Curaleaf Stock: New Lows And A Cloudy Outlook

Summary

  • Investors saw new lows for CURLF shares. Curaleaf delayed its Q4 earnings release and conference call.
  • There are two big issues facing cannabis companies.
  • For CURLF shares, the trend is not your friend.
  • Tobacco and cigarettes remain a far better bet.
  • Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More »

The cannabis plant on US dollars. Money with marijuana leaves.

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On August 8, 2023, I wrote about Curaleaf (OTCPK:CURLF) on Seeking Alpha. At that time, CURLF shares were at the $5.67 level, with the company's market cap leading the sector at just over $4 billion. I pointed out that

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This article was written by

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Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals.

He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis.

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