Curaleaf Hldgs Stock Price, News & Analysis

Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) has appointed Talley Wettlaufer as Senior Vice President of Retail, effective immediately, succeeding Chris Melillo. Wettlaufer, with over 20 years of experience, previously led retail operations at Grassroots Cannabis, tripling its footprint and enhancing revenue growth. Curaleaf recently expanded its network to 93 dispensaries across 23 states after acquiring Grassroots, positioning itself as the largest cannabis company by revenue in the U.S., reaching 192 million potential customers.

Curaleaf has opened its third retail location in Nevada, named Curaleaf Ely, boosting its total to 93 dispensaries across the U.S. This new dispensary will cater to both medical and adult-use customers in central-eastern Nevada, operating daily from 9 AM to 9 PM. The Ely location aims to offer expanded access to high-quality cannabis products, including offerings from Select, the top cannabis oil brand in the country. This expansion underscores Curaleaf's commitment to enhancing cannabis accessibility while adhering to safety measures related to COVID-19.

Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) announced that President Joseph Bayern will speak at the AdvisorShares Cannabis Week AlphaCall Virtual Event on September 8, 2020, at 4:00 p.m. ET. The discussion, hosted by Dan Ahrens, Portfolio Manager of the AdvisorShares MSOS ETF, will be accessible on Curaleaf's investor relations website. Curaleaf is a leading multi-state cannabis operator with operations in 23 states, managing 91 dispensaries and over 3,000 employees, focused on improving lives through quality cannabis products.

Curaleaf Holdings has launched its 31st dispensary, Curaleaf Brandon, in Florida, reflecting its commitment to expanding access to medical cannabis. This new location is part of Curaleaf's strategic growth in the Tampa Bay area, which has seen the company open three new dispensaries this quarter. Florida's medical cannabis market is rapidly growing, with 394,000 registered patients. The company also plans to introduce new products, including edibles. Curaleaf has created 722 jobs in Florida, contributing to the local economy.

Greenhouse Group has opened its largest adult-use cannabis dispensary in Skokie, Illinois, covering 15,000 square feet. The opening ceremony, in collaboration with the Skokie Chamber of Commerce, took place on September 3, 2020. The dispensary aims to provide a welcoming environment and a premium customer experience, featuring educational displays and product consultations. Customers can access various cannabis products, including the new Blues Brothers x Grassroots line. Greenhouse Skokie is now under the Curaleaf umbrella following Curaleaf's acquisition of Grassroots on July 23, 2020.

Curaleaf Holdings has announced the opening of its first retail location in Utah, located in Lehi, marking the company's 90th storefront nationwide. This strategic location, awarded one of the state's 14 licenses, is positioned off the heavily trafficked I15 freeway, enhancing patient access. Curaleaf aims to provide high-quality medical cannabis products, anticipating strong demand as acceptance grows for cannabis use. The company is also nearing completion of a processing operation in North Salt Lake City, set to open mid-September.

Curaleaf Holdings has opened its 30th dispensary in Florida, located in Tampa, marking the 89th dispensary nationwide. This expansion aims to serve Florida's 394,000 registered medical patients, contributing to job creation in the cannabis sector, with an average of 11 jobs per new location. Curaleaf's new Tampa store features the best-selling Select products, aligning with the company's commitment to quality service and accessibility. This opening occurs amid Florida's economic recovery from a peak unemployment rate of 10.4% due to COVID-19.

Curaleaf has opened its 29th cannabis dispensary in Clearwater, Florida, expanding its retail footprint to 89 locations nationwide. The new store offers products from Curaleaf and Select brands, including Select Elite Live, an enhanced live resin product. Florida's medical cannabis market is rapidly growing, with over 394,000 registered patients. To ensure safety, Curaleaf has adopted contactless payment options amid COVID-19. The company employs over 3,000 individuals across 23 states, showcasing its commitment to providing accessible medical cannabis and supporting patient needs.

Curaleaf Holdings reported a record second quarter for 2020, achieving $165.4 million in pro forma revenue and $121.4 million in managed revenue, reflecting a 120% year-over-year growth. Total revenue reached $117.5 million, a 142% increase from the previous year. The company reported Adjusted EBITDA of $28.0 million, marking a 40% sequential growth. Despite challenges from COVID-19, Curaleaf completed significant acquisitions, expanding its operational footprint to 23 states. The net loss improved to $2.0 million from $24.5 million in Q2 2019.