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The combination of Balanced Health into the Town Farms family is advancing effectively and validates our belief in both the possible within the existing cannabinoid company and the significant near- and long-lasting chances in both the low-THC and high-THC item classifications - usda."As our Cannabis operations continued to provide strong growth and success, Village Farms Fresh (Produce) dealt with one of the most challenging macro environments in its history - news.

An industry-wide supply imbalance restricted the manufacturer's ability to pass along pricing to customers. We are assessing new efforts, consisting of marketing collaborations to develop more scale, spread expenses and diversify item offerings. Nevertheless, even in the currently negative EBITDA environment, we keep the greatest conviction that our U.S. limit. cultivation footprint is a powerhouse chance for legal recreational cannabis when we can get involved."De, Giglio concluded, "Consumer takeaway trends throughout the first quarter even more validated our brand name and growing methods.

We remain concentrated on taking opportunities to continue to provide 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 bottom line was ($6 (example). 5 million), or ($0. 07) per share, compared with ($7 (tetrahydrocannabinols). 4 million), or ($0. all.

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Well balanced Health was obtained on Aug. 16, 2021 and their outcomes exist in the operations of our combined wholly-owned subsidiaries for the 3 months ended March 31, 2022 - maine. The Company got 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 Net Income (Loss) Attributable to Non-controlling Interests, Web of Tax for the three months ended March 31, 2022. difference.(In thousands of U. yes some products containing delta-9 thc are legal.S (delta-9).

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, especially in light of the ongoing COVID-19 pandemic. We are presently unable to examine the ultimate impact of the COVID-19 pandemic on our business and our outcomes of operations for future durations. dispensaries.(In thousands of U. form.S. industry.

A detailed discussion of our combined and sector outcomes can be discovered in the 10Q MD&A on the Village Farms site under Financial Reports () within the Investors section. pipe. The following table reflects a reconciliation of earnings to Adjusted EBITDA, as presented by the Company: (in countless U - case.S.

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These protocols take into account guidance from state and regional federal government agencies in addition to the Centers for Disease Control and Prevention and other public health authorities (blunt). As of May 9, 2022, all of the Company's operations are running generally, however, the extent to which COVID-19 and the associated international recession impact the Company's business, outcomes of operations and financial condition, will depend on future developments that are highly unpredictable and can not be forecasted, including the scope and period of the pandemic and any healing duration, future actions taken by governmental authorities, main banks and other 3rd parties (including brand-new monetary policy and other regulative reform) in reaction to the pandemic, and the effects on our fruit and vegetables, customers, vendors and workers (tetrahydrocannabinols).

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