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Cordovacann's Star Buds Cannabis Co. reported record August 2024 revenues, with 10.3% year-over-year increase and 26.9% gross margin.
Cordovacann (CSE: CDVA / OTCQB: LVRLF) reported record growth for its Star Buds Cannabis Co. retail operations in Canada, achieving peak monthly revenues and gross profit in August 2024.
The company’s 11 stores experienced a 10.3% revenue increase year-over-year, with Ontario locations seeing a 13.9% rise.
The gross margin rose to 26.9%, up 800 basis points from last year.
CEO Taz Turner highlighted plans to expand the retail business further.
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Star Buds Cannabis Co., de Cordovacann, reportó ingresos récord en agosto de 2024, con un 10,3% de aumento interanual y un 26,9% de margen bruto.