Year of Notable Growth & Expanding Footprint
YEAR OF NOTABLE GROWTH ACROSS KEY METRICS
2022 YE
3/12/24
35(3)
Open Dispensaries
24
% Retail Revenue
from AWH
Manufactured
Products
44%
49%
Lbs Sold
Medical States
68,000
PA, OH
146,000
PA, OH(4)
Recreational States
NJ, MI, MA, IL
MD, NJ, MI, MA, IL
Cash from
Operations
Negative
4Q23: $16.7M
Free Cash Flow
Negative
(1) Net revenue excludes revenue from intercompany sales.
(2) Please see appendix of this presentation for reconciliation of "non-GAAP" to "GAAP" measures.
4Q23: $8.4M
Net Revenue (1)
US$ Millions
$406
2022
Adj. EBITDA (2)
US$ Millions
+28%
$519
2023
AWH
+14%
$107
$93
2022
(3) Includes Cincinnati, Ohio store which opened subsequent to year end. AWH is under definitive agreement to acquire 3 Ohio dispensaries and 2 Illinois dispensaries. Acquisitions are subject to regulatory approvals.
(4) Ohio voters approved adult-use on the November 2023 ballot. The rules and regulations are being finalized. We expect adult-use sales will begin in Q3 2024.
2023
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