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Curaleaf Holdings (OTC) (TSE:CURA)
:CURA
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Curaleaf Holdings (CURA) AI Stock Analysis

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TSE:CURA

Curaleaf Holdings

(OTC:CURA)

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Neutral 49 (OpenAI - 4o)
Rating:49Neutral
Price Target:
C$4.00
▼(-4.76% Downside)
Curaleaf Holdings' overall stock score is primarily impacted by its financial performance, which is weighed down by declining revenues and profitability issues. While technical indicators show some positive momentum, the valuation remains unattractive due to a negative P/E ratio. The earnings call provides a mixed outlook with international growth offset by domestic challenges.
Positive Factors
International Expansion
Strategic international expansion positions Curaleaf for significant growth by accessing new markets, diversifying revenue streams, and reducing reliance on the U.S. market.
Product Innovation
Successful product innovation enhances Curaleaf's competitive edge, driving future growth and strengthening its market position through diversified offerings.
Brand Leadership
Strong brand leadership in key product categories supports sustained market dominance and customer loyalty, contributing to long-term revenue stability.
Negative Factors
Domestic Revenue Pressure
Significant domestic revenue decline due to pricing pressures indicates challenges in maintaining market share and profitability in the competitive U.S. market.
Regulatory Uncertainty
Regulatory uncertainties in key markets like New York can disrupt operations and strategic plans, impacting long-term growth and compliance costs.
Negative Cash Flow
Negative cash flow growth highlights liquidity issues, limiting Curaleaf's ability to invest in growth opportunities and manage financial obligations effectively.

Curaleaf Holdings (CURA) vs. iShares MSCI Canada ETF (EWC)

Curaleaf Holdings Business Overview & Revenue Model

Company DescriptionCuraleaf Holdings, Inc. is a leading vertically integrated cannabis operator in the United States, focused on the production and sale of cannabis products for both medical and adult-use markets. The company operates cultivation, processing, and retail facilities across several states, offering a wide range of products including flower, edibles, tinctures, and topicals. Curaleaf is committed to providing high-quality cannabis products and enhancing the consumer experience through its multiple retail locations and e-commerce platforms.
How the Company Makes MoneyCuraleaf generates revenue primarily through the sale of cannabis products in its dispensaries. This includes a diverse product range comprising dried flower, pre-rolls, edibles, concentrates, and topicals, which cater to both medical and recreational consumers. The company's revenue model is supported by its vertically integrated operations, allowing it to control production costs and quality. Additionally, Curaleaf benefits from strategic partnerships and collaborations with other cannabis brands and companies, enhancing its product offerings and market presence. The company's expansion into new states and markets, along with its emphasis on compliance and regulatory adherence, also contribute significantly to its earnings.

Curaleaf Holdings Earnings Call Summary

Earnings Call Date:Aug 06, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong international growth and product innovation as key positive aspects. However, domestic revenue challenges, margin pressures, and regulatory uncertainties present significant challenges. The call reflects a balanced outlook with robust international performance countered by domestic and regulatory pressures.
Q2-2025 Updates
Positive Updates
International Segment Growth
Curaleaf's International segment reported a 17% sequential growth in revenue and a 62% year-over-year increase, driven by strong demand in Germany and the U.K.
Product Innovation Success
Curaleaf launched several new products, including the ACE and Anthem lines, which have received strong market reception and are expected to drive future growth.
Strategic International Expansion
Curaleaf completed the buyout of its minority partner in Curaleaf International and received a license to enter Turkey, positioning it for significant growth in new markets.
Improved Cultivation Practices
The company has made significant improvements in its cultivation practices, leading to high-quality flower production and improved genetics.
Strong R&D and Brand Leadership
Curaleaf continues to lead with its Select brand being the #1 vape brand in the U.S. and Grassroots being a top 3 flower brand.
Negative Updates
Domestic Revenue Pressure
Pricing pressure in key U.S. markets like Pennsylvania, New Jersey, and Illinois led to a 14% decline in domestic revenue compared to the previous year.
Adjusted Gross Margin Decrease
The adjusted gross margin decreased by 130 basis points from the first quarter due to higher promotional activity.
Net Loss from Continuing Operations
Curaleaf reported a net loss from continuing operations of $51 million or $0.07 per share for the second quarter.
Challenges in U.S. Market
The U.S. cannabis market faces challenges from hemp-derived products and illicit market pressures, affecting pricing and competition.
Regulatory Uncertainty in New York
Regulatory challenges in New York, including delays in the seed-to-sale program and issues with store compliance, are causing operational uncertainties.
Company Guidance
During the Curaleaf Holdings Second Quarter 2025 Conference Call, the company reported revenue of $315 million, reflecting a 1.5% increase from the first quarter, aligning with their guidance for low single-digit growth. The International segment was a highlight, showing a 17% sequential increase in revenue. Adjusted gross margin was reported at 49%, down by 130 basis points from the first quarter due to increased promotional activity. The company achieved $66 million in adjusted EBITDA, resulting in a 21% AEBITDA margin. Curaleaf's cash position stood at $102 million, after making $47 million in interest and principal debt payments, while generating $9 million in operating cash flow. The company also highlighted their strategic focus on product innovation and international expansion, including a notable presence in Germany and the receipt of a license to enter Turkey.

