Curaleaf Announces Growth and Global Expansion

Curaleaf Holdings (TSE:CURA) has released an update.

Curaleaf Holdings reported modest growth in the second quarter of 2024 with a 2% increase in revenue to $342 million and an improved adjusted gross margin of 48%. The company’s international revenue saw a significant rise of 78%, reflecting its expansion and strategic shift towards becoming a multi-country operator with a focus on global consumer trust. Curaleaf’s new venture, The Hemp Company, marks its entry into hemp-derived THC products, aiming to extend its consumer reach.

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