Curaleaf Significantly Narrows Net Loss in Second Quarter
Shares of Curaleaf (OTC: CURLF) inched higher in after-hours trading on Monday following the marijuana company's release of its results for the second quarter of fiscal 2020.
Published after market hours, those results showed that the company earned total revenue of just under $117.5 million -- 22% higher on a quarter-over-quarter basis, and 142% above the Q2 2019 figure. Net loss for the period was just over $2 million (less than $0.01 per share), representing a vast improvement over the Q1 shortfall of more than $15 million, not to mention the $24.5 million deficit of the same quarter a year ago.
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Source Fool.com
