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Curaleaf Falls 13% on Mixed Q1 Results

TheMotleyFool

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Curaleaf Holdings (OTC: CURLF) posted its first quarter fiscal 2020 figures after market close on Monday, and the following day the market expressed its displeasure about the results.

For the quarter, the marijuana company's total revenue came in at $96.5 million, up 28% from the fourth quarter of 2019 figure, and 174% higher than the same period a year ago. Curaleaf posted a net loss of just over $15 million ($0.03 per share), against the previous quarter's $26.6 million deficit, and the $10.2 million shortfall of the first quarter of 2019.

Image source: Getty Images.

Source Fool.com

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