to Curaleaf Chief Executive Officer Joseph Lusardi. Curaleaf also announced two additional changes to further support the rapid growth of the business. Peter Clateman has been appointed EVP, Business Development, and Jonathan Faucher, EVP, Finance, will shift his focus to the business in Florida, a key growth state for the Company.”

Curaleaf Holdings Inc (OTCMKTS:CURLF) promulgates itself as a company that operates as an integrated medical and wellness cannabis operator in the United States.

The Company is the parent of Curaleaf, Inc., a leading vertically integrated cannabis operator in the United States. Headquartered in Wakefield, Massachusetts, Curaleaf, Inc. has a presence in 12 states.

Curaleaf, Inc. operates 30 dispensaries, 12 cultivation sites and 9 processing sites with a focus on highly populated, limited license states, including Florida, Massachusetts, New Jersey and New York. Curaleaf, Inc. leverages its extensive research and development capabilities to distribute cannabis products in multiple formats with the highest standard for safety, effectiveness, consistent quality and customer care. Curaleaf is committed to being the industry’s leading resource in education and advancement through research and advocacy.

Curaleaf Inc.’s Florida operations were the first in the cannabis industry to receive the Safe Quality Food certification under the Global Food Safety Initiative, setting a new standard of excellence.

It cultivates, processes, markets, and/or dispenses a range of cannabis products in various operating markets, including flower, pre-rolls and flower pods, dry-herb vaporizer cartridges, concentrates for vaporizing, concentrates for dabbing, tinctures, lozenges, capsules, and edibles.

The company also provides non-cannabis services to licensed cannabis operators in the areas of cultivation, extraction and production, and retail operations. As of November 01, 2018, it operated a network of 29 dispensaries. The company was founded in 2010 and is headquartered in Wakefield, Massachusetts.

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As noted above, CURLF just announced an expanded leadership team with two new executive appointments. Neil Davidson was appointed Chief Financial Officer and Todd Goffman was appointed General Counsel and Secretary, effective January 28, 2019.

Traders will note 38% during the past month in terms of shareholder gains in the stock. Furthermore, the company has benefitted from a jump in recent trading volume to the tune of 14% beyond what we have been seeing over the larger time frame. It pays to take note of this fact given the stock’s extremely small trading float of 4.8M shares.

“Curaleaf is a growing, fast-paced and performance-driven company, and we’re thrilled to be expanding our executive team to include individuals with such breadth of expertise in their respective fields,” said Chief Executive Officer Joseph Lusardi. “Our executive team has a wealth of expertise from relevant industries including consumer packaged goods and retail. The public company experience that Neil and Todd bring to Curaleaf will make our team even more prepared to capitalize on the significant opportunities across our industry. With these new appointments, Peter and Jonathan will be able to dedicate more time to focus on Curaleaf’s business development and growth initiatives, particularly our M&A strategy.”

Currently trading at a market capitalization of $3.31B, CURLF has a significant war chest ($62.1M) of cash on the books, which is balanced by about $149.5M in total current liabilities. One should also note that debt has been growing over recent quarters. CURLF is pulling in trailing 12-month revenues of $27.9M. However, the company is seeing recent stagnation on the top-line on a sequential quarterly basis, with revenues flat as of its latest reporting period. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $CURLF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $CURLF, either long or short, and we have not been compensated for this article.

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