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The integration of Balanced Health into the Village Farms household is progressing extremely well and verifies our belief in both the prospective within the existing cannabinoid service and the substantial near- and long-lasting chances in both the low-THC and high-THC item categories - people."As our Marijuana operations continued to deliver strong development and profitability, Town Farms Fresh (Produce) faced one of the most difficult macro environments in its history - dabs.

An industry-wide supply imbalance limited the producer's ability to pass along rates to customers. We are assessing brand-new efforts, including marketing partnerships to develop more scale, spread expenses and diversify product offerings. Nevertheless, even in the presently unfavorable EBITDA environment, we preserve the greatest conviction that our U.S. others. cultivation footprint is a powerhouse opportunity for legal recreational cannabis when we can take part."De, Giglio concluded, "Consumer takeaway trends during the very first quarter even more validated our brand and cultivation methods.

We remain concentrated on seizing opportunities to continue to deliver top-tier profitability 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 net loss was ($6 (forms). 5 million), or ($0. 07) per share, compared with ($7 (cannabis sativa plants). 4 million), or ($0. manufacturers.

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Well balanced Health was acquired on Aug. 16, 2021 and their results are provided in the operations of our combined wholly-owned subsidiaries for the 3 months ended March 31, 2022 - weed. The Company acquired 70% of Rose Life, Science on Nov. 15, 2021 and their results are presented in the operations of our consolidated wholly-owned subsidiaries and the minority interest is provided in Net Earnings (Loss) Attributable to Non-controlling Interests, Web of Tax for the 3 months ended March 31, 2022. federal law makes.(In thousands of U. differences.S (pipe).

We caution that our results of operations for the three months ended March 31, 2022 and 2021 may not be a sign of our future performance, especially in light of the ongoing COVID-19 pandemic. We are currently not able to assess the supreme impact of the COVID-19 pandemic on our organization and our results of operations for future periods. recreational.(In countless U. hometown hero.S. is delta 9 legal.

A comprehensive discussion of our combined and segment results can be discovered in the 10Q MD&A on the Town Farms website under Financial Reports () within the Financiers section. question. The following table reflects a reconciliation of net income to Adjusted EBITDA, as provided by the Business: (in countless U - words.S.

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These procedures think about guidance from state and city government companies along with the Centers for Illness Control and Prevention and other public health authorities (9 legal). Since May 9, 2022, all of the Business's operations are running normally, nevertheless, the degree to which COVID-19 and the related international economic crisis affect the Company's organization, outcomes of operations and monetary condition, will depend on future developments that are extremely unpredictable and can not be anticipated, including the scope and period of the pandemic and any recovery duration, future actions taken by governmental authorities, main banks and other 3rd parties (consisting of brand-new monetary guideline and other regulatory reform) in action to the pandemic, and the effects on our fruit and vegetables, customers, vendors and workers (laws).