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The combination of Balanced Health into the Village Farms household is advancing extremely well and verifies our belief in both the prospective within the existing cannabinoid organization and the considerable near- and long-lasting chances in both the low-THC and high-THC product categories - things."As our Marijuana operations continued to deliver strong development and success, Town Farms Fresh (Produce) faced among the most difficult macro environments in its history - information.

An industry-wide supply imbalance limited the manufacturer's ability to pass along prices to clients. We are evaluating brand-new initiatives, including marketing partnerships to build more scale, spread expenses and diversify product offerings. Even in the currently negative EBITDA environment, we preserve the highest conviction that our U.S. thc. growing footprint is a powerhouse opportunity for legal leisure marijuana when we can participate - news."De, Giglio concluded, "Customer takeaway trends during the very first quarter further confirmed our brand and cultivation strategies.

We stay focused on taking opportunities to continue to deliver 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 net loss was ($6 (new jersey). 5 million), or ($0. 07) per share, compared with ($7 (disclaimer). 4 million), or ($0. product.

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Well balanced Health was acquired on Aug. 16, 2021 and their outcomes are presented in the operations of our consolidated wholly-owned subsidiaries for the three months ended March 31, 2022 - consequences. The Business obtained 70% of Rose Life, Science on Nov. 15, 2021 and their results are provided in the operations of our combined wholly-owned subsidiaries and the minority interest exists in Earnings (Loss) Attributable to Non-controlling Interests, Web of Tax for the 3 months ended March 31, 2022. plants.(In thousands of U. cultivation.S (acids).

We warn that our outcomes of operations for the 3 months ended March 31, 2022 and 2021 might not be a sign of our future performance, particularly in light of the ongoing COVID-19 pandemic. We are currently unable to assess the ultimate effect of the COVID-19 pandemic on our organization and our outcomes of operations for future durations. order.(In thousands of U. delta 9.S. manufacturers.

A detailed conversation of our consolidated and sector outcomes can be found in the 10Q MD&A on the Village Farms website under Financial Reports () within the Financiers section. question. The following table shows a reconciliation of earnings to Adjusted EBITDA, as presented by the Business: (in thousands of U - spectrum.S.

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These protocols consider guidance from state and city government companies along with the Centers for Disease Control and Prevention and other public health authorities (part). As of May 9, 2022, all of the Company's operations are running typically, however, the degree to which COVID-19 and the related global recession affect the Business's business, results of operations and monetary condition, will depend upon future developments that are highly unpredictable and can not be forecasted, consisting of the scope and period of the pandemic and any healing duration, future actions taken by governmental authorities, central banks and other 3rd parties (including brand-new financial regulation and other regulatory reform) in action to the pandemic, and the impacts on our produce, customers, vendors and staff members (people).