Why Curaleaf Got Investors Higher on Friday

One positive internal company development and another outside of its control helped propel Curaleaf (OTC: CURLF) stock into the win column on Friday. The marijuana company's shares ticked up by 1.5% that trading session, on a day when the S 500 index closed in the red at 0.4%. Weed stocks are generally unpopular and tend to trade down if anything, so the Friday rise was notable.

The internal factor was Curaleaf's announcement that it has opened a new medical marijuana dispensary in Florida, specifically in the municipality of Punta Gorda. This adds to the company's already considerable presence in the Southeastern state, as it's the 67th Curaleaf outlet there.

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Source Fool.com