Heritage Cannabis Holdings (TSE:CANN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Heritage Cannabis Holdings Corp. reported a significant increase in financial performance for Q4 2023, with a 628% gross margin growth in the quarter and over 50% for the year. The company saw strong demand for its products, particularly its new RAD vape line and Adults Only brand, contributing to a 6% rise in concentrate revenues. Heritage’s U.S. expansion is also showing promise, with over $3.5 million in sales across its established markets.
For further insights into TSE:CANN stock, check out TipRanks’ Stock Analysis page.
