This post first appeared on Micro Cap Daily

Curaleaf Holdings, Inc. (OTCQX: CURLF) stock price has been losing value rapidly in the last several months of 2018. So much so, in fact, that the company’s stock value dropped down to its support level at $4. However, things took a sharp turn for the better in late December, and the new momentum only continued to lead the price up throughout 2019. CURLF saw steady growth throughout January and February, which led it to a resistance level at $8. The roadblock was strong, and it forced the price into a small correction, but it was quickly breached in mid-March with a sudden spike up. Since then, the stock price has been struggling to breach another major resistance, but this one at $11.

About Curaleaf Holdings

Curaleaf is a leading vertically integrated medical and wellness cannabis company in the US. The company consists of professionals with decades of accumulated knowledge and experience in a large variety of fields, which is what allowed the firm to grow to become one of the most successful cannabis businesses in the country.

The company is headquartered in Wakefield, MA, from where it produces and distributes various cannabis-based products. The company operates in a variety of states, including New York, Florida, California, and Nevada.

Its goal is to provide the best medical cannabis solutions to its customers, which it achieves through strict cultivation and manufacturing processes.

To Find out the inside Scoop on Curaleaf Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Curaleaf Holdings’ rapid growth in 2019

As mentioned, Curaleaf went through a price decline in late 2018, which is not too surprising, considering that this was a period when the entire stock market suffered a large crash. However, the company quickly started its recovery as soon as 2019 arrived.

They started by opening a medical cannabis dispensary in the state of New York, in Nassau County. Only days later, the company also launched its 20th medical marijuana dispensary in Florida, which was followed by the 21st one, also in Florida, in Bonita Springs.

At the same time, the company was making plans to expand its operations in Maryland through several new financing and purchase option agreements. On January 11th, it was announced that Curaleaf won Ohio processing license, and the firm finally joined OTCQX in mid-February.

As February drove to a close, Curaleaf also announced plans to establish vertically integrated operations in California. The plan was to achieve this through strategic acquisitions. However, this did not stop the company from expanding to other states as well, and its aggressive expansion next took it to Nevada. Curaleaf also continued to strengthen its position in Florida by opening yet another dispensary, which also featured Miami’s first medical marijuana drive-thru.

Finally, on April 1st, the company successfully completed the acquisition of Eureka, which helped cement Curaleaf’s foundation in California, thus giving it access to the United States’ largest cannabis consumption market.

We have a Monster Pick Coming. Subscribe Right Now!

The company’s stock continued its growth during the past four months, almost with no stop or pause. The firm’s market cap grew to the current $3.5 billion, while the stock price itself once again approaches the resistance level at $11, with the current price of $10.43 and growth of 4.13% in the past 24 hours. The company is growing, expanding, and advancing rapidly in every way, and it is only a matter of time before its’ stock price surges to even larger heights. With that in mind, if there was ever a good time to invest in Curaleaf — it is right now. We will be updating on Curaleaf when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Curaleaf.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in Curaleaf either long or short and we have not been compensated for this article.

--
Copyright in text and images in this article belong to the original source.

This post first appeared on Micro Cap Daily

Tagged on: