Marijuana Extraction Company Ayurcann Reports 127.7% YoY Revenue Growth For The Third Quarter
Portfolio Pulse from Nina Zdinjak
Ayurcann Holdings Corp. reported a 127.7% YoY revenue growth for Q3, with net revenue of CA$6.49 million. The company also saw a significant improvement in gross revenue, net loss, and adjusted EBITDA. Shares closed 1.21% higher at $0.03 per share.
May 28, 2024 | 12:37 pm
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Ayurcann Holdings Corp. reported a 127.7% YoY revenue growth for Q3, with net revenue of CA$6.49 million. The company also saw a significant improvement in gross revenue, net loss, and adjusted EBITDA. Shares closed 1.21% higher at $0.03 per share.
The significant YoY revenue growth and improvements in financial metrics such as gross revenue, net loss, and adjusted EBITDA are positive indicators for the company's financial health. This is likely to have a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100