04:24 PM EDT, 05/08/2025 (MT Newswires) -- Curaleaf Holdings ( CURLF ) on Thursday afternoon reported a wider first-quarter loss and lower revenue.

The cannabis retailer said it lost US$55.1 million, or US$0.07 per share, compared with a loss of US$42.6 million, or US$0.06. in the year-ago quarter. FactSet expected a loss of US$0.06 per share.

Revenue fell to US$310 million from US$338.9 million a year prior. FactSet projected US$311.8 million.

"I'm happy to report that we've completed much of the heavy lifting needed to reposition the business for long-term success, including streamlining operations, improving key manufacturing metrics, and sharpening our focus on flower quality," Chief Executive Boris Jordan said.

The company closed the quarter with US$122 million in cash and positive cash flow from continuing operations: US$42 million in operating cash flow and US$26 million in free cash flow. It also paid down US$20 million in acquisition-related debt, he added.

Curaleaf ( CURLF ) shares closed up $0.02 to $1.21 on the Toronto Stock Exchange.