Curaleaf Wants To Dominate Outside The US Too

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Curaleaf Holdings, Inc. operates as an integrated medical and wellness cannabis operator in the United States. It cultivates, processes, markets, and/or dispenses a range of cannabis products and 53 dispensaries in 15 states of the United States.

Within the last two years, Curaleaf has acquired Select and Grassroots, as well as made acquisitions in Arizona, California, Nevada and Ohio. According to the CEO Joseph Lusardi, Curaleaf is an undisputed leader in the cannabis industry with one of the largest operational footprint with the scale to rapidly accelerate growth across the country.

Curaleaf has also expanded its line of Select brand products into Connecticut, making their Select Elite Live cartridges available at local medical dispensaries across the state. And in New Jersey, Curaleaf completed a vertically integrated medical cannabis non-profit corporation that holds one of the original six medical licenses in New Jersey.

Curaleaf also acquired Colorado-based BlueKudu is a producer of premium cannabis edibles for medical and adult-use customers, having sold over one million chocolate bars. The company also launched its line of Select brand products into Maine, starting with its best-selling Select Elite Cannabis Oil Cartridges and fast-acting Select Nano Gummies.

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Not only do they want to dominate in the US, they want to dominate internationally too.

Video Source:https://www.youtube.com/c/YahooFinance/videos

If the company can execute in Europe, like they are in the US, the chart suggests to go long at the weekly demand at $12.

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This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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9 comments
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This segment of the market to me feels a bit like the dot com boom. Everything has huge valuations, but only a small fraction will still be around in 10 years. Its a lot of work to dig into the financials and future plans to ensure they will be standing in 10 years.

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I really hope people say no to big corporations like this and buy local from their small time farmers, or grow their own.

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I am sure some will go big corp with lower quality. Much like I prefer the donuts from my local bakery, but will stoop to gas station food while traveling. I suppose there will be place for both in the long run.

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The space reminds me a lot of the crypto space...nascent and regulation is stunting its growth, but there is huge demand for it.

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Cool. SO where can I buy this stock? I notice on Robin hood they do not have all the canna stocks there. Why is that?

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Not sure buy Robinhood is not showing it, but the traditional brokerages should allow you to buy and sell this stock.

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I saw their CEO during an interview on CNBC. Was impressed by his presentation and confidence. Cornering the US market will be a hefty undertaking though. Interesting could abound for the entire cannabis market if a person can catch on to a bonafide rocket.
I'm thinking also, the current administration will be flexible enough to get more comprehensive legalization done. Only time will tell.

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