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Curaleaf

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business2 years ago•29 min saved

Mixed Q3 Results for Cannabis Giants: Curaleaf, Canopy Growth, Ascend, Green Thumb, and Trulieve

Curaleaf Holdings, a leading provider of cannabis consumer products, reported its financial and operating results for the third quarter of 2023. The company achieved a revenue of $333 million, representing a 2% increase year-over-year, and an adjusted EBITDA of $75 million. Curaleaf reduced its inventory by $18 million, ending the quarter with $118 million in cash. The company is optimistic about its future prospects, with upcoming state and regulatory catalysts, a proposed uplisting to the Toronto Stock Exchange, and a strong presence in Europe.

via Curaleaf Holdings, Inc. Investor Relations|

#adjusted-ebitda #business #cannabis

business2 years ago•0 min saved

Germany's Cannabis Legalization: A Windfall for Curaleaf and a Game Changer for Europe

Cannabis company Curaleaf is targeting a potential windfall in Germany as it expands its operations in the country. The company, one of the largest cannabis operators in the US, is looking to tap into the growing medical cannabis market in Germany, which is expected to reach €7.7 billion ($9.2 billion) by 2028. Curaleaf plans to establish a presence in Germany through acquisitions and partnerships, aiming to capitalize on the country's favorable regulatory environment for medical cannabis.

via Financial Times|

#business #cannabis #curaleaf

cannabis2 years ago•0 min saved

Curaleaf allowed to resume recreational marijuana sales in NJ

New Jersey's largest legal cannabis company, Curaleaf, has been allowed to continue selling recreational weed after the state made an abrupt reversal of its earlier decision to deny the company. The decision came after Curaleaf organized a protest outside the state Cannabis Regulatory Commission's office in Trenton. However, the company will have to comply with certain conditions.

via NJ.com|

#cannabis #cannabis-regulatory-commission #curaleaf