Curaleaf And Trulieve's Q2 Earnings: When Are The Cannabis Giants Reporting?
Curaleaf And Trulieve's Q2 Earnings: When Are The Cannabis Giants Reporting?
Cannabis industry heavyweights Curaleaf Holdings, Inc. (OTC:CURLF) and Trulieve Cannabis Corp. (OTC:TCNNF) are set to release their second-quarter 2024 financial results in early August. With both companies showing promising growth and strategic expansions in Q1, investors and industry analysts are keenly awaiting the upcoming reports.
大麻行业巨头Curaleaf Holdings,Inc.(场外交易:CURLF)和Trulieve Cannabis Corp.(场外交易:TCNNF)将于8月初发布他们2024年第二季度财务报告。由于两家公司在Q1表现出有前途的增长和战略扩张,投资者和行业分析师广泛关注即将到来的报告。
Curaleaf Holding Q1 2024 Recap
Curaleaf Holding Q1 2024回顾
Curaleaf reported a Q1 2024 revenue of $339 million, marking a 2% increase year-over-year. The company's adjusted gross margin improved to 48%, reflecting effective cost management and operational efficiencies. Despite these gains, Curaleaf posted a net loss of $48.3 million, underscoring the significant investments and expansion costs that affect short-term profitability. CEO Matt Darin emphasized the company's global ambitions, citing legislative changes in key markets such as New York, Germany, and various U.S. states as critical growth catalysts.
Curaleaf报告2024年Q1营业收入为33900万美元,同比增长2%。公司的调整毛利率提高到48%,反映出有效的成本管理和运营效率。尽管取得了这些增益,但Curaleaf发布了4830万美元的净亏损,突显了影响短期盈利能力的重大投资和扩张成本。首席执行官Matt Darin强调了公司的全球雄心,引用了关键市场(如纽约,德国和美国各州等)的立法变化作为关键的增长催化剂。
Key developments in Q1 included the launch of innovative products like the Stir by Zero Proof THC beverage in Illinois and the Stiq vape product in Arizona. Additionally, the acquisition of Northern Green Canada (NGC) marked a strategic move to enhance Curaleaf's market presence. The company ended the quarter with $105 million in cash and generated $46 million in operating cash flow and $33 million in free cash flow.
Q1的关键发展包括在伊利诺伊州推出的Zero Proof THC饮料的Stir和在亚利桑那州的Stiq Vape产品等创新产品的推出。此外,收购Northern Green Canada(NGC)标志着加强Curaleaf的市场影响力的战略举措。公司以10500万美元的现金结束这一季度,并产生4600万美元的营业现金流和3300万美元的自由现金流。
Curaleaf's Q2 2024 Earnings Date
Curaleaf的2024年Q2财报公布日期
Curaleaf will announce its Q2 2024 results on August 7, 2024, after market close. A conference call and webcast will follow at 5:00 p.m. ET, where management will discuss operational and financial highlights. With the company's ongoing transformation from a multi-state operator (MSO) to a multi-country operator (MCO), expectations are high for continued progress in global markets.
Curaleaf将于2024年8月7日闭市后公布其Q2 2024的结果。随后将举行电话会议和网络研讨会,其中管理层将讨论运营和财务亮点。随着该公司从多州运营商(MSO)向多国运营商(MCO)的持续转型,人们对全球市场的持续发展充满期望。
Trulieve Cannabis Corp. Q1 2024 Recap
Trulieve Cannabis Corp. Q1 2024回顾
Trulieve reported Q1 2024 revenue of $298 million, a 4% increase both sequentially and year-over-year, with 96% of revenue derived from retail sales. CEO Kim Rivers highlighted the company's robust performance and bright outlook, driven by significant improvements in production and retail operations. Notably, Rivers shared the stage with The Bellamy Brothers at the Benzinga Cannabis Capital Conference, underscoring Trulieve's active role in the advocacy for recreational cannabis legalization in Florida.
Trulieve报告2024年Q1的营业收入为29800万美元,同比按月和年增加了4%,其中96%的收入来自零售销售。首席执行官Kim Rivers强调了公司的强劲表现和光明前景,原因是生产和零售业务的显着改进。值得注意的是,Rivers与Bellamy Brothers一起出席了Benzinga Cannabis Capital Conference,强调了Trulieve在倡导佛罗里达州娱乐性大麻合法化方面的积极作用。
Read Also: Cannabis In Florida: The Bellamy Brothers Tell Trulieve CEO 'We Rolled A Fat One' When Legalization Initiative Landed On November Ballot
阅读:佛罗里达州大麻:Bellamy Brothers告诉Trulieve首席执行官“我们滚了个胖的”当合法化倡议在11月投票时着陆
The company's financial highlights for Q1 included a gross profit of $174 million, up 16% year-over-year, and a gross margin of 58%. Operating expenses decreased to $128 million, resulting in a net loss of $23 million, which represents a substantial year-over-year reduction. Trulieve's adjusted EBITDA was positive at $106 million, supported by strong cash flow from operations amounting to $139 million and free cash flow of $124 million.
该公司Q1的财务亮点包括17400万美元的毛利润,同比增长16%,毛利率为58%。营业费用降至12800万美元,导致净亏损2300万美元,这代表了实质性的同比下降。Trulieve的调整后的EBITDA为10600万美元,得益于13900万美元的强劲营业现金流和12400万美元的自由现金流。
Trulieve's Q2 2024 Earnings Date
Trulieve的2024年Q2财报公布日期
Trulieve will release its Q2 2024 results on August 6, 2024, with a conference call scheduled for 8:30 AM ET. CEO Kim Rivers and CFO Wes Getman will review the financial and operating results, providing insights into the company's strategic initiatives and market expansion efforts.
Trulieve将于2024年8月6日发布其Q2 2024财报,预计将于东部时间上午8:30举行电话会议。首席执行官Kim Rivers和首席财务官Wes Getman将回顾财务和运营结果,提供有关公司战略举措和市场扩张努力的见解。
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