StateHouse Holdings (TSE:STHZ) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into TSE:STHZ stock, check out TipRanks’ Stock Analysis page.