Finance

Curaleaf Third Quarter Financials Reports Year-Over-Year Revenue Growth of 289%

By November 28, 2018 No Comments

Curaleaf Holdings, Inc. (CSE: CURA) announced on November 26th the company’s financial reports for the third quarter of 2018. The financial reports showed a 289% growth to the quarter’s revenue when compared to the total from Q3 of 2017. Total revenue from the 9 month period that ended on September 30th of this year amounted to $45.1 million a revenue increase of 247% when compared to $13 million in 2017. The company also increased revenue gained from Q2 of this year by 46% in Q3.

Curaleaf CEO, Joe Lusardi, stated this about the company’s vast retail footprint and revenue growth, “Boasting the largest retail dispensary footprint under a single, unified brand, with now 33 locations across 10 states, Curaleaf has established itself as a leader in the burgeoning U.S. cannabis industry. The expansion of our retail footprint was one of several key factors that drove significant year-over-year quarterly revenue growth of 289%, a majority of which was attributable to organic growth.”

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