Ianthus Capital Holdings (OTC) (TSE:IAN) has released an update.
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iAnthus Capital Holdings reported a modest revenue growth in the first quarter of 2024, with an increase of 1.7% from the previous quarter and 13.1% year-over-year to reach $41.6 million. The company saw its gross profit rise to $17.2 million, indicating a steady upward trend. Despite these gains, a net loss of $14.0 million was reported, though this figure marks an improvement from larger losses in both the preceding quarter and the same period in the previous year.
For further insights into TSE:IAN stock, check out TipRanks’ Stock Analysis page.
