Vireo Growth Inc. (VREOF) Q3 2024 Earnings Call Transcript Summary
Vireo Growth Inc. (VREOF) Q3 2024 Earnings Call Transcript Summary
Total market sales in Maryland were reported to increase 8% year-over-year, with Vireo's retail and wholesale operations showing significant growths of 12% and 26%, respectively.The following is a summary of the Vireo Growth Inc. (VREOF) Q3 2024 Earnings Call Transcript:
以下是沃特世成長公司（VREOF）2024年第三季度業績會交易摘要：
Financial Performance:
財務表現：
Vireo Growth Inc. reported a Q3 revenue of $22.4 million, marking a 6.2% increase year-over-year, primarily driven by strong sales growth in Maryland.
Despite challenging year-over-year comparisons due to the anniversary of adult-use sales launch, same-store sales in Minnesota saw a growth of 3%.
Total market sales in Maryland were reported to increase 8% year-over-year, with Vireo's retail and wholesale operations showing significant growths of 12% and 26%, respectively.
沃特世成長公司報告第三季度營業收入爲2240萬美元，同比增長6.2％，主要受馬里蘭州銷售強勁增長驅動。
儘管由於成人用途銷售推出週年紀念日而面臨挑戰的同比對比，明尼蘇達州的同店銷售額增長了3％。
據報道，馬里蘭州的總市場銷售額同比增長了8％，沃特世的零售和批發業務分別顯示出12％和26％的顯着增長。
Business Progress:
業務進展：
Vireo Growth continues to execute its CREAM & Fire strategy focused on operational improvements and market expansion.
Advances in hemp-derived beverage and gummy products under Hi*AF and Boundary Waters brands enhance product offerings, seeding these adult-use brands in Minnesota.
Progress in relocating and upgrading retail facilities to support impending adult-use sales in Minnesota.
Continued improvements in harvest yields and flower quality, demonstrating enhanced operational efficiency and product quality.
沃特世成長公司繼續執行其專注於運營改善和市場擴張的CREAm & Fire策略。
在Hi*AF和Boundary Waters品牌的大麻衍生飲料和軟糖產品方面的進展增強了產品供應，促使這些成人用途品牌在明尼蘇達州發展。
在明尼蘇達州支持即將到來的成年人使用銷售，推進零售設施的搬遷和升級工作。
持續改善收成產量和花朵質量，展示了提高運營效率和產品質量。
Opportunities:
機會：
The upcoming introduction of adult-use sales in Minnesota presents a significant opportunity for market expansion and revenue growth.
Expansion of the distribution network for Hi*AF and Boundary Waters brands nationally indicates potential market growth.
明尼蘇達州即將推出成年人使用銷售，爲市場擴張和營業收入增長帶來重要機會。
在全國範圍擴大Hi*AF和Boundary Waters品牌的分銷網絡，顯示出潛在市場增長。
Risks:
風險：
Anticipated challenges in year-over-year financial performance as the company anniversaries the launch of adult-use sales in Maryland.
Delays in the divestiture process in New York may affect operational focus and financial flexibility.
隨着公司迎來馬里蘭州成年人使用銷售推出週年紀念，預計會面臨年度財務表現的挑戰。
紐約的剝離進程延遲可能會影響運營重點和財務靈活性。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。內容準確性無法完全保證。如需更全面詳情，請參閱IR網站。本文僅供投資者參考，不具有任何指導或推薦建議。
