web analytics
1.2 C
Munich
Friday, December 2, 2022

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) Heats Up

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) is an exciting cannabis Company that has been moving steadily higher in recent months as pot socks heat up across the board and we move into another election cycle.

the move on Curaleaf comes as the Company completes the acqusition of Grassroots making the Company the world’s largest cannabis company by revenue and the most diversified, vertically integrated cannabis company in the United States, the world’s largest cannabis market. The transaction expands Curaleaf’s presence from 18 to 23 states, with the combined company having over 135 dispensary licenses, 89 operational dispensary locations, over 30 processing facilities and 22 cultivation sites with 1.6 million square feet of current cultivation capacity.

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) is a leading vertically integrated multi-state cannabis operator with a mission to improve lives by providing clarity around cannabis and confidence around consumption. As a high-growth cannabis company known for quality, expertise and reliability, the company and its brands, Curaleaf and Select, provide industry-leading service, product selection and accessibility across the medical and adult-use markets.

Upon the close of the acquisition of Grassroots, Curaleaf is now the world’s largest cannabis company by revenue and the most diversified, vertically integrated cannabis company in the United States, the world’s largest cannabis market. The transaction expands Curaleaf’s presence from 18 to 23 states, with the combined company having over 135 dispensary licenses, 89 operational dispensary locations, over 30 processing facilities and 22 cultivation sites with 1.6 million square feet of current cultivation capacity.

Microcapdaily has been reporting on Curaleaf since the beginning, on October 31, 2018 we noted – Curaleaf Holdings, Inc. debuted on the CSE Monday after going public via a reverse takeover of Lead Ventures Inc., The cannabis Company raised $400 million in the biggest equity raising in Canada’s marijuana industry. Curaleaf’s raising was almost triple its intended $150 million offering, giving the Company a market value of about $4 billion. Curaleaf opened at C$8.70 Monday on the Canadian Securities Exchange (CSE), which was lower than the offer price of C$11.45. Since than the stock has been moving up steadily.

To Find out the inside Scoop on Curaleaf  Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

CURLFIn July Curaleaf announced its financial and operating results for the second quarter ended June 30, 2020 after market close on August 17, 2020. For the 3 months ended March 31, 2020 the Company reported $77 million in revenues compared to $27 million for the same period last year.

On July 13 Curaleaf announced it has completed the acquisition from Grassroots of exclusive rights to the Grassroots’ All Rebels Rockers, Inc. marijuana license in Arizona. The transaction was completed in advance of the closing of Curaleaf’s acquisition of Grassroots to enable accelerated development of the All Rebel Rockers license. Under this license Curaleaf will open its 9th store, as it currently operates eight dispensaries in Arizona and already has one of the largest retail footprints in the Metro Phoenix Area. Arizona is one of the largest medical marijuana markets in the U.S. with one of the highest percentages of registered patients

Joseph Lusardi, CEO of Curaleaf, said, “Our acquisition of our 9th license in Arizona further strengthens our presence in the state, which continues to be one of the largest medical cannabis markets in the country. It also marks one of the final milestones before we formally close our acquisition of Grassroots.”

We have a Monster Pick Coming. Subscribe Right Now!

Currently running up the charts Curaleaf is an exciting cannabis Company that is currently completing the acqusition of Grassroots making the Company the world’s largest cannabis company by revenue and the most diversified, vertically integrated cannabis company in the United States, the world’s largest cannabis market. The transaction expands Curaleaf’s presence from 18 to 23 states, with the combined company having over 135 dispensary licenses, 89 operational dispensary locations, over 30 processing facilities and 22 cultivation sites with 1.6 million square feet of current cultivation capacity. Microcapdaily has been reporting on Curaleaf since 2018. We will be updating on Curaleaf when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Curaleaf.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in Curaleaf either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.