Curaleaf Reports Third Quarter 2024 Results
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Curaleaf Holdings reported a slight decrease in Q3 2024 revenue to $331 million, with a 49% adjusted gross margin. International revenue saw a significant 82% increase year-over-year. The company secured a $40 million revolving credit facility at a 7.99% interest rate.
November 06, 2024 | 9:30 pm
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Curaleaf Holdings reported a slight decrease in Q3 2024 revenue to $331 million, with a 49% adjusted gross margin. International revenue saw a significant 82% increase year-over-year. The company secured a $40 million revolving credit facility at a 7.99% interest rate.
The slight decrease in overall revenue may concern investors, but the significant increase in international revenue is a positive sign. The secured credit facility provides financial flexibility, but the interest rate is relatively high. Overall, the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100