sur CordovaCann Corp. (NASDAQ:LVRLF)
Star Buds Cannabis Co. Achieves Strong Performance in 2024
Toronto-based CordovaCann Corp. has reported robust figures for its Star Buds Cannabis Co. retail chain in Canada. As of December 2024, the company's 11 stores demonstrated significant market presence with consistent gross margins. Monthly revenues in October and November were $1.3 million and $1.2 million, respectively, showing year-over-year revenue growth of over 9% for the average store.
The Ontario outlets showed particularly strong performance, with revenue growth exceeding 12% in both months. Gross margins remained steady at around 26%. Expectations for December indicate sustained trends. Cordova management is optimistic about continuing positive momentum into 2025, planning for organic growth and potential acquisitions to increase retail presence beyond the current locations.
R. P.
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