International Segment Growth
The International segment impressed with a solid quarter, achieving 17% sequential growth and 62% year-over-year growth, driven by strong demand in Germany and the U.K.
Product Innovation and Expansion
Curaleaf launched several new products, including ACE (Aqueous Cannabis Extraction oil) and Anthem pre-rolls, which are showing strong performance. Anthem is the fastest-growing pre-roll brand in New York.
Record Growth in German Market
Germany saw a fourfold increase in imported cannabis flower, with Curaleaf benefiting from robust patient growth post-CanG Act.
Expansion into New Markets
Curaleaf received a license to enter the Turkish market, offering a first-mover advantage in the nascent medical cannabis market. They also achieved EU medical device registration for a cannabis inhalation device.