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Largest Cannabis Co. Curaleaf's $1.5B Projected Revenue For 2025: Analyst Raises Rating To Outperform
Tuesday, May 14, 2024 - 5:32pm | 621Wedbush Securities released a report on Curaleaf Holdings, Inc. (OTC: CURLF), the largest U.S. cannabis company by market cap, raising the stock's 12-month price target to $7.00 from $6.00 and maintaining a buy recommendation (Outperform rating). Key Financials And Rating Curaleaf's market...
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Cannabis Reports Highlight $339M And $297.6M Revenue Insights In Curaleaf And Trulieve's Q1 2024 Financials
Friday, May 10, 2024 - 6:42pm | 770A recent Beacon Securities report focuses on Curaleaf's strategic financial management and the potential impacts of legislative changes on its operations. Concurrently, Needham's report highlights Trulieve's operational strengths and projected growth, emphasizing the company's...
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New York Cannabis Industry Continues To Grapple With Regulatory Challenges And Uncertainties
Tuesday, November 21, 2023 - 4:37pm | 356Setback in Cannabis Licensing Settlement Discussions Leaves Industry in Limbo The New York Cannabis Control Board faced a setback in its Friday meeting as discussions about a settlement agreement, addressing two lawsuits concerning the state's CAURD program, were removed from the agenda. The...
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Maryland's Tiny Libraries Trick, Nevada Cannabis Licensees, Missouri Supports Military Vets & More
Friday, November 3, 2023 - 10:17am | 603Missouri Cannabis Recall Resolved; $13M To Veterans & Public Services The Missouri Division of Cannabis Regulation removed a recall on 15,000 products due to non-compliance with the METRC tracking system. Some products now meet standards with THC from Missouri's regulated market....
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EXCLUSIVE: Europe Is The Biggest Opportunity For Growth In The Cannabis Sector,' Curaleaf's Boris Jordan Tells Benzinga Cannabis Capital Conference
Thursday, September 28, 2023 - 5:14pm | 871"Europe is the biggest opportunity for growth in the cannabis sector in the next five years," said Boris Jordan, founder and executive chairman of the board of Curaleaf Holdings Inc (OTCQX: CURLF) to the Benzinga Cannabis Capital Conference audience on Thursday, Sept. 28. CCC’s...
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MSO Financial Health: Debt Restructuring Vs. Equity Raises – Analyst Digs Into Spreadsheets
Thursday, September 21, 2023 - 10:55am | 1158The recent equity raises by Canopy Growth (NASDAQ: CGC) and Columbia Care (OTC: CCHWF) have sparked curiosity about which multi-state operators (MSOs) may follow suit. In its latest report, Zuanic & Associates (Z&A) delves into the financial net debt metrics of 20 MSOs to identify potential...
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Curaleaf And Trulieve Lead The Pack In Tax Payments: A Look At 16 Cannabis MSOs' Liability, Income And More
Tuesday, August 1, 2023 - 10:18am | 787How are major players in the cannabis sector handling their tax obligations, and what does it reveal about their financial strategies? A recent equity report by Zuanic & Associates sheds light on the tax payments and liabilities of 16 Multi-State Operators (MSOs) in the industry during CY22....
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Cannabis Giant Curaleaf Trims Workforce in New Jersey Amid Market Glut
Thursday, July 20, 2023 - 2:37pm | 432Curaleaf Holdings Inc (OTC: CURLF), a cannabis multistate operator (MSO), recently laid off 49 workers at its Winslow, New Jersey production facility. The company stated that while the demand in the Garden State is high, the limited number of dispensaries results in lower-than-anticipated supply...
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Amsterdam's Red Light District: Lights Out for Street Weed, Tourists Unfazed, Coffee Shops Happy
Monday, May 22, 2023 - 6:08pm | 570Amsterdam's Red Light District will no longer allow marijuana smoking on its streets starting May 25. Any violation of the new law, which will be enforced by police as well as local officials, will be punishable by a €50 (or $54) fine. Nevertheless, tourists seem to be undeterred...
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Curaleaf Settles $100,000 Class-Action Suit Following Oregon Labeling Mixup
Monday, May 22, 2023 - 6:03pm | 438Massachusetts-based cannabis company Curaleaf (OTC: CURLF) has settled another class-action lawsuit related to its Select brand CBD drops containing THC. What Happened? The settlement, the second in the case, stems from when the company mixed up its two lines of products – one...
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Curaleaf Q1 Revenue Grows 14%, Optimizing U.S. Assets & Heading To Europe Says Boss Boris Jordan
Wednesday, May 17, 2023 - 5:51pm | 572Curaleaf Holdings Inc. (CSE: CURA) (OTC: CURLF) released its financial results for the first quarter ended March 31, 2023. Q1 2023 Financial Highlights Net Revenue of $336.5 million, a year-over-year increase of 14% compared to Q1 2022 revenue of $296 million, which excludes discontinued...
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Did 4/20 Prove To Be A Hit For Cannabis Customers This Year? Here's The Data
Wednesday, April 26, 2023 - 8:31am | 592This year's 4/20 holiday was the busiest in history for U.S. dispensaries, with sales roughly twice as high as a typical Thursday, cannabis experts say. This year, consumers were eager to celebrate and retailers were able to implement more efficient sales strategies while avoiding over-...
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The Only Two Cannabis Shops In Jersey City In Legal Battle Over Being Too Close To Each Other
Thursday, April 6, 2023 - 5:57pm | 512A cannabis shop took legal action against Jersey City's planning board and a competitor for opening too nearby, alleging illegal approval. What Happened Jersey City's city ordinance mandates that the main entrances of cannabis retailers should be at least 600 feet apart. However, the...
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This Psychiatrist Says Cannabis Is A Minor-League Psychedelic & Undervalued Investment Opportunity
Thursday, April 6, 2023 - 10:17am | 840Cannabis is a psychedelic that belongs to the group of mind-manifesting substances, according to Dr. Julie Holland. "When you get high on cannabis, you can see your thoughts differently, and it can give you a bigger perspective on life," she said in an interview with Rena Sherbill...
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Hey Investors, Canada's SEC Unveils New Senior Listing Tier For US Cannabis Companies
Monday, April 3, 2023 - 6:08pm | 608The Canadian Securities Exchange (CSE) announced a new senior tier that could benefit US cannabis companies by offering them a broader investor base and lower capital costs. The new tier will include 108 companies, 39 of which are marijuana businesses. By being on the senior tier, members will...