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What happened, with direct paths to the underlying reporting
Q2 2024 sales of $31.6 million fell short of estimates. Adjusted EBITDA was a loss of $2 million, below expectations. Production output increased by 14%, but inventories dropped significantly. Gold Flora's stock underperformed, down 57% in 90 days. Zuanic & Associates maintains overweight rating for long-term growth.
- Q2 2024 sales of $31.6 million fell short of estimates.
- Adjusted EBITDA was a loss of $2 million, below expectations.
- Production output increased by 14%, but inventories dropped significantly.
- Gold Flora's stock underperformed, down 57% in 90 days.
- Zuanic & Associates maintains overweight rating for long-term growth.
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