Notice how M said Canadian producers In his comment even though Tilray Brands is a an American consumer packaged goods company headquartered in NEW YORK. M head over to Curaleaf ask them why do they have four times less liquid then Tilray Brands and are far more diluted. And how do they plan to compete in other states when they pull tail and run?
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Curaleaf Exited direct operations in Michigan and Kentucky resulting in a $22 million non-cash impairment charge, and $3 million in adjusted EBITDA accretion
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Cash at quarter end totaled $118.1 million
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Net loss, attributable to Curaleaf Holdings, Inc., for the nine months end 2023 was $218 million, compared with a net loss of $110 million for the nine months ended Q3 2022. The $108 million degradation in net loss year-over-year was primarily due to gross margin compression and the increase in total other expenses.
Balance Sheet and Cash Flow
As of September 30, 2023, the Company had $118.1 million of cash and $584.6 million of outstanding debt net of unamortized debt discounts.
As of the end of the third quarter, Curaleaf has invested $49.4 million, net in capital expenditures, focused on cultivation, processing, and selective retail expansion in strategic markets. During the third quarter, net capital expenditures were $13.6 million.
Shares Outstanding
For the third quarter of 2023 and 2022, the Company's weighted average subordinate voting shares plus multiple voting shares outstanding amounted to 725,319,477 and 709,638,533 shares, respectively.
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Exited direct operations in Michigan and Kentucky resulting in a $22 million non-cash impairment charge, and $3 million in adjusted EBITDA accretion
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Cash at quarter end totaled $118.1 million
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