IMO, this is probably the most telling snap shot of SHWZ for 2021. Lot of great info and smaller snippets but this captivates everything condensed for this year in one paragraph as is.
New guidance as follows:
Projected revenue of approximately $110 million to $125 million; and
Projected adjusted EBITDA, a non-GAAP measure, of approximately $30 million to $36
million.
The Company remains optimistic regarding the full year based upon reported results to date,
the completion of the Star Bud acquisition and the integration of the Mesa Organics and Star
Bud dispensaries which is proceeding above expectations.
Adjusted EBITDA represents income (loss) from operations, as reported, before tax,
adjusted to exclude non-recurring items, other non-cash items, including stock-based
compensation expense, depreciation and amortization, and further adjusted to remove
acquisition related costs, and other one-time expenses, such as severance. The Company
uses adjusted EBITDA as it believes it better explains the results of its core business. The
Company has not reconciled guidance for adjusted EBITDA to the corresponding GAAP
financial measure because it cannot provide guidance for the various reconciling items. The
Company is unable to provide guidance for these reconciling items because it cannot
determine their probable significance, as certain items are outside of its control and cannot
be reasonably predicted. Accordingly, a reconciliation to the corresponding GAAP financial
measure is not available without unreasonable effort.
