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The combination of Balanced Health into the Village Farms family is progressing extremely well and validates our belief in both the possible within the existing cannabinoid business and the substantial near- and long-term opportunities in both the low-THC and high-THC item categories - is delta."As our Marijuana operations continued to deliver strong growth and profitability, Village Farms Fresh (Produce) dealt with among the most hard macro environments in its history - all.

An industry-wide supply imbalance limited the producer's capability to pass along prices to consumers. We are evaluating new initiatives, including marketing partnerships to construct more scale, spread costs and diversify product offerings. Even in the currently negative EBITDA environment, we keep the highest conviction that our U.S. rule. cultivation footprint is a powerhouse chance for legal recreational marijuana when we can take part - laws."De, Giglio concluded, "Consumer takeaway trends throughout the first quarter further verified our brand name and cultivation techniques.

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

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Balanced Health was gotten on Aug. 16, 2021 and their results are presented in the operations of our consolidated wholly-owned subsidiaries for the 3 months ended March 31, 2022 - country. The Company obtained 70% of Rose Life, Science on Nov. 15, 2021 and their outcomes exist in the operations of our combined wholly-owned subsidiaries and the minority interest is provided in Net Earnings (Loss) Attributable to Non-controlling Interests, Web of Tax for the three months ended March 31, 2022. difference.(In countless U. colorado.S (market).

We warn that our outcomes of operations for the 3 months ended March 31, 2022 and 2021 may not be indicative of our future efficiency, especially due to the ongoing COVID-19 pandemic. We are presently not able to assess the supreme effect of the COVID-19 pandemic on our service and our results of operations for future periods. cannabinoid.(In thousands of U. law.S. cbd.

A comprehensive conversation of our combined and segment outcomes can be discovered in the 10Q MD&A on the Town Farms website under Financial Reports () within the Investors area. 9. The following table reflects a reconciliation of net income to Adjusted EBITDA, as presented by the Company: (in countless U - laws.S.

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These procedures take into account guidance from state and city government companies as well as the Centers for Disease Control and Avoidance and other public health authorities (extracts). Since May 9, 2022, all of the Company's operations are operating usually, nevertheless, the degree to which COVID-19 and the associated worldwide recession affect the Business's service, outcomes of operations and monetary condition, will depend on future developments that are highly uncertain and can not be forecasted, consisting of the scope and period of the pandemic and any healing period, future actions taken by governmental authorities, central banks and other third celebrations (consisting of new monetary regulation and other regulative reform) in reaction to the pandemic, and the impacts on our produce, customers, suppliers and employees (effect).

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