Curaleaf Posts $48.9M Loss In Q2: What It Means For Your Cannabis Investments
Curaleaf Holdings, Inc. (OTC: CURLF) announced a second-quarter revenue of $342 million, reflecting a 2% increase from the previous year.
Key Financial Indicators
Net Loss: Curaleaf experienced a net loss of $48.9 million for the quarter, marking a per-share loss of $0.06.
Gross Profits and Margins: The company’s adjusted gross profit was $163.1 million with an improved adjusted gross margin of 48%.
Adjusted EBITDA: The adjusted EBITDA stood at $73 million with a margin of 21%.
Cash at quarter end: $89.4 million.
Operating and free cash flow from continuing operations of $30.2 million and $6.0 million, respectively.
Boris Jordan, executive chairman of …