While the world still fights the coronavirus, the pandemic-induced marijuana boom is taking the industry to great heights. Cannabis was deemed an “essential item” in the U.S. during the lockdown, which spiked sales. The momentum continues even this year, which is helping U.S. cannabis companies generate more revenue and profits.
Among them, Massachusetts-based Curaleaf Holdings (OTC:CURLF) and Florida-based Trulieve Cannabis (OTC:TCNNF) have the potential to be top contenders in the cannabis space. These two are smart with their growth strategies and have established themselves well in the U.S. cannabis market. Their recent first-quarter 2021 results are proof of that. Trulieve also grabbed a lot of attention in May after it announced its acquisition of Arizona-based cannabis company Harvest Health & Recreation (OTC:HRVSF) for a deal valued at $2.1 billion.
Let’s take a look at how 2021 is looking for these two pot companies and why I believe they have the potential to be millionaire makers.
Image source: Getty Images.
Curaleaf’s smart growth strategies are paving its road to success
Smart and timely acquisitions have been a driving factor in Curaleaf’s outstanding revenue growth. In its first quarter of 2021 (ended March 31), revenue came in at $260 million, up 170% year over year. The company saw a surge in both retail and wholesale revenue. But a 231% boost in retail revenue to $188 million was particularly impressive,…
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While the world still fights the coronavirus, the pandemic-induced marijuana boom is taking the industry to great heights. Cannabis was deemed an “essential item” in the U.S. during the lockdown, which spiked sales. The momentum continues even this year, which is helping U.S. cannabis companies generate more revenue and profits.
Among them, Massachusetts-based Curaleaf Holdings (OTC:CURLF) and Florida-based Trulieve Cannabis (OTC:TCNNF) have the potential to be top contenders in the cannabis space. These two are smart with their growth strategies and have established themselves well in the U.S. cannabis market. Their recent first-quarter 2021 results are proof of that. Trulieve also grabbed a lot of attention in May after it announced its acquisition of Arizona-based cannabis company Harvest Health & Recreation (OTC:HRVSF) for a deal valued at $2.1 billion.
Let’s take a look at how 2021 is looking for these two pot companies and why I believe they have the potential to be millionaire makers.
Image source: Getty Images.
Curaleaf’s smart growth strategies are paving its road to success
Smart and timely acquisitions have been a driving factor in Curaleaf’s outstanding revenue growth. In its first quarter of 2021 (ended March 31), revenue came in at $260 million, up 170% year over year. The company saw a surge in both retail and wholesale revenue. But a 231% boost in retail revenue to $188 million was particularly impressive,…