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Curaleaf Q2 Misses on Revenue, Deepens Net Loss

TheMotleyFool

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Curaleaf Q2 Misses on Revenue, Deepens Net Loss

Coming at the tail end of what can be considered the latest marijuana stock earnings season, Curaleaf (OTC: CURLF) on Tuesday unveiled its fiscal second-quarter 2019 results.

For the quarter, the company booked total revenue of $48.5 million, a more-than-threefold increase from the Q2 of fiscal 2018. In contrast, its net loss nearly quintupled -- it deepened to $24.5 million ($0.05 per share) from the year-ago shortfall of $4.93 million ($0.01).

Image source: Getty Images

Source Fool.com

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