Ayurcann Holdings Corp. (TSE:AYUR) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Ayurcann Holdings Corp., a leader in Canadian cannabis extraction, has reported a significant surge with a 97% increase in gross revenue, reaching $11,655,360 for Q3 2024, and a 150% increase for the nine-month period, totaling $34,186,524. The company also highlighted a robust gross margin of 37% and a substantial improvement in adjusted EBITDA. Capitalizing on operational expertise, Ayurcann has expanded its market share by securing 24 new product SKUs across Canada and successfully launching sales in Newfoundland and Yukon.
For further insights into TSE:AYUR stock, check out TipRanks’ Stock Analysis page.