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The integration of Balanced Health into the Town Farms family is progressing very well and validates our belief in both the potential within the existing cannabinoid business and the considerable near- and long-lasting chances in both the low-THC and high-THC product classifications - some."As our Cannabis operations continued to provide strong growth and success, Village Farms Fresh (Produce) dealt with among the most hard macro environments in its history - substances.

An industry-wide supply imbalance limited the producer's ability to pass along rates to customers. We are evaluating brand-new initiatives, consisting of marketing collaborations to build more scale, spread costs and diversify item offerings. Even in the presently negative EBITDA environment, we preserve the highest conviction that our U.S. spectrum. cultivation footprint is a powerhouse chance for legal leisure marijuana when we can get involved - concentrate."De, Giglio concluded, "Customer takeaway patterns during the first quarter even more verified our brand name and cultivation strategies.

We stay concentrated on seizing chances to continue to provide top-tier profitability 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 bottom line was ($6 (words). 5 million), or ($0. 07) per share, compared to ($7 (oregon). 4 million), or ($0. person.

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Well balanced Health was obtained on Aug. 16, 2021 and their results are presented in the operations of our consolidated wholly-owned subsidiaries for the 3 months ended March 31, 2022 - all 50 states delta-9 thc is legal when derived from hemp and. The Business obtained 70% of Rose Life, Science on Nov. 15, 2021 and their outcomes exist in the operations of our combined wholly-owned subsidiaries and the minority interest is provided in Earnings (Loss) Attributable to Non-controlling Interests, Web of Tax for the three months ended March 31, 2022. cbd products.(In thousands of U. are delta 9.S (june 2019).

We caution that our results of operations for the three months ended March 31, 2022 and 2021 might not be indicative of our future performance, particularly because of the ongoing COVID-19 pandemic. We are currently not able to assess the supreme impact of the COVID-19 pandemic on our company and our results of operations for future durations. bill.(In countless U. order.S. country.

A comprehensive discussion of our consolidated and section results can be discovered in the 10Q MD&A on the Village Farms site under Financial Reports () within the Financiers area. marijuana. The following table reflects a reconciliation of net earnings to Adjusted EBITDA, as presented by the Business: (in countless U - companies.S.

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These protocols take into account assistance from state and city government firms as well as the Centers for Disease Control and Avoidance and other public health authorities (market). As of May 9, 2022, all of the Company's operations are operating typically, however, the extent to which COVID-19 and the related worldwide economic crisis affect the Company's company, results of operations and financial condition, will depend upon future developments that are extremely uncertain and can not be predicted, consisting of the scope and period of the pandemic and any recovery duration, future actions taken by governmental authorities, central banks and other 3rd parties (including brand-new financial policy and other regulative reform) in reaction to the pandemic, and the effects on our fruit and vegetables, clients, vendors and staff members (law).