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The integration of Balanced Health into the Town Farms family is progressing effectively and verifies our belief in both the possible within the existing cannabinoid organization and the considerable near- and long-term chances in both the low-THC and high-THC product classifications - june 2019."As our Marijuana operations continued to deliver strong growth and success, Village Farms Fresh (Produce) faced among the most difficult macro environments in its history - are federally legal in all 50 states.

An industry-wide supply imbalance limited the manufacturer's capability to pass along rates to consumers. We are assessing new initiatives, consisting of marketing partnerships to build more scale, spread expenses and diversify product offerings. However, even in the presently negative EBITDA environment, we maintain the greatest conviction that our U.S. 9 legal. cultivation footprint is a powerhouse chance for legal leisure cannabis when we can participate."De, Giglio concluded, "Consumer takeaway trends throughout the very first quarter further verified our brand and growing methods.

We remain focused on taking chances to continue to deliver top-tier success and market share in the high-growth worldwide cannabis market."Consolidated sales increased 34% year-over-year to $70. 2 million from $52. 4 million; Consolidated net loss was ($6 (supplements). 5 million), or ($0. 07) per share, compared to ($7 (cannabinoids). 4 million), or ($0. new jersey.

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Balanced Health was acquired on Aug. 16, 2021 and their results exist in the operations of our combined wholly-owned subsidiaries for the 3 months ended March 31, 2022 - new mexico. 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 is presented in Net Income (Loss) Attributable to Non-controlling Interests, Internet of Tax for the 3 months ended March 31, 2022. stores.(In thousands of U. hemp program.S (tincture).

We caution that our results of operations for the three months ended March 31, 2022 and 2021 might not be a sign of our future efficiency, particularly in light of the continuous COVID-19 pandemic. We are currently unable to evaluate the ultimate effect of the COVID-19 pandemic on our organization and our results of operations for future periods. line.(In thousands of U. purchase.S. things.

A detailed conversation of our combined and segment results can be found in the 10Q MD&A on the Town Farms site under Financial Reports () within the Investors section. yes some products containing delta-9 thc are legal. The following table reflects a reconciliation of net earnings to Adjusted EBITDA, as presented by the Business: (in thousands of U - example.S.

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These procedures think about assistance from state and regional federal government agencies as well as the Centers for Illness Control and Avoidance and other public health authorities (distinction). As of May 9, 2022, all of the Company's operations are running typically, nevertheless, the degree to which COVID-19 and the associated worldwide recession impact the Company's service, results of operations and financial condition, will depend on future developments that are highly uncertain and can not be predicted, including the scope and period of the pandemic and any healing duration, future actions taken by governmental authorities, main banks and other 3rd parties (consisting of new monetary regulation and other regulative reform) in action to the pandemic, and the impacts on our fruit and vegetables, clients, suppliers and employees (rights).