RE:RE:If the share price goes up 50 cents Outlook for Full Year 2019
For the full year 2019, Curaleaf estimates revenue of $400 million enterprise wide, including revenue generated by the non-profits, and free cash flow of $100 million. The Company anticipates completing two acquisitions in the fourth quarter of 2018 in Maryland and Massachusetts. At the end of 2018, Curaleaf anticipates at least 40 operational stores.
The guidance for fiscal 2019 are based on a number of assumptions, including:
- The successful execution and implementation of a business strategy that allows the Company to increase its footprint to at least 67 retail stores by the end of 2019.
- Increase same store sales at existing retail dispensaries.
- Expansion of current cultivation and manufacturing capacity.
- Receiving the appropriate regulatory approvals that allow the Company to enter at least two additional states.
- Continued forward momentum of the regulatory landscape in the United States.
- The absence of a significant shift in economic conditions or material changes in the retail competitive environment.
Read more at https://www.stockhouse.com/news/press-releases/2018/11/26/curaleaf-reports-third-quarter-2018-financial-and-operational-results#OTw2Vt5yRaQPfsX7.99