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The integration of Balanced Health into the Village Farms family is progressing extremely well and validates our belief in both the potential within the existing cannabinoid business and the significant near- and long-term chances in both the low-THC and high-THC product categories - limit."As our Cannabis operations continued to provide strong development and success, Town Farms Fresh (Produce) faced one of the most difficult macro environments in its history - delta 9.

An industry-wide supply imbalance restricted the producer's capability to pass along rates to customers. We are evaluating new efforts, including marketing collaborations to construct more scale, spread costs and diversify product offerings. Even in the presently unfavorable EBITDA environment, we maintain the highest conviction that our U.S. state. cultivation footprint is a powerhouse opportunity for legal leisure cannabis when we can take part - thc products."De, Giglio concluded, "Customer takeaway patterns during the very first quarter even more verified our brand and cultivation strategies.

We stay concentrated on taking chances to continue to deliver top-tier success and market share in the high-growth international cannabis market."Consolidated sales increased 34% year-over-year to $70. 2 million from $52. 4 million; Consolidated bottom line was ($6 (part). 5 million), or ($0. 07) per share, compared to ($7 (result). 4 million), or ($0. cbd.

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Well balanced Health was acquired on Aug. 16, 2021 and their results are presented in the operations of our combined wholly-owned subsidiaries for the 3 months ended March 31, 2022 - challenges. The Business got 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, Internet of Tax for the 3 months ended March 31, 2022. topicals.(In countless U. rules.S (9).

We warn that our results of operations for the 3 months ended March 31, 2022 and 2021 may not be indicative of our future performance, especially due to the ongoing COVID-19 pandemic. We are presently unable to examine the supreme effect of the COVID-19 pandemic on our organization and our outcomes of operations for future durations. list.(In thousands of U. hemp program.S. maine.

A comprehensive conversation of our consolidated and section outcomes can be found in the 10Q MD&A on the Town Farms website under Financial Reports () within the Investors section. people. The following table shows a reconciliation of net earnings to Adjusted EBITDA, as presented by the Company: (in countless U - are legal in 42 states.S.

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These procedures take into account guidance from state and city government firms along with the Centers for Disease Control and Prevention and other public health authorities (thc). Since May 9, 2022, all of the Business's operations are running usually, nevertheless, the level to which COVID-19 and the related global financial crisis impact the Company's service, results of operations and financial condition, will depend upon future advancements that are extremely unpredictable and can not be predicted, consisting of the scope and duration of the pandemic and any healing period, future actions taken by governmental authorities, reserve banks and other 3rd parties (consisting of new monetary regulation and other regulative reform) in action to the pandemic, and the impacts on our produce, clients, suppliers and employees (hometown hero).