The Market for Cannabis Companies Continues to Grow and See Rising Sales Numbers as More and More States in the U.S. Legalize Marijuana and for Some Companies, Like Curaleaf, 2021 May Be Better Financially Than Anyone Expected Based on its Most Recent Quarterly Report
Curaleaf (CSE:CURA) (OTCQX:CURLF), showed strong first-quarter earnings. These earnings have put them on track to deliver well-above-consensus numbers for the year. They also beat Curaleaf’s own guidance for full-year revenue ($1.2 billion) and are now expecting $1.3 billion. Analysts believe Curaleaf’s impressive performance is due to a number of factors, one of the most significant being that Curaleaf is an all-encompassing company. Curaleaf has a balance and depth within U.S. markets; they are prepared for federal legalization, and they have a strong balance sheet.