Curaleaf (CURLF)

Curaleaf has had a lot of good news as of recent. The CEO guides that they plan on earning $1B in revenue in 2020, based mainly on the acquisition of Select and Grassroots. Curaleaf also sold six cultivation, processing, and retailing buildings in 3 states to a real estate investment company. Curaleaf then will be leasing back the building to increase cash for other operations.

With the current stock price at $7.59 we see an entry position at $7.35, the green line. CURLF has moved continually upward and we see a target 1 at $7.75, the red line, and a target 2, the yellow line at $8 a share. With the guidance given from the CEO, Curaleaf could soon be the largest revenue cannabis company which makes the stock very attractive.

 

Tilray Inc (TLRY)

On 9/3 we saw some call buying flow in the options. When we see this, this is usually bullish and the stock reacted and was up 20%. While some of the calls expire on the 6th, the others are for 9/13 and in October which gives traders positive hope.

>>562 TLRY Sep 6th 27.5 Calls $0.702 (FT Theo=0.64)  MID  [MULTI] 11:27:29 IV=98.3% +33.1  OPENING  52WeekLow  Vega=$536  COWEN-13F  TLRY=26.91 Ref  Detail 

>>453 TLRY Oct 22.5 Calls $4.10 (FT Theo=3.93)  ASK  [ARCA] 10:26:59 IV=53.6% +2.6  52WeekLow Vega=$1129  COWEN-13F TLRY=25.97  Detail 

>>389 TLRY Sep 13th 31.0 Calls $0.429 (FT Theo=0.36)  ASK  [MULTI] 11:28:15 IV=88.0% +14.7  OPENING  52WeekLow  Vega=$500  COWEN-

Tilray also announced that its wholly-owned subsidiary Tilray Portugal has signed a definitive agreement with Esporao, in creating both indoor and outdoor cultivation with over 6,500 meters for manufacturing. It’s great for cannabis as well as the company for expanding into new markets through Europe. 

After yesterday we see that Tilray is still around. With the current stock price at $30/share, we see an entry to buy at $30. With continued positive trading and volume, we have target 1 at $31 and then continue to move to target 2 at $32. Tilray moved 20% on 9/3 and we see hope that with the positive news it can continue moving up.