on Cantourage Group SE (isin : DE000A3DSV01)
Cantourage Group SE Reports Strong H1 2024 Financial Performance
Cantourage Group SE has announced a significant increase in sales revenue for the first half of 2024, reaching EUR 16.9 million. This marks a 52% rise compared to the same period in 2023, when revenues were EUR 11.1 million.
The revenue boost was mainly driven by strong business development in Germany and positive international activities. Cantourage launched 15 new cannabis products from 10 cultivation partners, facilitating rapid adaptation to the shifting cannabis demand in Europe.
The German market saw a surge in demand following partial cannabis legalization in April 2024. Additionally, the company's UK operations reported solid growth, establishing Cantourage as a leading cannabis firm in the UK.
CEO Philip Schetter highlighted the company's preparations for legal changes and expansions in production capacity, including a partnership with Portocanna in Portugal. Cantourage expects to continue its growth trajectory in various European markets.
R. P.
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