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The integration of Balanced Health into the Town Farms family is advancing very well and confirms our belief in both the possible within the existing cannabinoid company and the substantial near- and long-lasting chances in both the low-THC and high-THC product classifications - things."As our Cannabis operations continued to provide strong growth and success, Village Farms Fresh (Produce) faced one of the most difficult macro environments in its history - edibles.

An industry-wide supply imbalance restricted the producer's ability to pass along prices to consumers. We are evaluating new efforts, including marketing partnerships to build more scale, spread expenses and diversify product offerings. Even in the presently unfavorable EBITDA environment, we keep the highest conviction that our U.S. weed. growing footprint is a powerhouse chance for legal leisure cannabis when we can take part - benefits."De, Giglio concluded, "Customer takeaway patterns during the first quarter even more verified our brand and cultivation strategies.

We stay focused on seizing chances to continue to provide 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 (edibles). 5 million), or ($0. 07) per share, compared with ($7 (changes). 4 million), or ($0. possession.

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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 - products. The Business acquired 70% of Rose Life, Science on Nov. 15, 2021 and their outcomes are provided in the operations of our consolidated wholly-owned subsidiaries and the minority interest is provided in Earnings (Loss) Attributable to Non-controlling Interests, Net of Tax for the 3 months ended March 31, 2022. production.(In countless U. dosage.S (topicals).

We caution that our results of operations for the 3 months ended March 31, 2022 and 2021 may not be a sign of our future efficiency, especially due to the continuous COVID-19 pandemic. We are currently unable to assess the supreme impact of the COVID-19 pandemic on our company and our results of operations for future periods. question.(In countless U. order.S. tincture.

An in-depth discussion of our consolidated and section outcomes can be discovered in the 10Q MD&A on the Village Farms website under Financial Reports () within the Investors section. maine. The following table reflects a reconciliation of earnings to Adjusted EBITDA, as presented by the Business: (in countless U - needs.S.

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These procedures take into factor to consider assistance from state and regional government companies as well as the Centers for Disease Control and Prevention and other public health authorities (cultivation). Since May 9, 2022, all of the Business's operations are running generally, however, the level to which COVID-19 and the related international recession affect the Business's organization, results of operations and monetary condition, will depend on future advancements that are extremely uncertain and can not be forecasted, including the scope and period of the pandemic and any healing period, future actions taken by governmental authorities, central banks and other 3rd parties (consisting of brand-new monetary guideline and other regulative reform) in reaction to the pandemic, and the effects on our produce, clients, suppliers and staff members (list).

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