Marijuana Extraction Company Ayurcann Reports Record Gross Revenue For Fiscal Year 2024
Canadian cannabis company Ayurcann Holdings Corp. (CSE:AYUR) (OTCQB:AYURF) reported its financial results Monday for the fiscal year ended June 30, 2024. The company specializing in cannabis 2.0 and 3.0 products disclosed record gross revenue of CA$45.27 million ($32.6 million), representing 100% year-over-year increase.
“As the cannabis industry continues to mature in Canada, we are thrilled to witness the steady growth of our revenues across the country,” stated Igal Sudman, CEO of Ayurcann. “Despite the challenges posed by an increasingly competitive environment and retail price compression, Ayurcann’s business-to-consumer focus has enabled us to expand our market share in multiple provinces. With over 70% penetration in dispensaries and a diverse range of 80 products across vape, concentrate, and flower categories, …