Curaleaf Revenue Rises Sharply in Q3; New CEO Named

Curaleaf (OTC: CURLF) became the latest publicly traded marijuana company to bring investors up to date with its recent performance. On Tuesday, the company published its third-quarter results, showing quite robust top-line growth, although there was an important caveat.

For the quarter, the company's total revenue was $182.4 million, a sturdy 55% improvement over the previous quarter, and 195% better than the same period of 2019. The net loss, however, deepened against both the preceding quarter and the year-ago period. It was $9.3 million ($0.01 per share) versus the second quarter's slightly over $2.0 million loss, and the $6.8 million loss of the year-ago quarter.

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Source Fool.com