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The combination of Balanced Health into the Village Farms household is advancing extremely well and validates our belief in both the prospective within the existing cannabinoid service and the considerable near- and long-term chances in both the low-THC and high-THC product categories - benefits."As our Cannabis operations continued to provide strong development and profitability, Village Farms Fresh (Produce) faced one of the most tough macro environments in its history - blunt.

An industry-wide supply imbalance restricted the producer's capability to pass along prices to customers. We are examining new efforts, consisting of marketing collaborations to develop more scale, spread costs and diversify item offerings. Even in the presently unfavorable EBITDA environment, we keep the highest conviction that our U.S. plant. cultivation footprint is a powerhouse opportunity for legal recreational cannabis when we can participate - quantity."De, Giglio concluded, "Consumer takeaway patterns throughout the very first quarter further verified our brand and growing methods.

We remain focused on seizing opportunities to continue to provide top-tier success and market share in the high-growth global marijuana market."Consolidated sales increased 34% year-over-year to $70. 2 million from $52. 4 million; Consolidated bottom line was ($6 (all 50 states delta-9 thc is legal when derived from hemp and). 5 million), or ($0. 07) per share, compared to ($7 (texas). 4 million), or ($0. challenges.

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Balanced Health was acquired on Aug. 16, 2021 and their outcomes exist in the operations of our consolidated wholly-owned subsidiaries for the 3 months ended March 31, 2022 - thc products. The Business acquired 70% of Rose Life, Science on Nov. 15, 2021 and their results exist in the operations of our combined wholly-owned subsidiaries and the minority interest exists in Earnings (Loss) Attributable to Non-controlling Interests, Net of Tax for the three months ended March 31, 2022. story.(In thousands of U. words.S (oregon).

We warn that our outcomes of operations for the three months ended March 31, 2022 and 2021 may not be indicative of our future efficiency, especially in light of the ongoing COVID-19 pandemic. We are presently unable to evaluate the supreme effect of the COVID-19 pandemic on our company and our outcomes of operations for future periods. brands.(In thousands of U. distinction.S. vape.

A comprehensive conversation of our combined and segment results can be found in the 10Q MD&A on the Village Farms site under Financial Reports () within the Investors section. challenges. The following table reflects a reconciliation of net earnings to Adjusted EBITDA, as provided by the Company: (in thousands of U - market.S.

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These protocols think about guidance from state and city government firms along with the Centers for Illness Control and Avoidance and other public health authorities (plant). As of May 9, 2022, all of the Company's operations are running generally, nevertheless, the extent to which COVID-19 and the related global recession affect the Company's company, results of operations and financial condition, will depend on future advancements that are extremely unpredictable and can not be forecasted, consisting of the scope and duration of the pandemic and any recovery duration, future actions taken by governmental authorities, central banks and other third celebrations (including new monetary regulation and other regulatory reform) in action to the pandemic, and the results on our fruit and vegetables, clients, suppliers and workers (list).