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Sunday, September 27, 2020

Curaleaf Holdings Inc (OTCMKTS:CURLF) Keeps the Pedal to the Metal

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It may pay to take note of the fact that Curaleaf Holdings Inc (OTCMKTS:CURLF) just announced it would launch its line of Select brand products into Maine, starting with its best-selling Select Elite Cannabis Oil Cartridges and fast-acting Select Nano Gummies.

According to the release, Select, known as America’s #1 Cannabis Oil Brand, was acquired by Curaleaf in February 2020 and can be found in over 800 dispensaries across eleven states, including Arizona, California, Colorado, Connecticut, Maryland, Michigan, Nevada, Oklahoma, Oregon, Massachusetts, and Maine. As a recognized industry leader, Select is committed to testing transparency and education for customers and dispensaries alike. Select maintains the highest industry standard practices for quality control in order to deliver the best experience possible.

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 it would launch its line of Select brand products into Maine, starting with its best-selling Select Elite Cannabis Oil Cartridges and fast-acting Select Nano Gummies.

Recent action has seen 19% during the past month in terms of shareholder gains in the listing. Moreover, the stock has seen interest climb, with an increase in recent trading volume of 42% over the long run average.

“We are deeply committed to cannabis and its endless potential,” said Scott Reed, President of Curaleaf Maine. “And with Select products coming to Maine, our community of medical patients will have increased accessibility to high-quality cannabis products.”

Now commanding a market cap of $3B, CURLF has a significant war chest ($251M) of cash on the books, which stands against about $177.1M 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 $375.9M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 177%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. 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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