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CURLF earnings report November 8th
Just looked at Curaleaf Q3 earnings. I am underwhelmed. They continue to make acquisitions but revenue only increased from 312M to 317M (2%) and ADJ EBITDA actually fell from 84M in Q2 to 71M in Q3. Last quarter I thought they might finally be getting close to making a profit but alas net income fell from a $7.2M loss to a $56.9M loss. They have diluted to 702M shares but they do have a lot of cultivation space, dispensaries, employees and have moved into Europe. I have traded my CURLF shares for TCNNF shares and VRNOF shares but I thought I would move back into CURLF at some point. Are they ever going to make money? Any CURLF owners have any thoughts on this company?
@gr8day4alemonadegmail-com Thanks for posting this.
I am going to dive into these guys this afternoon and I’ll look at these numbers and do a video for tomorrow afternoon. I actually kind fo felt the same about Curaleaf CURLF stock numbers from before that they appeared to be sluggish. But, I think I gave them the benefit of the doubt. Nonetheless, they’ve never made it into my Top Picks and, that might be the reason.
I wonder if others to report will be dragged down by tax payments? I remember that due to Covid companies were allowed to defer payments.
Anyway, thank you Green Thumb fir correcting the negative start from Cura!
@mebarrettyahoo-com Exactly. This was a hit with that tax bill. But, take that away and still, numbers were soft. I was generally disappointed with this.
Colombia Care just reported and smashed it with 22% increase QoQ. This just reiterates that Curaleaf will be outpaced. Time to start weeding through and picking the winners and losers.