CordovaCann (LVRLF) announces an update on its Star Buds Cannabis Co. retail operations in Canada. The company said, Star Buds Cannabis Co. stores produced strong results through the first two months of the quarter ending December 31, 2024 and are expected to sustain this growth through the final weeks of the year. The Company’s 11 retail stores continue to gain market share and produce consistent gross margin. The stores continue to win over customers with a diversified and well-regarded assortment of products and a team dedicated to providing exceptional customer service.” During the months of October and November, the Star Buds Cannabis Co. chain recorded monthly revenues of $1.3M and $1.2M, respectively. The average store in the network generated 9.2% year-over-year revenue growth in October and 10.1% year-over-year revenue growth in November. Gigher grossing stores in Ontario continue to grow at a faster pace, with average monthly revenues growing by 12.4% and 14.1% in October and November, respectively. The aggregate gross margin remained strong at 26.3% in October and 26.2% in November. Management currently expects similar revenue and gross margin trends in December.
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