CA - Curaleaf Offers Little Upside For Cannabis Investors
2024-05-19 07:39:39 ET
Summary
- Curaleaf is up 38% in 2024.
- The near-term financials are unexciting, and the analysts are cutting estimates for the future.
- Curaleaf's balance sheet is loaded with debt and has a terrible current ratio.
- Investors can find better cannabis stocks.
Things are going very right for Curaleaf Holdings ( CURLF ), the largest cannabis company by revenue or market cap. The stock is up 37.7% year-to-date and 107.8% since 8/29, the closing price of the stock the day before the rumor about potential rescheduling hit. I have had a Strong Sell on the stock since earlier this year, when I called it a bad stock for cannabis investors . In February, I wrote that investors had a better chance to sell it , and the stock is now 12.7% higher....
Curaleaf Offers Little Upside For Cannabis Investors