Investor Presentation
Appendix - Reconciliation of Non-GAAP Measures
The table below reconciles Gross Profit and Adjusted Gross Profit for the quarters
ended December 31, 2022, September 30, 2022, and December 31, 2021.
(in millions of U.S. Dollars)
Revenue, net
Gross profit
Add the impact of:
Relief of fair value of inventory upon acquisition
Non-cash write downs of inventory
Vape recall
Other one-time adjustments to gross profit
Adjusted Gross Profit
Adjusted Gross Profit Margin %
4 TERRASCEND
CSE: TER | OTCQX: TRSSF)
For the Three Months Ended
September 30,
2022
December 31,
2021
45,947
22,551
1,735
24,286
52.9%
66,243
31,131
415
107
31,653
47.8%
December 31,
2022
69,041
30,798
453
31,251
45.3%
For the Year Ended
December 31, December 31,
2021
2022
194,210
112,502
3,465
449
116,416
59.9%
247,829
101,504
2,770
5,894
2,965
798
113,931
46.0%
P.29View entire presentation