Curaleaf Holdings Inc. (CURLF)

[happyglass]

I am out of Cura and all the big MSOs right now all but cc. Not because of Ukraine or because of their teams. I am out because I see the same stuff happening with these companies that happened in Canada. A few big names get all the hype. Yes they are making sales for sure. The burden of the tax structure and the fed’s stupid policies are a drag on the whole sector. The big to do about building grows to fulfill these silly interstate rules makes the first movers spend an enormous amount on assets that will be liabilities as soon as interstate opens up. I think the majority of this commodity will be imported or at least cropped in fields as inputs for next wave of products. That coupled with the books having crazy amounts of “goodwill” just like the Canadian side. There will be a very robust industry in cannabis but it is an ingredient. The bud grown lovingly by master growers will always command a premium. The rest will be ingredients for CPG products that will be used by people who do not even know they like cannabis yet. They will not ever roll a joint or pack a bong. They will discover it in a discrete format like a drink or a vape. I think the guys who rushed into this next great idea will have a lot of competition from companies that have taken a more strategic approach rather than casting a wide net and hoping to catch something. Jmho