Curaleaf Holdings Financial Statement Overview

Summary
Curaleaf Holdings faces significant financial challenges, with declining revenues, negative profitability, and cash flow constraints. While the balance sheet shows moderate leverage, the company's inability to generate positive returns and cash flow is a major concern for its financial health.
Income Statement
45
Neutral
Curaleaf Holdings has experienced declining revenue growth with a negative trend in net profit margins, indicating challenges in maintaining profitability. The gross profit margin remains moderate, but EBIT and EBITDA margins have shown volatility, reflecting operational inefficiencies.
Balance Sheet
50
Neutral
The company has a balanced debt-to-equity ratio close to 1, suggesting moderate leverage. However, the negative return on equity indicates that the company is not generating sufficient returns on shareholders' equity, which is a concern for investors.
Cash Flow
40
Negative
Curaleaf's cash flow situation is concerning, with negative free cash flow growth and low operating cash flow coverage ratios. The free cash flow to net income ratio indicates that the company struggles to convert earnings into free cash flow, highlighting liquidity issues.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.29B1.34B1.35B1.34B1.21B626.64M
Gross Profit625.61M639.25M614.45M579.03M687.59M390.51M
EBITDA220.14M233.14M238.76M220.97M278.98M128.59M
Net Income-244.34M-215.42M-281.20M-376.93M-109.13M-61.33M
Balance Sheet
Total Assets2.92B2.95B3.10B3.41B3.11B2.39B
Cash, Cash Equivalents and Short-Term Investments102.27M93.03M91.82M163.18M299.33M73.54M
Total Debt843.02M853.82M883.55M931.91M652.40M577.71M
Total Liabilities1.98B1.96B1.93B2.01B1.44B1.01B
Stockholders Equity871.30M861.21M1.05B1.28B1.55B1.38B
Cash Flow
Free Cash Flow49.54M64.42M5.05M-91.96M-205.92M-113.92M
Operating Cash Flow136.37M162.57M75.26M46.40M-33.96M12.36M
Investing Cash Flow-87.48M-93.83M-78.69M-228.62M-163.97M-197.11M
Financing Cash Flow-37.76M-54.24M-67.02M50.54M424.80M224.08M

Curaleaf Holdings Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price4.20
Price Trends
50DMA
4.00
Positive
100DMA
2.89
Positive
200DMA
2.20
Positive
Market Momentum
MACD
0.02
Positive
RSI
49.22
Neutral
STOCH
28.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CURA, the sentiment is Neutral. The current price of 4.2 is below the 20-day moving average (MA) of 4.23, above the 50-day MA of 4.00, and above the 200-day MA of 2.20, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.22 is Neutral, neither overbought nor oversold. The STOCH value of 28.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CURA.

Curaleaf Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
C$1.31B50.591.73%31.72%
C$1.89B-12.60%4.92%-64.84%
$7.86B-0.30-43.30%2.27%22.53%-2.21%
C$393.48M-0.70%28.42%48.33%
C$3.02B-24.93%-2.64%1.65%
$750.73M-10.02%-5.65%73.45%
C$608.85M-98.42%-4.24%55.82%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:CURA
Curaleaf Holdings
4.00
-0.03
-0.74%
TSE:WEED
Canopy Growth
1.75
-4.64
-72.61%
TSE:ACB
Aurora Cannabis
6.92
-0.62
-8.22%
TSE:CRON
Cronos Group
3.43
0.49
16.67%
TSE:TRUL
Trulieve Cannabis
9.91
-6.09
-38.06%
TSE:CL
Cresco Labs
1.63
-0.41
-20.10%

Curaleaf Holdings Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Curaleaf Secures Landmark $100 Million Credit Facility in Cannabis Sector
Positive
Oct 14, 2025

Curaleaf Holdings, Inc. has expanded its revolving credit facility with Needham Bank from $40 million to $100 million, marking the largest facility of its kind in the U.S. cannabis sector. This move reflects increased confidence from institutional lenders and is expected to enhance Curaleaf’s financial flexibility, support its strategic growth initiatives, and contribute to the broader acceptance of cannabis businesses in capital markets.

The most recent analyst rating on (TSE:CURA) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.

Curaleaf Announces Executive Securities Disposition Plan
Oct 2, 2025

On October 1, 2025, Curaleaf Holdings announced that its Executive Vice Chairman, Joseph F. Lusardi, established an automatic securities disposition plan (ASDP) effective September 30, 2025. This plan allows for the orderly exercise of options expiring in March 2026 and the sale of subordinate voting shares to cover taxes. The ASDP is designed to comply with U.S. and Canadian securities laws, enabling insiders to sell shares without possessing material undisclosed information. The sales will be conducted by an independent broker, with restrictions on Mr. Lusardi’s influence over the process, and will be reported in accordance with securities laws.

