Is Curaleaf Stock a Buy?
Curaleaf Holdings (OTC: CURLF) is a large multistate cannabis operator with operations in 17 states. Its growing presence in the U.S. pot market has made it one of the most well-known marijuana stocks in the country. Acquisitions have helped Curaleaf grow and capture significant market share along the way.
But with the COVID-19 pandemic roiling global markets and economies, and cannabis companies struggling to stay afloat with limited cash on hand, there's even more risk in the industry than there was just a few months ago. Let's take a closer look at Curaleaf to see whether it's a safe stock to invest in today, or if investors are better off looking elsewhere.
Curaleaf released its year-end results on March 26. During the full year of 2019, it recorded sales of $221 million, which is nearly triple the $77.1 million that it brought in the year before.
Source Fool.com
