Curaleaf's Boris Jordan: No Capital Raises Planned, Company Has $50M In Revolving Credit
Portfolio Pulse from Maureen Meehan
Curaleaf Holdings Inc. reported a positive Q2 with revenue at $339 million, a 4% YoY growth. The company ended the quarter with $85 million in cash and generated $37 million in year-to-date cash flow from continuing operations. Despite price pressure and gross margin erosion, particularly in Florida, the company has no plans for large capital raises as it still has a $50 million revolving credit facility available.
August 11, 2023 | 7:59 pm
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Curaleaf reported a positive Q2 with a 4% YoY growth, meeting street expectations. Despite price pressure, the company has no plans for large capital raises, indicating a strong financial position.
Curaleaf's positive Q2 results and strong financial position, with no plans for large capital raises, indicate a stable outlook for the company. However, ongoing price pressure and gross margin erosion, particularly in Florida, may pose challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100