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Curaleaf Holdings ( (TSE:CURA) ) has provided an update.
Curaleaf Holdings has terminated its binding commitment to acquire The Cannabist Company’s Virginia assets after a competing bid valued the portfolio at $130 million plus a $30 million lease liability, a price Curaleaf concluded was above the assets’ rational fair value following due diligence. The company expects to collect a $3.3 million break fee tied to the cancelled agreement and emphasized it will remain disciplined and opportunistic in its M&A strategy, underscoring a cautious approach to capital deployment in the competitive U.S. cannabis market.
The most recent analyst rating on (TSE:CURA) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.
Spark’s Take on TSE:CURA Stock
According to Spark, TipRanks’ AI Analyst, TSE:CURA is a Neutral.
Curaleaf Holdings’ overall stock score is primarily influenced by its financial performance and technical analysis. The company faces significant challenges with declining revenue and profitability, and increased leverage poses financial risks. However, strong cash flow generation and bullish technical indicators provide some optimism. The valuation remains a concern due to ongoing losses and lack of dividend yield. The earnings call highlights international growth as a positive factor, but domestic challenges persist.
To see Spark’s full report on TSE:CURA stock, click here.
More about Curaleaf Holdings
Curaleaf Holdings, Inc. is a leading international provider of consumer cannabis products, offering medical and adult-use cannabis across multiple markets under brands including Curaleaf, Select, Grassroots, Find, Anthem and The Hemp Company. The company operates across the full cannabis supply chain with a strong distribution network in Europe, Canada and Australasia, and is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX under CURLF.
Average Trading Volume: 1,087,111
Technical Sentiment Signal: Buy
Current Market Cap: C$5.01B
See more insights into CURA stock on TipRanks’ Stock Analysis page.