Curaleaf 'On Track To Achieve $1.2 To $1.3B Annual Revenue Guidance,' Q3 Revenue Grows 74% YoY

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) reported its third-quarter earnings Tuesday with total revenue of $317.13 million, up by 74% year-over-year from $182.41 million. Retail revenue reached $225 million, representing 1% sequential growth and 66% year-over-year growth.

“While we faced some transient headwinds during the quarter, we continued to execute well against our strategic initiatives, prioritizing growth and gaining market share,” Boris Jordan, executive chairman of Curaleaf stated. “As a result, we remain on track to achieve our $1.2 to $1.3 billion annual revenue guidance, albeit at the lower end of the range, representing growth of over 90%. Strategic M&A remains a key pillar our growth plan. We closed the Los Sueños Farms acquisition in October, and today announced another highly strategic deal to acquire Tryke Companies, a vertically integrated MSO which bolsters our leadership position in Nevada, Arizona, and Utah and will be immediately …

Full story available on Benzinga.com

More Curaleaf 'On Track To Achieve $1.2 To $1.3B Annual Revenue Guidance,' Q3 Revenue Grows 74% YoY