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Cronos Australia Ltd. ( (AU:VIT) ) has issued an update.
Vitura Health Limited reported a 4.5% increase in revenue for H1 FY2025, reaching $62.7 million, despite facing industry-wide price compression in the medicinal cannabis market. The company’s strategic acquisitions and the growth of its telehealth business are key components of its strategy reset program, which aims to enhance operational efficiency and expand patient access, although net profit after tax declined due to acquisition costs and market challenges.
More about Cronos Australia Ltd.
Vitura Health Limited is a leading digital health business specializing in the sale and distribution of medicinal cannabis and digital medical consultation services. The company focuses on expanding its market share through strategic acquisitions and partnerships, including its telehealth service, Doctors on Demand, which has shown significant growth.
YTD Price Performance: 20.73%
Average Trading Volume: 417,791
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$64.99M
Learn more about VIT stock on TipRanks’ Stock Analysis page.