Curaleaf Holdings, Inc. (OTC: CURLF) reported its third-quarter financial results Tuesday, revealing a total revenue of $317.13 million, up by 74% year-over-year from $182.41 million and a 69% year-over-year improvement in adjusted EBITDA, which came in positive at $71 million.
Boris Jordan, the company’s executive chairman, said Monday that despite facing “some transient headwinds,” Curaleaf “continued to execute well against our strategic initiatives, prioritizing growth and gaining market share.
“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%,” Jordan highlighted.
In addition, the company’s management also called for full-year EBITDA margins of 25% compared to 30% before.
In his latest note issued Monday, Cantor Fitzgerald’s analyst Pablo Zuanic estimated that …