The most recent analyst rating on (TSE:CURA) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.

Regulatory Filings and Compliance
Curaleaf Announces Executive Securities Disposition Plan
Neutral
Oct 1, 2025

Curaleaf Holdings announced the establishment of an automatic securities disposition plan (ASDP) by its Executive Vice Chairman, Joseph F. Lusardi, to facilitate the orderly exercise of options expiring in March 2026 and the sale of some subordinate voting shares to cover taxes. This plan, compliant with U.S. and Canadian securities laws, allows insiders to sell shares according to pre-arranged instructions, ensuring transparency and compliance. The ASDP will be executed by an independent broker, with sales commencing in January 2026, potentially impacting the company’s stock liquidity and insider trading transparency.

The most recent analyst rating on (TSE:CURA) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.

Financial Disclosures
Curaleaf to Announce Q3 2025 Financial Results
Neutral
Sep 25, 2025

Curaleaf Holdings announced it will release its third-quarter 2025 financial and operational results on November 5, 2025, after market close. The announcement will be followed by a conference call and audio webcast, providing insights into the company’s operational and financial highlights. This release is significant for stakeholders as it offers an opportunity to gauge Curaleaf’s performance and strategic direction in the evolving cannabis market.

The most recent analyst rating on (TSE:CURA) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.

Curaleaf Joins S&P/TSX Composite Index, Boosting Cannabis Industry Credibility
Sep 9, 2025

Curaleaf Holdings, Inc. announced its inclusion in the S&P/TSX Composite Index under the Health Care sector, effective September 22, 2025. This milestone positions Curaleaf as the first U.S.-based cannabis operator in the index, enhancing its visibility and credibility in North American capital markets. The inclusion is seen as a pivotal moment for the company and the broader cannabis industry, reflecting growing legitimacy and long-term potential. It also expands Curaleaf’s access to institutional investment and index-linked vehicles, supporting its ongoing development and potential regulatory advancements.

The most recent analyst rating on (TSE:CURA) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.

Business Operations and StrategyDelistings and Listing Changes
Curaleaf Joins S&P/TSX Composite Index, Boosting Market Visibility
Positive
Sep 8, 2025

Curaleaf Holdings, Inc. has been included in the S&P/TSX Composite Index under the Health Care sector, marking a significant milestone as the first U.S.-based cannabis operator to join this prestigious index. This inclusion enhances Curaleaf’s visibility and credibility in North American capital markets, potentially increasing its access to institutional investments and index-linked vehicles, thereby supporting its growth and development in the evolving cannabis industry.

The most recent analyst rating on (TSE:CURA) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.

Curaleaf Holdings’ Earnings Call: Growth Abroad, Challenges at Home
Aug 8, 2025

Curaleaf Holdings’ recent earnings call painted a picture of mixed sentiments. While the company celebrated significant growth in its international markets, driven by strategic investments and innovative product launches, it also faced domestic challenges. Revenue declines and pricing pressures in the U.S. were notable hurdles. Despite these issues, Curaleaf expressed optimism about future growth opportunities and potential regulatory reforms.

Curaleaf Holdings Reports Q2 2025 Results and Expansion
Aug 7, 2025

Curaleaf Holdings, Inc. is a leading international provider of consumer cannabis products, known for its quality and innovation, with operations spanning 17 U.S. states and 15 countries worldwide. In its second quarter of 2025, Curaleaf reported a total revenue of $315 million, marking a 1.5% increase from the previous quarter, and highlighted its expansion into Turkey’s medical cannabis market. The company achieved an adjusted gross margin of 49% and generated $66 million in adjusted EBITDA, reflecting a 21% margin, despite a year-over-year revenue decrease of 8%. Curaleaf’s international segment showed robust growth with a 62% increase in revenue compared to the previous year. The company also opened new retail locations and launched innovative products, further strengthening its market presence. Looking ahead, Curaleaf aims to capitalize on emerging opportunities by focusing on product quality and customer service, positioning itself for continued growth in the evolving cannabis industry.

Business Operations and StrategyFinancial Disclosures
Curaleaf Expands Internationally Amidst Strong Q2 2025 Performance
Positive
Aug 6, 2025

Curaleaf Holdings reported a second-quarter 2025 revenue of $315 million, with a notable 62% year-over-year growth in its international segment. The company was awarded a license to operate in Turkey, marking a significant expansion in its international operations. Despite a net loss, Curaleaf is focusing on strategic growth, including opening new retail locations, launching innovative products, and strengthening its leadership team to position itself for future industry growth.

The most recent analyst rating on (TSE:CURA) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Curaleaf Holdings stock, see the TSE:CURA Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 25, 2025