Curaleaf Holdings Inc (OTCMKTS:CURLF) just announced the launch of its first Massachusetts adult-use dispensary in Oxford, Massachusetts. According to the release, the retail store is now open at 425 Main Street in Oxford. The Oxford location will serve customers by appointment only for the first 30 days of operation but on-site appointments can be made schedule permitting.
The company noted that “the retail location is co-located with Curaleaf’s current medical retail location, which opened in April, 2018. A Grand Opening Celebration is scheduled for Wednesday, November 6, 2019 at 11 a.m. featuring Boston Red Sox great and longtime cannabis advocate Bill ‘Spaceman’ Lee. The launch of adult-use operations in Massachusetts provides a significant opportunity to reach more customers and provide increased access to Curaleaf’s premium products, while expanding its position as the most accessible cannabis brand in the country.”
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 the launch of its first Massachusetts adult-use dispensary in Oxford, Massachusetts.
Traders will note 5% piled on for shareholders of the company during the trailing week. Furthermore, the name has benefitted from a jump in recent trading volume to the tune of 21% above its longer-run average levels.
“As one of the largest cannabis companies in the United States, we are proud to be based right here in Massachusetts and to be expanding our presence across the Commonwealth,” said Curaleaf CEO Joseph Lusardi. “Providing high quality and reliable products to patients and customers in our home state of Massachusetts is important to us. We’ve enjoyed a great relationship with the people of Oxford and the surrounding towns, and we look forward to strengthening our partnership with those communities.”
At this time, carrying a capital value in the market of $1.76B, CURLF has a significant war chest ($140.3M) of cash on the books, which compares with about $64.1M in total current liabilities. CURLF is pulling in trailing 12-month revenues of $181.9M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 38.4%. As more color becomes clear on the name, we will review the situation and update our take. 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.