Tuesday, October 28, 2025

Curaleaf: Canaccord Reiterates $22 Price Target Following Secured Note Issuance

On December 16th, Curaleaf Holdings (CSE: CURA)  announced the closing of US$425 million 8% senior secured notes due 2026. Curaleaf said that the proceeds will be used to refinance existing debt, working capital, and to pay transaction fees and expenses.

Then on December 21, Curaleaf announced that they closed an additional US$50 million worth of their 8% senior secured debt due 2026, bringing the total raised to US$475 million.

Curaleaf currently has 15 analysts covering the stock with an average 12-month price target of C$24.80, or a 117% upside to the current stock price. Out of the 15 analysts, 5 have strong buy ratings, 9 have buy ratings and 1 analyst has a hold rating on Curaleaf. The street high sits at C$31 from Stifel-GMP while the lowest sits at C$20.

In Canaccord’s note, they reiterate their C$22 12-month price target and buy rating saying that the majority of the cash raised will go towards its US$342 million >12% debt, while the excess will allow the company to help execute its growth initiatives in its existing markets where it has a leading presence and will help fuel growth in upcoming adult-use markets.

Lastly, Canaccord says that the softer third quarter 2021 print leads to them believing that the company will meet the lower end of its revenue guidance of US$1.2 – US$1.3 billion for the year, and believes that the third-quarter margin headwinds to be transient and not be an issue in the fourth quarter.

Below you can see Canaccord’s forecasts.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

Is Curaleaf Caught in the Russian Blast Crater?

As if Curaleaf (CSE: CURA) didn’t already have enough problems. US Treasury sanctions against Russian...

Thursday, March 3, 2022, 01:30:00 PM

Fortuna Silver: Q2 Production Gold Production Comes Up Short On BMO Estimates

Fortuna Silver Mines Inc. (TSX: FVI) yesterday reported its second-quarter production results. The company announced...

Tuesday, July 12, 2022, 12:36:00 PM

Alphabet: Analyst Consensus Points To Q2 Revenues Of $69.95 Billion

Alphabet (NASDAQ: GOOGL) will be reporting its second quarter financial results on July 26th after...

Monday, July 25, 2022, 03:03:00 PM

Curaleaf Holdings To Raise US$425 Million Via Secured Notes

Curaleaf Holdings (CSE: CURA) evidently is looking to access the debt markets despite weakness in...

Tuesday, December 14, 2021, 08:57:09 AM

Magna International: BMO Expects The Worst To Be Over

Last week, Magna International (TSX: MG) reported its third quarter financial results. The company reported...

Monday, November 15, 2021, 04:02:00 PM