Curaleaf stock price forecast is benefiting from

Curaleaf stock price forecast is benefiting from better-than-expected retail sales reports, with December data showing a 5% month-on-month increase in cannabis product demand. Short-term projections maintain a $5.00 resistance as a key technical hurdle. As I argued last month, numerous factors could cause a pullback for CURLF stock. High debt, for one. Valuation is another. CURLF’s stock price has been largely unchanged since I last wrote about it, and the company continues to trade at a premium to peers on an enterprise value-to-EBITDA (EV/EBITDA) basis. Yes, these factors may not matter much a few months from now if regulatory and political changes lead to another cannabis stock boom. Curaleaf Holdings, Inc. ( OTCMKTS:CURLF - Get Free Report )'s share price traded up 8.2% during mid-day trading on Monday . The stock traded as high as $1.62 and last traded at $1.54. 119,050 shares were traded during mid-day trading, a decline of 81% from the average session volume of 630,615 shares. The stock had previously closed at $1.42. Short interest in Curaleaf stock price forecast has declined to 6.4%, alleviating bearish pressure and opening the door for upward swings on positive sector news.