This Is Why Curaleaf Is a Great Stock to Buy Right Now
U.S. cannabis companies have been in the limelight since the pandemic hit. Legal cannabis sales in the U.S. grew 46% year over year to $17.5 billion in 2020, and some companies saw their revenue triple.
But one in particular, Massachusetts-based Curaleaf Holdings (OTC: CURLF), might just be the best pot stock you will ever hold. Over the past 12 months, Curaleaf's stock has surged 274%, outperforming the industry benchmark Horizons Marijuana Life Sciences ETF's gain of 122%.
This cannabis company is on a roll. Its financial performance was exceptional in each quarter of 2020. Its ability to expand by opening close to 50 new dispensaries amid a pandemic drove its revenue growth. It has also been reporting consistent positive earnings before interest, tax, depreciation, and amortization (EBITDA). Let's take a look at why Curaleaf is a gem among a crowded field of cannabis players right now.
Source Fool.com
