Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) has attracted the attention of countless investors this year; today is no different, with Curaleaf stock trading in the green Wednesday.
Curaleaf Stock: The Latest
It has been a whirlwind two weeks for Curaleaf Holdings. On May 30, 2019, the company released its earnings for the first quarter, which sent Curaleaf stock down, largely because the company did not meet revenue expectations. And yet, many remain optimistic about the company.
Highlights from the Q1 report included total revenue ($35.3 million) increasing 288% Y-O-Y, which reflected a 10% quarter-over-quarter increase. Despite analysts expecting revenue of $37.5 million, and despite seeing a decrease in where the company ended Q1 in terms of cash, cash equivalents, and short-term investments, Curaleaf Holdings is still in investors' good books.
We can see that in the trading day Curaleaf stock is having today. There are other things at play, however. Curaleaf stock is up 90% year to date according to Yahoo Finance, its CBD products are on the shelves of CVS Health, and today, the company said it'll be participating in various institutional investor conferences this month.
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Lower-than-expected revenue aside, today's announcement shows that Curaleaf Holdings is still getting out in the world—and it's benefitting from it.
According to Yahoo Finance, as of 12:55 PM EDT, Curaleaf stock is trading at $10.95 on the CSE; this puts Curaleaf stock up 6.83%.
Positives on the Horizon?
It's been a great year for Curaleaf Holdings (and Curaleaf stock) so far. But that doesn't mean it's smooth sailing from here on out: CFO Neil Davidson said the company will see faster growth not in the second quarter, but rather the second half of the year. And yet, one has to think that the abundance of appearances at conferences this month will help Curaleaf see some positives in the second quarter.
Either way, it looks like Curaleaf Holdings is a company to watch this year.
What do you think, though?
Featured image: Canva
