Curaleaf Holdings (CURA-Cse) top pick from Brian Madden on BNN.ca Market Call Tuesday May 4th @ 1200ET
Curaleaf Holdings is the world’s largest producer of marijuana, as measured by sales. Operating entirely in the United States and in Europe but listed in Canada, Curaleaf is vertically integrated with a presence in 23 states and five western European countries, including 24 cultivation sites, 30 processing facilities and 106 dispensaries. The company is growing rapidly, both organically with many new dispensaries opened in recent quarters and with licenses to open a further 29 stores, as well as via acquisitions. The company is leveraging its roots in medicinal marijuana and moving into recreational marijuana as more and more states, including five more in November via ballot initiatives in the U.S. election, legalize marijuana. Unlike the Canadian market which is oversupplied and where the regulated market is struggling to compete with the black market, the United States market is undersupplied. And perhaps most importantly, unlike the vast majority of Canadian marijuana producers, Curaleaf has a sound strategy, a strong board and management team and excellent corporate governance and management-shareholder alignment. |
