04:40 PM EDT, 08/07/2024 (MT Newswires) -- Curaleaf Holdings ( CURLF ) on Wednesday said its second-quarter loss narrowed on higher revenue

The cannabis producer said it lost US$48.9 million, or US$0.06 per share, in the period, narrowing from a loss of US$72.1 million, or $0.10, in the year-prior quarter.

Revenue rose 2% to US$342 million from US$335.6 million.

The company also said executive chairman Boris Jordan will become its chief executive on Aug. 16, replacing the retiring Matt Darin.

Curaleaf ( CURLF ) shares closed down $0.24 to $4.40 on the Toronto Stock Exchange.