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Curaleaf Expands Florida Footprint with New Cape Canaveral Dispensary
Prnewswire· 2025-12-04 12:45
Core Insights - Curaleaf Holdings, Inc. has opened a new dispensary in Cape Canaveral, Florida, increasing its store count to 70 in Florida and 159 nationwide [1][4] Company Expansion - The new dispensary in Cape Canaveral is part of Curaleaf's ongoing expansion strategy in Florida, a key growth market for the company [4] - Curaleaf aims to enhance access to safe, high-quality cannabis for medical patients in Florida [4] Product Offerings - The Cape Canaveral dispensary will offer a diverse range of high-quality cannabis products, including Anthem pre-rolls, Grassroots Dark Heart, Select Briq, Select ACE, and Reef [2] - Patients will have access to premium flower, vape, and edible options tailored to various wellness and lifestyle needs [2] Location and Accessibility - The dispensary is conveniently located near the beach, residential neighborhoods, and local businesses, providing a welcoming retail experience for both new and established patients [3] - Operating hours are Monday to Saturday from 9:00 a.m. to 8:30 p.m. and Sunday from 10:00 a.m. to 7:00 p.m. [3] Community Engagement - To celebrate the opening, Curaleaf will host a grand opening event on December 12, featuring giveaways, special promotions, and gifts with purchase [4]
Curaleaf Reports Second Quarter 2025 Results; Domestic Stabilization, Robust International Momentum
Prnewswire· 2025-08-06 20:01
Financial Performance - Total revenue for Q2 2025 was $315 million, representing a 1.5% increase compared to Q1 2025 [2] - Adjusted gross margin for Q2 2025 was 49%, an increase of 120 basis points year-over-year [2][7] - Adjusted EBITDA for Q2 2025 was $66 million, resulting in a 21% adjusted EBITDA margin [2][24] - Net loss from continuing operations for Q2 2025 was $50.6 million, or $0.07 per share [7][30] International Expansion - Curaleaf was awarded a license to operate in Turkey's medical cannabis market, expanding its international footprint [2][7] - The international segment reported a 62% year-over-year growth, with international revenue of $41 million in Q2 2025 [2][8] Operational Highlights - The company ended Q2 2025 with $102 million in cash after making $47 million in interest and debt payments [2][9] - Curaleaf opened its 66th retail location in Florida and launched new product lines, including a new pre-roll brand and an ultra-clear oil [7][8] - The company completed the buyout of its minority partner in Curaleaf International, now owning 100% of the business [7] Market Position and Strategy - Curaleaf operates in 17 U.S. states and 15 countries, positioning itself as a global cannabis leader [2] - The company is focusing on product quality, customer service, and supply chain excellence to capitalize on emerging opportunities in the cannabis market [2]