Curaleaf Holdings, Inc. is on an explosive move up the charts after the Company announced the opening of its 23rd Florida dispensary as the company continues to expand rapidly throughout the state. Curaleaf has the largest cannabis dispensary footprint in the US, with 43 dispensaries across the country.
The stock has transformed in recent months into one of the top most traded stocks in small caps and today CURLF is the most traded stock on the OTCBB.
Curaleaf Holdings, Inc. (CSE: CURA) (OTCBB: CURLF) is a Wakefield-based vertically-integrated cannabis company 33 dispensaries, 12 cultivation sites and 10 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.
The Company recently announced Q3 results “Total revenue for the third quarter 2018 increased 289% to $21.4 million, compared to $5.5 million in the third quarter of 2017. The increase was primarily attributable to growth in the Company’s retail and wholesale segment. Revenue for the third quarter of 2018 increased 47%, compared to $14.6 million in the second quarter of 2018. Retail and wholesale revenue increased 472% to $16.6 million during the quarter, compared to $2.9 million in the third quarter of 2017. This increase was primarily driven by increased sales attributable to new retail dispensaries in Florida, New York and Massachusetts and the acquisition of Swell in April of 2018. “
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On March 21 Curaleaf announced the grand opening of its Gainesville dispensary as the company continues to expand rapidly throughout the state. Curaleaf has the largest cannabis dispensary footprint in the US. Over 1,100 square feet, the Gainesville dispensary includes 2 private consultation rooms for patients and a community meeting room. The company will launch a series of monthly educational events this April for local patients, physicians and community members.
Located at 2300 SW 34 Street, Curaleaf Gainesville will celebrate its grand opening on Thursday, March 21 from 3pm until 7pm. Dispensary operating hours are Monday through Friday, 10am – 7pm; Saturday, 10am – 5pm; and Sunday, Noon – 5pm. The State of Florida’s Office of Medical Marijuana Use Registry requires an order from a qualified Florida ordering physician and a State of Florida medical marijuana card to obtain medical marijuana products.
“Strong patient demand in the Gainesville area supported the transformation of our fulfillment center into a full-service dispensary where Alachua County patients can take advantage of our compassionate, exceptional customer service and educational resources, in addition to having access to our premium quality medical marijuana products,” shared Joe Lusardi, Curaleaf CEO.
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Curaleaf is an exciting, rapidly expanding cannabis Company that owns 34 dispensaries, 12 cultivation sites and 10 processing sites with a focus on highly populated, limited license states, including Florida, Massachusetts, New Jersey and New York. GMP Securities analysts Robert Fagan wrote in a note to clients Monday that he expects potential total sales from Curaleaf’s existing facilities to be roughly $491 million. In the fiscal second quarter, Curaleaf banked sales of $21.4 million in Q3. 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.
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Disclosure: we hold no position in Curaleaf either long or short and we have not been compensated for this article.