Curaleaf Hldgs Stock Price, News & Analysis

Curaleaf and B NOBLE have expanded their partnership into medical dispensaries in New York. This initiative marks a significant milestone in advancing social equity in the cannabis industry. The New York Cannabis Control Board recently approved whole flower cannabis offerings. B NOBLE, co-founded by Bernard Noble, aims to support those affected by the War on Drugs. The brand will introduce whole flower products in New York, with 10% of proceeds dedicated to local organizations focused on social equity. B NOBLE is now available in ten states, highlighting its growth and commitment to social impact.

Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) announces the opening of its 38th dispensary in Florida, located in Spring Hill. This marks Curaleaf's expansion in the state, bringing its total to 113 nationwide dispensaries. The Spring Hill location will offer high-quality medical cannabis products, including Select and new releases like Select Squeeze and Select Bites. To celebrate the grand opening on December 4th, patients can enjoy a 30% discount on most products. Curaleaf has also created over 1,000 jobs in Florida in 2021, enhancing local access to cannabis care.

Curaleaf has announced the opening of its new dispensary, Curaleaf 48th Street, in Phoenix, Arizona, marking the company’s ninth location in the state and 112th nationwide. The facility, spanning 5,000 square feet, will operate seven days a week and create over 40 new jobs in the local economy. Following the legalization of adult-use cannabis in January, Curaleaf has reported an 80% increase in customer demand. The grand opening event is scheduled from December 3 to December 5, featuring promotional offers for first-time visitors.

Curaleaf Holdings has established a national distribution agreement with Southern Glazer's Wine & Spirits, enhancing the reach of its Hemp and Select CBD product lines. This collaboration leverages Curaleaf's high-quality non-psychoactive hemp expertise alongside Southern Glazer's extensive distribution network and e-commerce platform. The partnership aims to drive growth and innovation in Curaleaf's CBD offerings, including new products featuring minor cannabinoids. Curaleaf operates across 23 U.S. states, with over 111 dispensaries, and is committed to quality and customer accessibility.

Curaleaf Holdings reported Q3 2021 revenue of $317 million, marking a 2% sequential increase and 74% year-over-year growth. Adjusted EBITDA reached $71 million, up 69% YoY. However, gross profit fell by 7% from Q2, affected by a one-time loss on inventory and declining gross margins at 45.6%. The company announced the acquisition of Tryke Companies to boost market presence in Nevada, Arizona, and Utah, following the completion of the Los Sueños Farms acquisition in October 2021.

Curaleaf Holdings has announced its acquisition of Tryke Companies, a multi-state cannabis operator, valued at approximately US$286 million. The deal includes US$40 million in cash at closing and US$75 million to be paid over three years. This acquisition aims to enhance Curaleaf's operations and product offerings in Arizona, Nevada, and Utah, with expected immediate improvements to EBITDA margins and free cash flow. Tryke's business is projected to generate nearly US$110 million in revenue for 2021, reinforcing Curaleaf's growth strategy.

Curaleaf Holdings has launched sales of whole flower cannabis in New York starting today in its Newburgh dispensary, with sales at additional locations commencing tomorrow. This move marks a significant expansion in product offerings, enabling patients access to whole flower for the first time. Curaleaf plans to supply wholesale partners across the state by the end of the month, strengthening its market position. CEO Joe Bayern expressed gratitude toward state officials and emphasized readiness for robust sales in New York.

Curaleaf expands its co-branded Rolling Stone by Select cannabis product line into California, Arizona, and Massachusetts in early 2022. This follows its successful launch in Nevada and aims to enhance product accessibility linking music and cannabis. The new offerings include three vape products: 'Overdrive' Sativa, 'Phaser' Hybrid, and 'Reverb' Indica, utilizing Select's premium cannabis oil and innovative Cliq pod system. Curaleaf operates across 23 states with a commitment to high-quality cannabis, enhancing consumer experiences.

Curaleaf Holdings, Inc. (CURLF) has expanded the B NOBLE cannabis brand to six additional states, following its initial launch in Massachusetts and Maryland earlier this year. Now available in eight states, B NOBLE aims to promote social equity and support individuals affected by the War on Drugs, donating 10% of proceeds to local organizations. Founded with artist Fab 5 Freddy, the brand's mission stems from the case of Bernard Noble, who faced severe penalties for minimal cannabis possession. Curaleaf’s initiative aligns with its corporate social responsibility program focused on diversity and sustainability.