C3 Industries CEO Ankur Rungta Says Weakness In Consumer Was Not Baked Into A Lot Of Planning For This Year; Says Trying To Grow Even In The Current Moment, Looking At How To Generate Same Store Sales Growth And Profitability Growth, Have To Be Trying To Make Existing Portfolio Grow Over Time
Portfolio Pulse from Benzinga Newsdesk
C3 Industries CEO Ankur Rungta highlights that consumer weakness was not anticipated in this year's planning. The company is focusing on growth strategies, including same-store sales and profitability, to enhance its existing portfolio.
October 09, 2024 | 6:17 pm
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NEUTRAL IMPACT
C3 Industries' focus on growth despite consumer weakness could impact MSOS, an ETF that includes cannabis companies like C3 Industries. The emphasis on same-store sales and profitability may influence MSOS's performance.
C3 Industries is part of the cannabis sector, which is represented in the MSOS ETF. The company's strategies to counteract consumer weakness and focus on growth could affect the ETF's performance. However, the direct impact is uncertain, leading to a neutral score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50