Why Curaleaf Holdings Inc (OTCMKTS:CURLF) Continues to Warrant a Spotlight

Why Curaleaf Holdings Inc (OTCMKTS:CURLF) Continues to Warrant a Spotlight


Shares of Curaleaf Holdings Inc (OTCMKTS:CURLF) have been back in breakout mode over the past couple weeks, with the stock rising as much as 45% in that time on a clear jump in average trading volume. That puts it on radar, and it should be on yours as well. The $10/share level is now in the spotlight as the key resistance point for bulls to overcome. To further flesh out the story, the company just announced an initiative that seeks to raise awareness and marks an important milestone to make legal cannabis more accessible for veterans.

According to the release, “a custom designed ‘Veterans Cannabis Project’ pre-roll product will be available for purchase at dispensaries in the 33 states where medical cannabis is legal. A portion of all proceeds will be donated to the Veterans Cannabis Project. The product will first be available at Maryland dispensaries with a national roll-out following in the coming months. Each box includes five pre-rolls, totaling two grams; prices will vary by state.”

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 initiative that seeks to raise awareness and marks an important milestone to make legal cannabis more accessible for veterans.

Recent action has seen 20% piled on for shareholders of the company during the trailing month. Furthermore, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed nearly 240% above the average volume levels in play in this stock over the longer term. Traders should note this as important with a float in play that’s extremely small – just 4.8M shares.

“We have seen first-hand the powerful and positive impact that medical cannabis can have on people’s lives,” said Joseph Lusardi, CEO of Curaleaf. “Through our initiative with the Veterans Cannabis Project, we hope to bring additional visibility to the important issue of access to cannabis and help the many veterans dealing with a host of ailments such as PTSD, chronic pain, opioid dependency and other conditions gain better access to quality medical cannabis.”

Currently trading at a market capitalization of $4.25B, CURLF has a significant war chest ($364.1M) of cash on the books, which must be weighed relative to virtually no total current liabilities. CURLF is pulling in trailing 12-month revenues of $70.1M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 51.1%. 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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