Ayurcann Holdings Corp. (TSE:AYUR) has released an update.
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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.
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