Curaleaf And Trulieve’s Q2 Earnings: When Are The Cannabis Giants Reporting? – Curaleaf Holdings (OTC:CURLF … – Benzinga

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Cannabis industry heavyweights Curaleaf Holdings, Inc. CURLF and Trulieve Cannabis Corp. TCNNF are set to release their second-quarter 2024 financial results in early August. With both companies showing promising growth and strategic expansions in Q1, investors and industry analysts are keenly awaiting the upcoming reports.

Curaleaf Holding Q1 2024 Recap

Curaleaf reported a Q1 2024 revenue of $339 million, marking a 2% increase year-over-year. The company’s adjusted gross margin improved to 48%, reflecting effective cost management and operational efficiencies. Despite these gains, Curaleaf posted a net loss of $48.3 million, underscoring the significant investments and expansion costs that affect short-term profitability. CEO Matt Darin emphasized the company’s global ambitions, citing legislative changes in key markets such as New York, Germany, and various U.S. states as critical growth catalysts.

Key developments in Q1 included the launch of innovative products like the Stir by Zero Proof THC beverage in Illinois and the Stiq vape product in Arizona. Additionally, the acquisition of Northern Green Canada (NGC) marked a strategic move to enhance Curaleaf’s market presence. The company ended the quarter with $105 million in cash and generated $46 million in operating cash flow and $33 million in free cash flow.

Curaleaf’s Q2 2024 Earnings Date

Curaleaf will announce

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