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JUSHF / Cannabis MSOs earnings to highlight focus on profitability over growth

Cannabis MSOs earnings to highlight focus on profitability over growth
With United States cannabis multi-state operators (MSOs) set to hand down their latest financial results starting next week, analysts at Canaccord Genuity (TSX:CF, LSE:CF) expect to see modest sector-wide growth as these companies remained focused on driving profitability during the quarter. In a note to clients, the analysts wrote that they believe 2Q/fiscal 3Q earnings will come in incrementally higher on a sequential basis but somewhat muted given that most operators are still in the midst of a variety of operational rightsizing initiatives, with profitability prioritized ahead of growth amid macro-level headwinds. Read More
Posted: Aug 2 2023, 13:12
Author Name: Proactive Investors
Views: 102391

JUSHF News  

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