1Q21 Investor Update
ADJ. EBITDA RECONCILIATION (US GAAP)
Period
($USD)
Income (loss) from operations
Incremental costs to acquire cannabis inventory in business combination
Interest
Depreciation and amortization
Acquisition costs
Share-based compensation, non-cash
Start-up costs ¹1
Other²
Adjusted EBITDA
Three Months Ended June 30,
2021
(24,880,784)
26,596,051
212,666
14,587,557
1,284,607
7,151,806
1.350,226
1,121,999
52,304.912
27,424,128
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 adjustments made to exclude the impact of non-recurring items
2020
(5,437,912)
123,590
4,049,386
368,929
9,103,459
239,352
13,884,716
8,446,804
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