Curaleaf Holdings Inc. (OTCMKTS: CURLF) has seen curious price behavior over the last several months. Throughout 2022, the asset has been fluctuating between the support at $6.50 and the resistance level at $8, although it did breach this resistance three times in the second half of 2022 alone. The first was in late August, and the second was in early October. On both occasions, CURLF managed to climb to $8.50 before being rejected.
The third and final time was in mid-November, and the price actually saw a surge at the time, which took it all the way up to $10.33 on December 5th. However, after reaching this level, the price quickly started spiraling down, sinking to its lowest point since May 2020.
By December 21st, 2022, the price was cut in half, dropping to $5.38. However, this was only the beginning of the price’s downfall. For the rest of December, CURLF kept going up and down between this support and a resistance at $5.90. However, with the start of 2023, the support was broken, and CURLF sank to new support at $5. Meanwhile, any attempts to grow back up were stopped by a support-turned-resistance at $5.50.
To Find out the inside Scoop on CURLF, Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
In fact, the price never reached this level again, typically stopping at $5.32. This continued until March 8th, 2023, when the price started spiraling down once again, going from $5.32 to its all-time low of $3.15. It reached this level only a few days ago, on April 10th, but since then, it managed to see some recovery which took it up to $3.48, which is where it sits at the time of writing.

Curaleaf Holdings Inc. (OTCMKTS: CURLF) has seen plenty of developments over the last several months, which had minor impact on the company’s stock price. For example, back in early February, CURLF price dropped after reports that its employees are asking for class action status in a stolen tips lawsuit. The price then jumped a bit on February 17th, as Curaleaf celebrated the opening of a new dispensary in Boca Raton, FL. However, news of the company closing down its N.J. cannabis cultivation site caused the price drop — which had already started at that point — to progress sharply, as the site’s entire staff was facing job loss.
The price once again jumped from $3.75 to $4.00 as Curaleaf announced the launch of new cannabis edibles, which combined great flavors with innovative cannabinoid delivery technologies. However, reports involving the company skyrocketed in late March and early April. The company purchased three dispensaries, which was followed by reports that its account on Instagram was banned. Some speculated that the company might shift its social media presence to Twitter. While it was already rather active on the platform, this has since become its primary social media.
For more on CURLF Subscribe Right Now!
The company made a massive move by purchasing Deseret Wellness, which allowed it to become the largest cannabis retailer in the entire state of Utah. With this acquisition finally closed, Curaleaf’s retail footprint has climbed to four dispensaries in the state and 150 nationwide. The Utah acquisition was worth around $20 million, according to reports, and it was the largest move that the company has made in the past month. The last big report said that the cannabis industry optimization is taking center stage as hyper-growth slows. Curaleaf’s executives have commented on this, stating that cannabis is here to stay. Camilo Lyon, the company’s Chief Investment Officer, said:
There is appetite and continued substitution effects of people leaving alcohol and going into cannabis.
This was followed by another statement that said:
If you think back to really any cyclical industry, any consumer-driven industry, there’s moments of access and growth and a contraction of that growth. We’re on the backside of those excess supplies.
Curaleaf Holdings Inc. (OTCMKTS: CURLF) is a leading international provider of consumer products in cannabis. Its mission is to provide clarity around cannabis and improve the lives of consumers, as well as confidence around consumption itself. The company is known for reliability, quality, and expertise. It, like its brands — Curaleaf, Grassroots, and Select — offers industry-leading service, product selection, as well as accessibility across the adult and medical-use markets. In the US alone, Curaleaf operates 150 dispensaries located in 19 different states.
Its team consists of 5,500 employees, and Curaleaf International is the largest vertically integrated cannabis company in Europe. The firm’s shares are listed on the Canadian Securities Exchange under the symbol CURA and on the OTCQX market under the symbol CURLF.
Curaleaf Holdings Inc. (OTCMKTS: CURLF) stock price has not impressed over the last year, but the shares have seemingly found their bottom and can now focus more on recovery. The company has also made headlines many times over the last few weeks, which proves that there is a lot of development involved with the firm.
Most of the developments were positive, and they had a good impact on the sentiment, although there have been a few negative ones, where the stolen tips lawsuit was by far the most controversial. However, the company is clearly making some excellent moves in securing its place in the market, and its products’ quality and reliability were never questioned. Now, if any, seems to be the time for investors to make a move, but as always, they should first do their own research before deciding how to proceed. We will be updating on CURLF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CURLF.
Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Image by 7raysmarketing from Pixabay