Stable Revenue Despite Industry Challenges
Curaleaf reported a total revenue of $1.34 billion for 2024, flat compared to last year, despite a 14% average price compression across the industry.
International Growth Success
International revenue grew by 73%, surpassing the $100 million milestone, largely driven by strong performance in Germany and the UK.
Improved Margins
Adjusted gross margin increased by 160 basis points to 48% for the year, reflecting enhanced efficiency and productivity.
Ohio and New York Market Expansion
Ohio experienced 96% growth in the second half of 2024, while New York saw a 50% increase in state growth, driven by strong triple-digit growth in wholesale.
Launch of Innovative Products
Curaleaf introduced new products like the Anthem pre-roll brand and ACE oil processing technology, which are expected to drive future growth.