It’s been a long road for this company, and despite a couple of false starts, they are finally starting to see results. The most recent press coverage came from the publication of a couple of articles.
In this article I will discuss the top pot stocks that offer high returns irrespective of the market conditions. At the end of the day, the marijuana market is a niche market. The investors who bet big on it will be rewarded handsomely.In this article, I will give a brief overview of the top pot stocks that I am considering investing in.
In the last few months, Top Pot’s stock has continued to expand. In the last year, Top Pot has made a number of strategic investments that have helped to expand their distribution footprint. Most recently, Top Pot has purchased a second retail location in the UK, and a new license to produce in Florida. The expansion has allowed Top Pot to better service their customers and is a testament to their ability to innovate. It is a testament to their industry leading strategy that the company is able to continually execute on their existing business plan, while at the same time making strategic investments that allow them to grow.. Read more about top marijuanas penny stocks 2020 and let us know what you think.
A high-growth company in a high-growth industry
The first reason investors love cannabis stocks is their upside potential. In other words: If cannabis companies want to remain attractive to investors, they need to demonstrate their ability to grow.
But because cannabis is a highly regulated business, it’s not easy to grow. Therefore, although the industry as a whole has been growing for years, many bears say that some cannabis stocks have not yet earned their valuation.
The good news is that some cannabis companies are moving forward with their expansion plans. Curaleaf Holdings Inc (CNSX:CURA, OTCMKTS:CURLF) is a good example.
At the end of the first quarter of 2021, Curaleaf had 23 grow sites with more than two million square feet, 30 processing sites, 1,992 wholesale partner accounts and 102 retail locations. Together, the company reaches 192 million people. (Source: Curaleaf reports record financial and operating results for Q1 2021, Curaleaf Holdings Inc, May 10, 2021).
Given the position of other cannabis companies, this is a fairly significant market presence.
But some of these figures are not accurate. That’s because Curaleaf has grown even more since then.
In April, Curaleaf celebrated the grand opening of its new 4,700 square foot office in Westmont, Illinois. It was the 10. company retail pharmacy in the state and 103rd nationally. (Source: Curaleaf announces rebranding of Illinois stores, opening of new Westmont store and donation to Il Social Equity Partners, Curaleaf Holdings Inc, April 5, 2021)
In April, Curaleaf also opened two new offices in Horsham and Philadelphia, marking its 11th and 12th offices. Corporate office in Pennsylvania.
Then, on the 30th. In April, the company opened a new Curaleaf branded facility in South Portland, Massachusetts. Although Curaleaf has been in the medical marijuana market in Maine since 2014, this is the company’s first location selling recreational marijuana in the state.
In June, the company announced the opening of Curaleaf Edgewater Park, its second pharmacy in New Jersey and 107th in the country. (Source: Curaleaf expands New Jersey presence with new clinic and grow room, Curaleaf Holdings Inc, June 24, 2021)
In addition to opening new pharmacies, Curaleaf is also expanding the scope of its cultures.
The 17th. In May 2021, the company announced an agreement to acquire Los Sueños Farms and related businesses, Colorado’s largest outdoor marijuana facility. (Source: Curaleaf acquires Colorado-based Los Sueños, Curaleaf Holdings Inc, May 17, 2021).
The impending acquisition includes three 66-acre outdoor cannabis cultivation facilities, one 1,800-plant indoor cultivation facility and two recreational cannabis distribution centers.
The deal is expected to add more than 50,000 pounds per year of low-cost wholesale capacity to Curaleaf’s presence in Colorado.
Curaleaf Holdings Inc. is also successfully promoting itself in the international market. At the end of the first quarter, Curaleaf completed the previously announced acquisition of EMMAC Life Sciences Limited, the largest independent vertically integrated cannabis company in Europe.
In May, Adven GmbH, a wholly owned subsidiary of Curaleaf, launched its own line of medicinal cannabis products in Germany, the largest medicinal cannabis market in Europe.
Remember, all this progress is very recent. But this did not translate into an increase in Curaleaf’s share price. In fact, CURLF stock has moved sideways since the end of the first quarter of 2021, as shown in the following chart.
Curaleaf Holdings Inc (OCTMKTS:CURLF) Share chart
Graph courtesy of StockCharts.com
And you can’t say Curaleaf Holdings Inc’s first quarter results were a failure. During the quarter, the Company generated record revenues of $260.0 million, up 170% from the prior year.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $63.0 million, up 213% from the prior year and a new record.
Weed companies are known for their high growth rates, but Curaleaf’s performance is impressive, even by cannabis industry standards.
Curaleaf Holdings Inc. does not intend to stop there. For the full year 2021, management expects revenue between $1.2 and $1.3 billion. With sales of $626.6 million in 2020, meeting the forecast for 2021 would mean another year of strong growth for Curaleaf.
The bottom line is that cannabis stocks get more attention from investors when they are rising and less when they are not.
Right now, their gains are not great, as the big names like Curaleaf shares seem to be consolidating rather than rising.
For investors who believe in the future of the cannabis industry, now could be the time to buy solid stocks like Curaleaf Holdings Inc.Top Pot is a Colorado-based company that is rapidly expanding. They have been rapidly expanding in terms of the products that they have been producing, and they are rapidly expanding in terms of how many states they are currently operating in. They are now operating in two states and they will be opening more locations in other states later this year.. Read more about curaleaf holdings subsidiaries and let us know what you think.
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