Cannabist Company Holdings ( (TSE:CBST) ) just unveiled an announcement.
The Cannabist Company reported a challenging financial performance for the fourth quarter and full year of 2024, with a decline in revenue and net income. Despite these results, the company is undergoing a transformation, implementing structural changes, and extending debt maturities to focus on optimizing operations and reducing costs. The company aims to simplify its business and improve financial performance in 2025, with plans to expand in Delaware, Virginia, and Ohio.
More about Cannabist Company Holdings
The Cannabist Company Holdings Inc. is a prominent player in the U.S. cannabis industry, focusing on the cultivation, manufacturing, and retailing of cannabis products. The company is involved in optimizing its retail and cultivation assets and is capitalizing on the adult-use cannabis market, particularly in Ohio.
YTD Price Performance: -27.14%
Average Trading Volume: 971,860
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $158.5M
See more insights into CBST stock on TipRanks’ Stock Analysis page.