The cannabis industry is gearing up for another round of earnings reports, with key players Ispire Technology, Gold Flora Corporation, and Vext Science set to release their financial results for the third quarter of 2024. These reports will provide valuable insights into the sector’s performance and future growth prospects.
Gold Flora GRAM saw a 2% decline in Q2 2024 sales, missing estimates and raising concerns. The company attributed the drop to increased discounting and seasonal factors, although production output increased. Despite the challenges, Gold Flora remains focused on expanding its production and retail presence, leading analysts to maintain an overweight rating.
Gold Flora Corp. (GRAM) announced its second-quarter 2024 financial results, reporting a significant increase in revenue but a decline in net profit. The company highlighted its improved cultivation yields, expanded product portfolio, and strong market positioning as key strengths moving forward.
