uploads/2018/11/Chart-03-3-1.jpg

Assessing Curaleaf Holdings’ Major Developments Year-to-Date

By

Updated

Curaleaf Holdings

Curaleaf Holdings (LDVTF) has entered into a few agreements for the expansion of its presence, and it’s also achieved a few milestones this year. We’ll discuss some of the company’s key developments in 2018 in this article.

The chart above lists a few of the key developments for Curaleaf year-to-date.

Article continues below advertisement

Acquisitions in 2018

Curaleaf acquired Swelly Farmacy, a vertically integrated cannabis operator in Arizona, in April. Swelly Farmacy had four dispensaries in Arizona.

Curaleaf also acquired Midtown Roots, a dispensary located in downtown Phoenix, Arizona, in October.

Industry firsts

Curaleaf achieved a few industry firsts in 2018:

  • It achieved a Safe Quality Food certification under the Global Food Safety Initiative.
  • It was the first company to formulate and sell vaporizer cartridges in New Jersey.
  • It was the first company to open a dispensary in the 2017 license class in New York. It has three dispensaries in New York as of November 26.
  • It opened the first drive-through dispensary on the East Coast.

Expansion of retail footprint

Curaleaf has increased its footprint over the last few months. The company had dispensaries in 29 locations as of September 30, and this number has increased to 33 locations as of November 26. The new dispensaries opened in North Miami, Tampa, Tallahassee, and downtown Phoenix.

Apart from its dispensaries, Curaleaf has ten processing sites and 12 cultivation sites as of November 26.

The Evolve Marijuana ETF (SEED) holds 4.1% in HEXO (HEXO), 6.3% in Aphria (APHA), and 7.8% in Aurora Cannabis (ACB).

Advertisement

More From Market Realist