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Curaleaf Holdings, Inc. (CURLF) is a prominent international provider of consumer cannabis products, known for its mission to enhance lives by sharing and celebrating the power of the plant. It operates under various brands like Curaleaf, Select, Grassroots, JAMS, Find, and Zero Proof in the medical and adult-use markets. With operations in over 15 countries globally, Curaleaf focuses on quality, expertise, and accessibility in the cannabis industry.
Recently, Curaleaf announced a strategic acquisition of Northern Green Canada, a licensed Canadian cannabis producer with a focus on international market expansion. This move aligns with Curaleaf's vision of becoming a global cannabis company with a strong presence in North America, Europe, and Australasia. The acquisition of NGC provides Curaleaf with EU-GMP certification, enabling the company to strengthen its supply chain, improve margins, and extend its global footprint.
Under the leadership of Boris Jordan, Executive Chairman, and Matt Darin, CEO, Curaleaf continues to drive growth and innovation within the cannabis space. The company's commitment to delivering high-quality products and patient access remains a top priority in evolving markets and regulatory environments.
Curaleaf Holdings (TSX: CURA) (OTCQX: CURLF) has secured a partnership with Total Wine & More to distribute its Select Zero Proof Hemp THC Seltzers in over 100 stores across nine states, including Arizona, Florida, Texas, Indiana, North Carolina and South Carolina. The expansion is expected to continue in coming months.
The beverages offer a fast-acting, hangover-free THC experience through naturally derived hemp, available in 2.5 mg and 5 mg THC options. The low-calorie seltzers are formulated without artificial flavors or colors and are subject to strict quality standards, including age-gating (21+), transparent package labeling, and independent lab testing verification through QR codes.
Curaleaf Holdings (CURLF) has announced the relocation of its Sedona, Arizona dispensary to 1610 State Road 89A, providing enhanced accessibility directly off Highway 89A. The new location, opening February 27, 2025, will operate daily from 9:00 am to 8:00 pm MST, serving both adult-use and medical patients.
The dispensary features an extensive product lineup including Select, Grassroots, JAMS, Find, and Curaleaf brands, offering various cannabis products from flower to concentrates, vapes, and infused pre-rolls. With over 150 vendors represented, the location showcases products like Select Zero Proof Hemp Seltzer and new strain offerings across Select's hardware lines.
A grand opening celebration is scheduled for March 7-8, 2025, starting with a ribbon-cutting ceremony at 10:00 am MST. The event will feature vendor presentations, exclusive promotions, and special deals for both medical patients and adult-use customers.
Curaleaf Holdings (TSX: CURA) (OTCQX: CURLF) has launched Reef, a new flower brand exclusively in Florida's medical cannabis market. The brand is now available across Curaleaf's 66 medical dispensaries in Florida and through select wholesale partners. Reef offers Sativa, Indica, and Hybrid strains with tropical and citrus flavor profiles, including varieties like Big Lime Key, Lemon Slush, Apple Bottom Genes, and Orange Peelz.
The launch reinforces Curaleaf's commitment to Florida's medical cannabis market, where the company expanded its presence with three new retail locations in the second half of 2024. The brand aims to provide high-quality cannabis products while celebrating Florida's coastal culture and natural environment.
Curaleaf Holdings (TSX: CURA / OTCQX: CURLF), a leading international cannabis consumer products provider, has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for March 3, 2025, after market close. The company will host a conference call and audio webcast at 5:00 p.m. ET on the same day, featuring management's prepared remarks and a Q&A session focused on operational and financial highlights.
The earnings call will be accessible via phone at +1-844-512-2926 (U.S.), +1-416-639-5883 (Canada), or +1-412-317-6300 (International) using passcode 4167856. A webcast will be available through the investor relations website. A replay will be accessible until March 10, 2025, using different dial-in numbers.
Curaleaf Holdings (TSX: CURA) (OTCQX: CURLF) has launched Select Zero Proof 2.5 mg Hemp THC Seltzer, expanding its hemp-derived THC product line just in time for Dry January. This new offering complements the existing 5 mg version launched in Summer 2024.
The seltzers are now available in new flavors including Black Cherry, Grapefruit, and Watermelon, alongside the original Berry flavor, sold in single flavor 4-packs or mixed variety 8-packs. Distribution channels include major retailers, on-demand delivery services, TheHempCompany.com, and select Curaleaf retail stores.
Key product features include:
- Fast-acting formula
- Low calorie
- Free of artificial flavors and colors
- Manufactured in certified cGMP facilities
- Strict quality control and testing standards
The company emphasizes its commitment to regulated products with age-gating (21+), transparent labeling, and QR codes linking to independent lab testing certificates. Curaleaf plans to introduce more products under The Hemp Company offering in 2025.
Curaleaf Holdings reported Q3 2024 results with revenue of $331 million, down 1% year-over-year, and adjusted gross margin of 49%, up 312 basis points. International revenue grew 82% year-over-year to $30 million. The company secured a $40 million revolving credit facility at 7.99% interest rate. Q3 highlights include net loss of $44 million, adjusted EBITDA of $75.3 million (23% margin), and cash balance of $90 million. Year-to-date operating cash flow reached $119 million with free cash flow of $53 million. The company expanded operations by opening new dispensaries in New York and Florida, bringing total U.S. retail stores to 151.
Curaleaf Holdings has secured a new $40 million revolving credit facility with a major commercial regional bank. The two-year secured facility, maturing on December 15, 2026, carries an interest rate of 7.99% on outstanding principal. The credit line will support general corporate purposes and working capital needs. CEO Boris Jordan emphasized this as a milestone achievement, providing flexibility uncommon in the cannabis sector during a challenging capital-raising environment. The facility aligns with the company's focus on cost-savings measures and profitable growth initiatives.
Curaleaf International released a report highlighting significant concerns about illegal online cannabis sales in the UK, which have increased by 50% in the past two years. The study reveals that 73% of online purchases are driven by consumers seeking relief from health conditions. Testing showed illegal cannabis contains harmful contaminants including mould, lead, and synthetic cannabinoids, posing serious health risks to 1.8 million UK users who self-treat medical conditions. Despite these dangers, 17% of cannabis consumers believe illegal cannabis is safer than regulated medical cannabis or don't recognize the difference. Curaleaf advocates for stronger enforcement, public education, improved patient access, and expanded research to address these challenges.
Curaleaf Holdings has opened a new medical cannabis dispensary in Miami, Florida, located at 8868 SW Bird Road. This marks the company's 66th location in Florida and 8th dispensary in Miami-Dade County, bringing their total U.S. presence to 151 dispensaries. The new location offers various cannabis products including Select Fruit STIQ vapes, Grassroots craft flower, pre-rolls, and Select Liquid Diamonds. Operating hours are 9:00 a.m. to 8:30 p.m. ET Monday-Saturday and 10:00 a.m. to 7:00 p.m. ET on Sundays. A grand opening celebration will be announced later, featuring promotions, a ribbon-cutting ceremony, live music, and prizes.
Curaleaf Holdings, Inc. (TSX: CURA / OTCQX: CURLF), a leading international provider of consumer products in cannabis, has announced that it will report its financial and operational results for the third quarter ended September 30, 2024, after market close on November 6, 2024. The company will host a conference call and audio webcast at 5:00 p.m. ET on the same day.
The earnings call will consist of prepared remarks from management, followed by a question-and-answer session related to the company's operational and financial highlights. Interested parties can join the live call using the provided phone numbers or access the webcast through Curaleaf's investor relations website. For those unable to join the live call, a dial-in replay will be available until November 13, 2024.
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