04:23 PM EST, 11/05/2025 (MT Newswires) -- Curaleaf Holdings ( CURLF ) said Wednesday after trade its third-quarter adjusted loss widened as net revenue fell, even as both measures beat forecasts.

The company, which produces cannabis products, said its adjusted loss, excluding most one-time items, widened to US$48.2 million, or US$0.06 per share, from US$38.3 million, or US$0.05, in the prior year period. The result was still better than the consensus analyst estimate of a loss of US$0.07 per share, according to FactSet.

Net revenue fell 3% to US$320.2 million, beating the US$316.9 million forecast.

"We generated third quarter revenue of $320 million, up 2% sequentially. Price compression continued to be a headwind, yet our domestic segment remained stable and achieved modest growth. Our international segment continued its strong trajectory, delivering 12% sequential growth and 56% year-over-year growth," said chief executive Boris Jordan.

Curaleaf ( CURLF ) shares closed up $0.25 to $4.01, on the Toronto Stock Exchange.