Curaleaf Reports Q1 2024 Revenue Of $339M, 48% Gross Margin Amid Strategic Global Expansion
Curaleaf Holdings, Inc. (OTC: CURLF), a leading international cannabis company, reported its financial results for the first quarter of 2024. Curaleaf’s CEO, Matt Darin, highlighted the company’s focus on expanding its brand globally, leveraging significant market catalysts such as legislative changes in key regions like New York, Germany and several U.S. states.
Financial Performance
Curaleaf announced a first-quarter revenue of $339 million, reflecting a 2% increase year-over-year.
The adjusted gross margin rose to 48%, showcasing efficient cost management and operational improvements.
The company’s Adjusted EBITDA stood at $77 million, representing 23% of the revenue. This figure …