Geometry Dash APK Hill Climb Racing APK
54.6 F
New York
Wednesday, May 25, 2022

Is the Light Turning Green Again for Curaleaf Holdings Inc (OTCMKTS:CURLF)?

Must read

Asia Broadband Inc (OTCMKTS:AABB) Is Up 1100% This year: What’s The Buzz?

There are some stocks that have managed to clock massive over the course of the past month or so and one of...

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Those waiting on a technical gap fill to create support for shares of Curaleaf Holdings Inc (OTCMKTS:CURLF) no longer have to wait – the stock is there. The big gap was created back in March and led to a run up above the $11/share level. Now, in the course of its recent pullback, we have filled that key gap, closing the loop on a technical basis.

To further flesh out the story, the company just announced two new executive appointments, both effective June 24, 2019. According to the release, Dave Johnson has been appointed President of Curaleaf Hemp, and Troy Morgan has been appointed Senior Vice President of Compliance. Both Johnson and Morgan will be based at the company’s headquarters in Wakefield, Massachusetts.

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.

Find out when $CURLF reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, CURLF just announced two new executive appointments, both effective June 24, 2019.

It will be interesting to see if the stock can break out of its recent sideways action. Over the past week, the stock is net flat and looking for something new to spark things. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -14%. Moreover, the listing has registered increased average transaction volume recently, with the past month seeing 12% above its longer-run average levels.

“Our Curaleaf Hemp and Bido brands have become consumer favorites and attracted the attention of major retailers across the country,” said Joseph Lusardi, Chief Executive Officer of Curaleaf. “We view Curaleaf Hemp as a significant economic contributor to our business. Having someone with Dave’s experience and expertise focused solely on this aspect of the company will generate the market share and brand awareness to match our high-quality products. Furthermore, ensuring that all Curaleaf dispensaries, cultivation sites, and processing facilities always adhere to all state-specific regulations is our top priority, and we look forward to Troy’s efforts in enhancing our already robust compliance system.”

Currently trading at a market capitalization of $2.3B, CURLF has a significant war chest ($230.6M) of cash on the books, which stands against about $34.9M in total current liabilities. CURLF is pulling in trailing 12-month revenues of $117M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 11%. You can bet we will update this one again as new information comes into view. 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.

Latest article

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan

88 Energy Ltd (OTCMKTS:EEENF) Stock In Focus After Recent News

Every day plenty of investors look for stocks to invest in from the oil and gas sector. It is a vast industry...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service