Investor Presentation
adj. ebitda reconciliation
AR
Income (loss) from operations
Incremental costs to acquire cannabis inventory in
business combination
Interest
Depreciation and amortization
Acquisition costs
period
Share-based compensation, non-cash
Start-up costs¹
Other²
Adjusted EBITDA
All amounts in USD
2022
(21,126,100)
2,518,636
480,006
21,240,131
1,450,969
10,360,830
2,649,438
1,922,818
38,104,192
19,496,728
three months ended march 31
1) These are set-up costs to prepare a location for its intended use. Start-up costs are expensed as incurred and are not indicative of ongoing operations
2) Other non-operating adjustments associated with non-core costs
CSE:AYR.A | OTC:AYRWF
2021
(8,368,167)
5,792,389
244,286
7,476,106
3,136,976
8,223,545
1,622,959
285,955
20,989,827
18,414,049
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