Last week, the newly public Curaleaf Holdings (NASDAQOTH:CURLF) announced that, between Dec. 12, 2018, and Dec. 12, 2019, it plans to commence share repurchases totaling as much as $50 million (those are U.S. dollars), albeit the timing and amount of shares to be repurchased will depend on market conditions and other variables. In terms of nominal value, $50 million in repurchases at today's market cap would reduce Curaleaf's share count by about 2%. This means it's unlikely to have a major impact on its earnings per share or share price. But it's the mere fact that Curaleaf isn't seeking to destroy shareholder value through a dilutive offering that's noteworthy.
Say What? A Marijuana Stock Buying Back Its Shares
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