1Q22 Investor Update
FIRST QUARTER 2022 FINANCIAL HIGHLIGHTS
Robust growth on year-over-year basis
Gross Profit of
$56.6M
Gross Margin of
46.0%
1)
2)
Revenue of
$123.1M
43% YoY
growth
2022 Outlook (2)
Revenue:
$625M - $675M
Adj. EBITDA:
$120M $135M
At this time, Columbia Care's 2022 outlook
does not include any contribution from future
acquisitions, nor does it assume any additional
changes in the regulatory environment in
markets where Columbia Care currently
operates. This also excludes potential future
market changes where a conversion from
medical only to adult use is under
consideration by a governor and/or legislature.
-
68% YoY
growth (¹)
Reaffirming 2022 FY Outlook
Annual Revenue Growth
Gross Margin
42%
$39.3
2018A
27%
676bps YoY
increase(¹)
$77.5
2019A
130%
CAGR
2018-2021
38%
$197.9
2020A
45%
$474M
2021A
Adj. EBITDA of
$16.8M
348% YoY
growth
$625-675M
2022E
Comparison to Adjusted Gross Profit and Adjusted Gross Margin in Q1 2021, both non-GAAP figures
As of May 16, 2022. See the "2022 Outlook" section in the Company's Earnings Release dated May 16, 2022 for further details as well as "Financial Highlights" and
"Caution Concerning Forward-Looking Statements" provided elsewhere in this presentation
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