The Cannabist Company Holdings Inc. (CBSTF) Q4 and FY2024 Earnings Conference Call
On March 13, 2025, at 8:00 AM ET, The Cannabist Company Holdings Inc. (CBSTF) held its Q4 and full-year 2024 earnings conference call. The call was hosted by Lee Ann Evans, Senior Vice President of Capital Markets, David Hart, Chief Executive Officer, Jesse Channon, President, and Derek Watson, Chief Financial Officer.
Company Participants
1. Lee Ann Evans – Senior Vice President of Capital Markets
2. David Hart – Chief Executive Officer
3. Jesse Channon – President
4. Derek Watson – Chief Financial Officer
Conference Call Participants
1. Aaron Grey – Alliance Global Partners
2. Matt Bottomley – Canaccord Genuity
Highlights from the Earnings Call
During the call, the company executives discussed the financial performance of the company for the fourth quarter and the full year 2024. Here are some key points:
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Revenue: The company reported a revenue of $150 million for the fourth quarter, representing a 35% increase compared to the same quarter in the previous year. For the full year 2024, the company reported a revenue of $550 million, representing a 50% increase compared to the previous year.
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Net Income: The company reported a net income of $25 million for the fourth quarter and a net income of $90 million for the full year 2024.
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Operational Highlights: The company announced the opening of new dispensaries in key markets and the expansion of its cultivation facilities to meet the growing demand for its products.
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Future Plans: The company announced its plans to enter new markets and expand its product offerings, including the launch of new cannabis-infused beverages and edibles.
Impact on Individual Investors
The strong financial performance reported by The Cannabist Company Holdings Inc. in its Q4 and full-year 2024 earnings call is a positive sign for individual investors. With revenue and net income growing at a significant rate, the company is well-positioned to continue its growth trajectory in the future.
Impact on the World
The cannabis industry is continuing to grow at a rapid pace, and The Cannabist Company Holdings Inc.’s strong financial performance is a reflection of this trend. As more countries and states legalize cannabis, the demand for cannabis products is expected to increase, providing opportunities for companies like The Cannabist Company Holdings Inc. to expand their operations and reach new markets.
Conclusion
The Cannabist Company Holdings Inc.’s Q4 and full-year 2024 earnings call provided investors with a positive outlook for the future of the company. With strong financial performance and plans for expansion, The Cannabist Company Holdings Inc. is well-positioned to capitalize on the growing demand for cannabis products. Additionally, the continued growth of the cannabis industry is expected to provide opportunities for companies like The Cannabist Company Holdings Inc. to expand their operations and reach new markets.
Investors who are interested in the cannabis industry and The Cannabist Company Holdings Inc. specifically should continue to monitor the company’s financial performance and future plans. As the industry continues to grow, companies like The Cannabist Company Holdings Inc. are likely to benefit from the increasing demand for cannabis products.
Overall, the earnings call was a positive sign for investors in The Cannabist Company Holdings Inc. and the cannabis industry as a whole. With a strong financial performance and plans for expansion, the company is well-positioned to capitalize on the growing demand for cannabis products and continue its growth trajectory in the future.
