Marijuana retailer Curaleaf revenue rises 288%, misses analyst expectations


Curaleaf Holdings Inc. CURLF, -8.15% reported weaker-than-expected revenue and losses that met analyst expectations. The U.S. cannabis company logged first-quarter net losses attributable to Curaleaf of $10.2 million, or 2 cents a share, compared with losses of $2.3 million, or a penny a share, in the year-ago period. Revenue rose to $35.3 million from $9.1 million in the year-ago period. The company reported managed revenue, which the company defines as including revenue from entities that Curaleaf has management contracts, rose sequentially to $40.7 million from $34.9 million in the fourth quarter. The three analysts polled by FactSet estimated first-quarter losses of 2 cents a share and four analysts polled by FactSet modeled revenue of $37.5 million. For the second quarter, analysts model losses of a penny a share on revenue of $62.3 million. Curaleaf

Ga naar Bron