Cannabis Mogul Boris Jordan To Take The Reins At Marijuana Giant Curaleaf
Portfolio Pulse from Jelena Martinovic
Curaleaf Holdings, Inc. has appointed Boris Jordan as the new CEO, effective August 16, 2024. Jordan, who has been the executive chairman since 2015, will replace Matt Darin, who will retire but stay on as a special advisor through year-end. The announcement coincided with Curaleaf's quarterly earnings report, which showed a 2% year-over-year revenue growth to $342 million and an adjusted EBITDA of $73 million. Curaleaf's shares traded 0.63% higher at $3.21 per share following the news.
August 08, 2024 | 3:09 pm
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Curaleaf Holdings, Inc. has appointed Boris Jordan as the new CEO, effective August 16, 2024. The announcement coincided with the company's quarterly earnings report, which showed a 2% year-over-year revenue growth to $342 million and an adjusted EBITDA of $73 million. Curaleaf's shares traded 0.63% higher at $3.21 per share following the news.
The appointment of Boris Jordan as CEO is a significant leadership change that could positively impact Curaleaf's strategic direction and operational efficiency. The concurrent positive earnings report further supports a short-term positive impact on the stock price.
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