Curaleaf's Q1 Results: Is the CEO Shift a Reason to Buy the Stock?
A big change is afoot at multi-state operator (MSO) Curaleaf Holdings (OTC: CURLF). In addition to reporting its first-quarter results Monday afternoon, the company also announced a leadership transition. Let's explore how it did in the quarter and, more importantly, whether the new executive appointment might give the shares a boost.
For the period, Curaleaf's total revenue came in just slightly over $313 million. While that was 20% higher year over year, it was 2% below the fourth quarter of 2021. The company's net loss was nearly $20 million ($0.03 per share) -- deeper than the year-ago shortfall of $14.8 million, but a vast improvement over the $27.5 million the marijuana company lost in the preceding quarter.
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Source Fool.com
