StateHouse Holdings (TSE:STHZ) has released an update.
StateHouse Holdings, a vertically integrated cannabis company, has reported a strong first quarter for 2024 with a notable gross margin of 46.5% and an increase in cultivation output and market share, which positions them as the fourth largest cannabis brand operator in California. Despite a slight dip in overall net revenue year-on-year, the company saw improvements in gross profits and adjusted EBITDA, reflecting effective cost reduction strategies and growth in their branded wholesale manufacturing revenues.
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