Avicanna (TSE:AVCN) has released an update.
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Avicanna Inc. reported a significant 75% increase in revenue for the first nine months of 2024, reaching $18.8 million, with improved gross margins of 57% in Q3. The company also achieved a notable reduction in adjusted EBITDA loss and fully repaid its outstanding debenture, indicating strong financial progress.
For further insights into TSE:AVCN stock, check out TipRanks’ Stock Analysis page.