CordovaCann says Star Buds stores generated $1.22M revenue in December

CordovaCann provides an update on its Star Buds Cannabis Co. retail operations in Canada. The company said, "Star Buds Cannabis Co. achieved strong performance throughout 2022. The stores continue to benefit from strong cost controls and market share gains despite a difficult economic environment. Gross margin continues to expand and management remains focused on increasing store profitability. The Star Buds Cannabis Co. stores posted a strong month of revenues in December to close out the year. For the month the store chain generated revenues of $1.22 million with a gross margin of 26.0%. This equates to a revenue run rate of $14.7 million annually. Four of the fourteen Star Buds Cannabis Co. stores posted record monthly revenues in December."