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California StateHouse Holdings Reports 10% YoY Revenue Increase As Capital Deficit Grows

Benzinga ·  Aug 30 22:45

Vertically integrated cannabis companyStateHouse Holdings Inc.(CSE:STHZ) (OTCQB:STHZF) reported its financial results for the three-month period ended June 30, 2024. The California-focused company disclosedrevenue of $27.8 million, up by 10% from $25.3 million in the second quarter of last year.

"We made substantial progress throughout the quarter, with our innovative product line-ups driving growth and profitability improvements," stated CEOEd Schmults. "Our new products are clearly hitting the mark with consumers, with a 14% increase in transactions for the second quarter compared with the same period last year. We have continued to deliver improvements to our results, with adjusted...

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