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weedisgreen

02/10/22 8:42 PM

#69353 RE: player1234 #69352

Global cannabis net revenue of $60.6 Million
Adjusted EBITDA improved by 22% to a loss of $9.0 Million versus Q1 2022
Company reaffirms goal of adjusted EBITDA profitability by H1/2023
Transformation plan ahead of schedule; company now expects to realize upper end of $60 to $80 Million range in total cost savings by H1/2023; ~$60 million annualized savings implemented to date
Company remains #1 Canadian LP in global medical cannabis; international cannabis revenue increased 24% from Q1 2022
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weedisgreen

02/10/22 10:18 PM

#69356 RE: player1234 #69352

I just listened to the cc again. The plan is working, the new brands coming out this spring are based off their brand which is both profitable and growing. 80m vs 60m is huge. I think we end green tomorrow. Guess we find out soon!