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Curaleaf Posts $48.9M Loss In Q2: What It Means For Your Cannabis Investments

Curaleaf Holdings, Inc. (OTC: CURLF) announced a second-quarter revenue of $342 million, reflecting a 2% increase from the previous year. Key Financial Indicators Net Loss: Curaleaf experienced a net loss of $48.9 million for the quarter, marking a per-share loss of $0.06. Gross Profits and Margins: The company's adjusted gross profit was $163.1 million with an improved adjusted gross margin of 48%. Adjusted EBITDA: The adjusted EBITDA stood at $73 million with a margin of 21%. Cash at quarter end: $89.4 million. Operating and free cash flow from continuing operations of $30.2 million and $6.0 million, respectively. Read Also: Ayr Wellness Reports QoQ Drop In Q2 Revenue & Gross Profit But Plans To Make The Most Of Ohio Cannabis Sales Boris Jordan, executive chairman of ...