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Multistate marijuana company Curaleaf posts higher revenues, losses

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Curaleaf Holdings, a multistate cannabis operator, reported revenue of $48.5 million in the second quarter, more than triple the $14.6 million in revenue during the same period of 2018. The Massachusetts-based company lost $24.4 million in the quarter, ending June 30, mostly due to noncash items and one-time, acquisition-related charges. That compared with a loss of $6.4 million in its second quarter of 2018. Curaleaf also announced it is selling six cultivation, processing and retail building...

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