Curaleaf's Medium-Term Growth Should Benefit From Its European Investments and US Market Expansions

Curaleaf cultivates and sells cannabis in the US with a presence in 17 states. Vertically integrated, Curaleaf produces through 21 cultivation sites and sells directly through 147 dispensaries and wholesale to other dispensaries. Compared with other multistate operators, Curaleaf has generally employed a more aggressive growth strategy, which hasn't always paid off, leading to exits and sales.