Boris Jordan Says For Curafleaf Specifically, There Is European Play; Don't Have To Wait For Catalyst; Major Catalyst Was German News On Taking Cannabis Off Narcotic List; Seen Bullish Sign In First Two Weeks Coming Off Telemedicine Platforms
Portfolio Pulse from Benzinga Newsdesk
Boris Jordan highlighted Curaleaf's potential in Europe following Germany's decision to remove cannabis from the narcotic list, viewing it as a major catalyst. The first two weeks have shown positive signs from telemedicine platforms.
April 16, 2024 | 6:10 pm
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POSITIVE IMPACT
Curaleaf's European market potential is boosted by Germany's regulatory change on cannabis, indicating a bullish outlook.
Germany's decision to deregulate cannabis presents a significant opportunity for Curaleaf in Europe. The positive feedback from telemedicine platforms in the first two weeks further supports a bullish outlook for CURLF.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
The German regulatory change and Curaleaf's European market potential may indirectly benefit MSOS, reflecting positively on the broader US cannabis sector.
While MSOS is not directly mentioned in the context of the German regulatory change, the positive developments for Curaleaf (CURLF) in Europe could have a halo effect on the broader US cannabis market, including ETFs like MSOS that track the sector.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50