tiprankstipranks
Ayurcann Reports Soaring Q3 Revenue Growth
Company Announcements

Ayurcann Reports Soaring Q3 Revenue Growth

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

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAyurcann Disputes Business Combination Termination
TipRanks Canadian Auto-Generated NewsdeskAyurcann’s Strategic Merger Bolsters Market Position
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App