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The integration of Balanced Health into the Town Farms household is progressing effectively and confirms our belief in both the prospective within the existing cannabinoid company and the significant near- and long-lasting opportunities in both the low-THC and high-THC item classifications - house."As our Marijuana operations continued to deliver strong growth and success, Town Farms Fresh (Produce) dealt with among the most tough macro environments in its history - result.

An industry-wide supply imbalance limited the manufacturer's capability to pass along rates to consumers. We are examining brand-new efforts, including marketing collaborations to construct more scale, spread expenses and diversify product offerings. Nevertheless, even in the currently unfavorable EBITDA environment, we maintain the highest conviction that our U.S. edibles. cultivation footprint is a powerhouse opportunity for legal leisure marijuana when we can get involved."De, Giglio concluded, "Customer takeaway patterns throughout the first quarter even more confirmed our brand name and cultivation strategies.

We remain concentrated on taking chances to continue to provide top-tier success and market share in the high-growth international marijuana market."Consolidated sales increased 34% year-over-year to $70. 2 million from $52. 4 million; Consolidated net loss was ($6 (weed). 5 million), or ($0. 07) per share, compared to ($7 (plant). 4 million), or ($0. cbd products.

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Balanced Health was gotten on Aug. 16, 2021 and their results exist in the operations of our combined wholly-owned subsidiaries for the three months ended March 31, 2022 - more. The Business got 70% of Rose Life, Science on Nov. 15, 2021 and their results exist in the operations of our consolidated wholly-owned subsidiaries and the minority interest is presented in Net Earnings (Loss) Attributable to Non-controlling Interests, Net of Tax for the 3 months ended March 31, 2022. weed.(In countless U. pipe.S (south dakota).

We caution that our results of operations for the 3 months ended March 31, 2022 and 2021 may not be a sign of our future performance, particularly in light of the continuous COVID-19 pandemic. We are currently not able to evaluate the ultimate impact of the COVID-19 pandemic on our business and our results of operations for future periods. variety.(In countless U. delta 9 is federally legal under the 2018 farm bill.S. dispensaries.

A detailed discussion of our combined and sector outcomes can be discovered in the 10Q MD&A on the Town Farms site under Financial Reports () within the Financiers area. compound. The following table shows a reconciliation of net income to Adjusted EBITDA, as provided by the Business: (in thousands of U - legality.S.

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These protocols take into consideration guidance from state and city government companies as well as the Centers for Illness Control and Prevention and other public health authorities (marijuana). As of May 9, 2022, all of the Business's operations are running typically, nevertheless, the level to which COVID-19 and the associated global recession affect the Company's organization, outcomes of operations and monetary condition, will depend upon future developments that are extremely uncertain and can not be forecasted, including the scope and period of the pandemic and any healing period, future actions taken by governmental authorities, central banks and other 3rd celebrations (including brand-new financial policy and other regulative reform) in response to the pandemic, and the impacts on our produce, customers, suppliers and staff members (effect).