Curaleaf (CURLF) announced the introduction of its cannabis products to several new markets around the country…
Today, marijuana producer CURLF announced the company would expand its Select Brand to four more states between now and August. The states include Maine, Massachusetts, Florida, and Ohio.
The company said in a press release that will make its line of broad-spectrum cannabis oil cartridges and gummies available in Maine starting July 1. The week after that, the company will distribute these products throughout Massachusetts. Curaleaf’s products will reach Florida and Ohio – which allow for medical use of cannabis – in mid-August.
CURLF’s Select Brand marijuana products are already available for medical and recreational use in nine states, including Colorado, Michigan, and Maryland. The company also recently debuted in Connecticut in mid-June.
And today’s announcement highlights the next steps in the company’s market expansion plan and its path to profitability.
Moving into some markets that have yet to legalize recreational marijuana gives CURLF the power and capability to easily scale up product availability when the drug is OK’d in those locations. It also sets the company up to grow and profit from four marijuana markets that data from German data statistics company Statista’s estimates say are worth a combined size of more than $1.6 billion.
As Stansberry’s Cannabis Capitalist editor Thomas Carroll wrote in a note to Stansberry’s NewsWire: “Brand expansion across all markets is their goal.” Investors can expect moves like this from a high-caliber company like CURLF, Carroll said.