Cannabist Company Holdings Inc (TSE:CBST) has released an update.
The Cannabist Company has reported its financial outcomes for the first quarter of 2024, highlighting an increase in adjusted gross margin to 39.1% from the previous quarter and a positive shift in adjusted EBITDA margin to 12.5%. CEO David Hart indicated progress in operational efficiency and strategic partnerships, while also noting ongoing efforts to prepare for new market opportunities and improve the company’s financial standing by the end of the year.
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