1Q22 Investor Update
PRE-ROLL
1.2.
PRE-ROLL
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SEED & STRAIN
SEED & STRAIN
Suppy-sumpah
40 3008 309 3
THE GOLDEN BOOK OF FULLune Telling
WIERD
Balance
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REVENUE & GROSS MARGIN EXPANSION
From Q1 2020 to Q1 2022, Columbia Care has averaged ~22% sequential
revenue growth and increased Adj. Gross Margin by ~1,500 basis points
$160
$140
$120
$100
$80
$60
$40
$20
$-
31%
$29
36%
$33
39%
$54
42%
$82
Q1 2020 Q2 2020 Q3 2020 Q4 2020
Revenue
40%
$93
43%
Q1 2021
$110
Q2 2021
Adj. Gross Margin
49%
$132
45%
$139
Q3 2021 Q4 2021
46%
$123
Q1 2022
Note: For the first six months of 2021, figures includes Ohio dispensary operations prior to close of the CannAscend transaction.
60%
50%
40%
30%
20%
10%
0%
M
9
Price and cost
discipline led to
positive margin
trend QoQ
Q1 2022 Gross
Profit of $57M
Q1 2022 Gross
Margin of 46%
Columbia Care™View entire presentation