Vireo Growth Inc. (VREOF) Q3 2024 Earnings Call Transcript Summary
Vireo Growth Inc. (VREOF) Q3 2024 Earnings Call Transcript Summary
Total market sales in Maryland were reported to increase 8% year-over-year, with Vireo's retail and wholesale operations showing significant growths of 12% and 26%, respectively.The following is a summary of the Vireo Growth Inc. (VREOF) Q3 2024 Earnings Call Transcript:
以下是沃特世成長公司（VREOF）2024年第三季度業績會交易摘要：
Financial Performance:
財務表現：
Vireo Growth Inc. reported a Q3 revenue of $22.4 million, marking a 6.2% increase year-over-year, primarily driven by strong sales growth in Maryland.
Despite challenging year-over-year comparisons due to the anniversary of adult-use sales launch, same-store sales in Minnesota saw a growth of 3%.
Total market sales in Maryland were reported to increase 8% year-over-year, with Vireo's retail and wholesale operations showing significant growths of 12% and 26%, respectively.
沃特世成長公司報告第三季度營業收入爲2240萬美元，同比增長6.2％，主要受馬里蘭州銷售強勁增長驅動。
儘管由於成人用途銷售推出週年紀念日而面臨挑戰的同比對比，明尼蘇達州的同店銷售額增長了3％。
據報道，馬里蘭州的總市場銷售額同比增長了8％，沃特世的零售和批發業務分別顯示出12％和26％的顯着增長。
Business Progress:
業務進展:
Vireo Growth continues to execute its CREAM & Fire strategy focused on operational improvements and market expansion.
Advances in hemp-derived beverage and gummy products under Hi*AF and Boundary Waters brands enhance product offerings, seeding these adult-use brands in Minnesota.
Progress in relocating and upgrading retail facilities to support impending adult-use sales in Minnesota.
Continued improvements in harvest yields and flower quality, demonstrating enhanced operational efficiency and product quality.
沃特世成長公司繼續執行其專注於運營改善和市場擴張的CREAm & Fire策略。
在Hi*AF和Boundary Waters品牌的大麻衍生飲料和軟糖產品方面的進展增強了產品供應，促使這些成人用途品牌在明尼蘇達州發展。
在明尼蘇達州支持即將到來的成年人使用銷售，推進零售設施的搬遷和升級工作。
持續改善收成產量和花朵質量，展示了提高運營效率和產品質量。
Opportunities:
機會：
The upcoming introduction of adult-use sales in Minnesota presents a significant opportunity for market expansion and revenue growth.
Expansion of the distribution network for Hi*AF and Boundary Waters brands nationally indicates potential market growth.
明尼蘇達州即將推出成年人使用銷售，爲市場擴張和營業收入增長帶來重要機會。
在全國範圍擴大Hi*AF和Boundary Waters品牌的分銷網絡，顯示出潛在市場增長。
Risks:
風險：
Anticipated challenges in year-over-year financial performance as the company anniversaries the launch of adult-use sales in Maryland.
Delays in the divestiture process in New York may affect operational focus and financial flexibility.
隨着公司迎來馬里蘭州成年人使用銷售推出週年紀念，預計會面臨年度財務表現的挑戰。
紐約的剝離進程延遲可能會影響運營重點和財務靈活性。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
