Streetbeat News

CURLF

Curaleaf Holdings Inc

Employees

5,138

Industry

Medicinal and Botanical Manufacturing

Open

2.30

Mkt cap

1.6B

Volume

197K

High

2.30

P/E Ratio

-7.03

52-wk high

6.40

Low

2.08

Div yield

N/A

52-wk low

2.07

Cannabis stocks and ETFs experienced significant gains following the DEA's decision to consider rescheduling marijuana from Schedule I to Schedule III, indicating a potential shift in regulatory stance and acknowledging its medical use. This move has sparked optimism among investors about the future of the cannabis industry.

Portfolio Pulse from Jelena Martinovic

April 30, 2024 | 6:43 pm

Marijuana stocks experienced significant movement on April 25, 2024, with notable gainers including Cannabix Technologies, Kaya Holdings, and Urban-gro, among others. Conversely, several companies faced declines, such as Global Hemp Group, GrowGeneration, and Aurora Cannabis. This reflects the volatile nature of the marijuana stock market.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:30 pm

Employees at Cresco Labs Inc.'s Massachusetts-based cannabis cultivation operations voted to de-unionize, reversing their previous decision to unionize with the UFCW Local 328. The decision was influenced by dissatisfaction with wage increases and benefits. Meanwhile, Curaleaf Holdings, Inc. faces protests in Arizona for safer working conditions and wages, with the company refusing to acknowledge the union according to a National Labor Relations Board ruling.

Portfolio Pulse from Jelena Martinovic

April 24, 2024 | 5:04 pm

This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

Cannabis industry valuations and multiples for major MSOs have increased Y/O/Y, driven by rescheduling prospects. The EV/NTM EBITDA multiples for 14 MSOs showed an aggregate 39% increase, with notable exceptions like Jushi, TerrAscend, and Ascend experiencing declines. Factors influencing these changes include variations in enterprise value and EBITDA estimates, with a general trend towards valuing EBITDA at higher multiples despite a decrease in EBITDA estimates for some. Companies like Cresco and Ascend, showing modest valuation multiples but increased EBITDA expectations, may warrant further investigation.

Portfolio Pulse from Viridian Capital Advisors

April 18, 2024 | 4:19 pm

Florida Governor Ron DeSantis criticized the cannabis legalization amendment set for the November 2024 ballot, suggesting it would lead to public marijuana consumption near schools. He also targeted cannabis companies supporting the amendment, including Trulieve Cannabis Corp and others, for their financial interests in the amendment's passage.

Portfolio Pulse from Maureen Meehan

April 17, 2024 | 11:20 pm

Marijuana stocks saw significant movement on April 17, 2024, with notable gainers including Green Growth Brands and Elixinol Wellness, and losers like Khiron Life Sciences and Item 9 Labs. The movements reflect volatility in the cannabis sector, impacting companies listed on both OTC and major exchanges like NASDAQ and NYSE.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:30 pm

Flora Growth Corp. (NASDAQ:FLGC) has announced the acquisition of Germany-based TruHC Pharma GmbH, aiming to expand its global footprint in the cannabis market. This move is strategic, following Germany's new cannabis law that partially legalizes cannabis. The acquisition, valued at $6.4 million, will be completed in two closings, with the first expected by the end of April 2024. Other companies like Aurora Cannabis, Tilray Brands, and Curaleaf Holdings are also exploring the German market, which is seen as a significant opportunity following legalization.

Portfolio Pulse from Jelena Martinovic

April 17, 2024 | 4:28 pm

The article reports on the significant gainers and losers among cannabis stocks for April 16, 2024. Notable gainers include Global Hemp Group, Heritage Cannabis Holding, and Indiva, with increases of 66.67%, 28.57%, and 24.32% respectively. On the losing end, Item 9 Labs, Zoned Props, and Greenlane Holdings saw declines of 33.33%, 18.33%, and 12.44%. The article highlights the volatility in the cannabis sector, with several companies experiencing notable changes in their stock prices.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 8:30 pm

Matt Darin discusses the varying cannabis cultures across Europe and notes a growing support for cannabis legislation. The context was likely shared during the Cannabis Capital Conference, with a mention of how to access the conference for both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:05 pm

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