Cannabist Company Holdings Inc ( (CBSTF) ) has released its Q2 earnings. Here is a breakdown of the information Cannabist Company Holdings Inc presented to its investors.
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The Cannabist Company Holdings Inc., a leading cultivator, manufacturer, and retailer of cannabis products in the U.S., operates across multiple states with a focus on both medical and adult-use markets.
In its second quarter of 2025, The Cannabist Company reported a revenue of $86.4 million, reflecting a slight decrease from the previous quarter. The company has been actively restructuring its operations and financial obligations, including extending the maturity of its senior debt and optimizing its retail footprint.
Key financial highlights include a 1% decrease in revenue compared to the first quarter, primarily due to the sale of retail locations in California. The company achieved an adjusted EBITDA of $8.5 million, with a sequential improvement in adjusted EBITDA margin. The Cannabist Company also reported significant progress in its wholesale business, which grew by 16% sequentially.
Looking forward, The Cannabist Company aims to continue optimizing its operations and managing its liquidity. The company plans to expand its retail presence in Ohio and Virginia while transitioning to a wholesale model in Pennsylvania, positioning itself for potential growth in the adult-use market.