37.2 F
New York
Friday, January 22, 2021

Curaleaf Holdings (OTCQX:CURLF) Continues to Hit New Highs: Next Move?

Must read

American Green Inc (OTCMKTS:ERBB) Stock Gains Momentum on Amazon News

One of the more interesting operators in the cannabis space in 2020 is American Green Inc (OTCMKTS:ERBB), and this week, the company...

DSG Global Inc (OTCMKTS:DSGT) Hits Multi-Month High On Sudden Optimism

DSG Global Inc (OTCMKTS:DSGT) has been in the news over the past week or so after the company placed large orders through...

AppYea Inc (OTCMKTS:APYP) Stock Gains Momentum on High Volume

Over the past couple of weeks, many stocks in the over-the-counter market have recorded considerable gains and one of the notable ones...

‘Watershed Moment’ NaturalShrimp Inc (OTCMKTS:SHMP) Stock

Aquaculture company NaturalShrimp Inc (OTCMKTS:SHMP) has been in focus among investors in recent days after the company made a major announcement.

The cannabis sector has had its ups and downs over the last year, but there are certain stocks that are almost always in focus among investors.

While Aurora Cannabis (TSX:ACB) (NYSE:ACB) may be a stock that is popular, there is a school of thought that fellow Canadian company Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) could well prove to be a better bet. It is easy to see why.

Major Analysis

The Aurora Cannabis stock has nosedived by as much as 60% over the course of the past year. However, in the same period, Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) has gained 103%. Hence, it could be a good idea to perhaps take a closer look at the company.

The company managed to grow its revenues three times in all its quarters last year and on top of that, it has established a presence in as many as 23 states in the United States. Moreover, the coronavirus pandemic had come as a hammer blow for many cannabis companies but Curaleaf actually expanded and grew during the same trying period.

In its most recent quarterly financial results for the period ending September 30, 2020, Curaleaf generated as much as $182.4 million in revenues. It represents a year on year growth of as much as 195%.

On the other hand, EBITDA earnings jumped to $42 million in the quarter from only $10.4 million in the year-ago period. Although Curaleaf is not a profitable operation yet, the rate of EBITDA earnings suggests that there is a possibility of the company eventually turning profitable soon. By contrast,

Aurora Cannabis saw its revenues shrink by 8% year on year to only C$67.8 million and at this point, turning profitable seems to be a distant possibility.

Curaleaf commands a market cap of $8.4 billion and on top of that, it reported a cash pile of $84.6 million at the end of the last reported quarter. It indicates that the company has the financial strength to withstand challenges.

Disclaimer: We hold no position in CURLF stock.

Latest article

Sunhydrogen Inc (OTCMKTS:HYSR) Continues to Trend Higher on High Demand

One of the sectors to have come into significant focus among investors in recent times is the hydrogen...

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...