Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) is becoming a serious contender in the cannabis sector, though it might not look like it today. Curaleaf stock is trading down a little over 1%. Still, the Wakefield, Massachusetts-based company has made several moves lately, and it’s getting the attention it deserves.
Here’s the latest with Curaleaf Holdings.
Curaleaf Stock: What’s the Latest?
At the start of the week, Curaleaf stock jumped nearly 10% after announcing that it has opened its 26th dispensary in Florida, this time located in Port Charlotte. Not long before this announcement, Curaleaf stock increased by 12%. Of course, it hasn’t all been positive for the company: the cannabis stock fell 10% in July with investors worrying about a warning letter from the FDA. That said, the latter has not stopped Canaccord from looking at the company with bright eyes.
On Wednesday, Canaccord named Curaleaf as one of its top picks among multi-state operators in the US cannabis sector. Curaleaf stock was seen bucking the negative trend that occurred yesterday, which saw TGOD stock dropping 15%. According to analyst Matt Bottomley, Curaleaf Holdings is a promising company due to its geographic exposure as well as its operating assets. These are two things that Bottomley says makes Curaleaf the biggest vertically integrated cannabis company in the United States.
All good news, but Curaleaf stock is still trading in the red Thursday. It’s worth mentioning, however, that it’s still early in the trading day. And there’s always tomorrow.
According to Yahoo Finance, as of 10:47 AM EDT, Curaleaf stock is trading at $7.53, which puts it down 1.96%.
Do you see Curaleaf becoming a leader in the cannabis sector? Do you already see it as one? Based on what Matt Bottomley said Wednesday, you wouldn’t be the only one if you did. And with these comments, keeping an eye on Curaleaf stock in the coming weeks seems like a reasonable idea. What do you think?
Featured image: Pixabay