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One of the largest US multi-state cannabis operators, growing, processing and retailing cannabis products across many US states.
One of the largest US multi-state cannabis operators, growing, processing and retailing cannabis products across many US states.
Sells through its own dispensaries, where it keeps the retail margin, and wholesales what it grows to other stores, state by state under separate licences. Rules and tax treatment differ by state, so results depend on each market's licence count and pricing.
In one line: A leading US cannabis MSO (multi-state operator).
Moat: narrow (scale, brand, regulatory licence). State cannabis licences and multi-state cultivation/retail scale are barriers, though the market remains fragmented and competitive.
Headquarters: Wakefield, Massachusetts, US · Founded: 2010 · Employees: 5,554
Size Curaleaf (CURA.TO) is a Canada Consumer Staples company (Agricultural Commodities/Milling) with a market value of $2.50B, the 171st largest of 420 Canada companies the cockpit tracks. Shares closed at C$13.23 on 6 Nov 2026.
Performance Over six months the shares fell 17.7%, against -6.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +8.0%); the operating margin is 0.8% (peer median 5.0%).
Valuation It trades at 2.6× enterprise value to sales against a peer median of 1.2× (4th most expensive of 21).
Capital Return on invested capital runs 9.4 points below its cost of capital (9.8% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.87B | C$1.77B | C$1.83B | C$1.82B | C$1.66B |
| Revenue growth | — | -3% | +1% | +9% | — |
| Gross profit | C$722M | C$684M | C$642M | C$645M | C$668M |
| EBITDA | C$315M | C$337M | C$374M | C$344M | C$300M |
| Net income | -C$30.1M | -C$382M | -C$326M | -C$380M | -C$482M |
| Free cash flow | C$67.0M | C$104M | C$97.5M | C$13.2M | -C$115M |
| Capital expenditure | C$96.9M | C$90.3M | C$133M | C$94.9M | C$175M |
| Total debt | C$1.61B | C$1.42B | C$1.53B | C$1.45B | C$1.55B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Curaleaf CURA.TO | $2.50B | -18% | +5% | 1% | 2.6× | n/a |
| Trulieve Cannabis TRLV | $2.23B | +31% | -4% | 14% | 2.2× | 13.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CURA.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | -0.5% | 8th lowest of 21 |
| 6-month return | -17.7% | -6.4% | 9th lowest of 21 |
| Distance from 52-week high | -36.8% | -23.0% | 7th lowest of 21 |
| Revenue growth (TTM) | +5.0% | +8.0% | 9th lowest of 21 |
| Operating margin | 0.8% | 5.0% | 5th lowest of 21 |
| EV / Sales | 2.6× | 1.2× | 4th most expensive of 21 |
| ROIC minus cost of capital | -9.4 pp | -0.0 pp | 2nd lowest of 21 |
| EV / EBITDA | 15.8× | 7.7× | 2nd most expensive of 14 |
| Net debt / EBITDA | 4.6× | 0.9× | 3rd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | 2.6× | n/a | n/a |
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 0.8× | 0.9% | +16.2% |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | 3.4× | n/a | n/a |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 0.4× | -13.7% | +11.6% |
| AWL Agri Business AWL.NS | India | $2.30B | -21% | +18% | 2% | 0.4× | 13.4% | +15.0% |
| B.F BFG.MI | Italy | $2.29B | +56% | +30% | -2% | 1.6× | n/a | n/a |
| Trulieve Cannabis TRLV | United States | $2.23B | +31% | -4% | 14% | 2.2× | 13.5% | +17.8% |
| Guangxi Yuegui Guangye 000833.SZ | China | $2.19B | -46% | +67% | 30% | 3.0× | 2.1% | -0.9% |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 0.7× | -3.3% | +9.9% |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 1.1× | 4.0% | +16.8% |
| Lien Hwa Industrial 1229.TW | Taiwan | $2.12B | -6% | -3% | 9% | 8.3× | 21.5% | +7.3% |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | 0.9× | n/a | n/a |
| Genus GNS.L | United Kingdom | $2.07B | +5% | -2% | 13% | 2.4× | 17.9% | +2.8% |
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 1.1× | -7.7% | +4.4% |
| First Resources Ltd. (Singapore) EB5.SI | Singapore | $3.27B | -26% | +51% | 30% | 2.1× | -7.1% | +19.0% |
| Fujian Sunner Development 002299.SZ | China | $3.28B | -7% | +13% | 5% | 1.3× | -1.0% | +7.9% |
| Bumitama Agri P8Z.SI | Singapore | $1.87B | -25% | +9% | 25% | 1.5× | -15.2% | +12.9% |
| Beijing Dbn Technology 002385.SZ | China | $1.86B | -23% | -1% | -6% | 0.9× | n/a | n/a |
| Seaboard SEB | United States | $3.38B | -22% | +7% | 3% | 0.4× | n/a | n/a |
| Godrej Industries GODREJIND.NS | India | $3.41B | -22% | +17% | 8% | 1.4× | n/a | n/a |
| Nichirei 2871.T | Japan | $3.42B | +13% | +10% | 5% | 0.8× | 2.4% | +4.6% |