The announcement

Today, Curaleaf Holdings (CURLF) announced the opening of its first medical marijuana dispensary in Titusville and 20th medical marijuana dispensary in Florida. The company currently operates 38 dispensaries in the United States.

Curaleaf Holdings Opens Its First Dispensary in Titusville

Curaleaf offers medical marijuana educational seminars and resources to patients and physicians at its Titusville dispensary located at 200 South Washington Avenue. The 4,700-square-foot facility, which possesses two private consultation rooms, provides customers with Curaleaf’s line of superior medical marijuana products.

Curaleaf Florida president Lindsay Jones said, “Today we are proud to be the first company to bring a full medical marijuana dispensary experience to the Titusville community. In 2018, Curaleaf fulfilled its promise to Florida’s patients to provide them with access to premium-quality medical marijuana products by opening 17 dispensaries from Miami to Tallahassee. Our team continues to pursue aggressive growth throughout the state, including increasing our capacity to provide premium quality products developed through groundbreaking technology in our new 275,000 square foot state-of-the-art cultivation facility in Central Florida,” reported PR Newswire.

Stock performance

Today, Curaleaf Holdings was trading at 6.1% higher as of 11:00 AM ET. Curaleaf has started 2019 on a brighter note. Year-to-date, the stock has returned 18.4%, as of January 4. During the same period, peers Acreage Holdings (ACRGF), MedMen Enterprises (MMNFF), and Green Organic Dutchman Holdings (TGODF) have returned 12.9%, 23.6%, and 5.4%, respectively. Also, the Horizons Marijuana Life Sciences Index ETF (HMMJ), which tracks the North American Medical Marijuana Index, has returned 7.0%.

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