2 3 4 Q3 net - - PowerPoint PPT Presentation

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2 3 4 Q3 net - - PowerPoint PPT Presentation

2 3 4 Q3 net revenue from: Q3 adjusted gross margin impacted by Q3 marks fourth quarter in a row of higher production costs, temporary 3,926 kg of dried


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  • Q3 net revenue from:
  • 3,926 kg of dried flower and 5,090

L of oil sold

  • $21.8M in adult-use rec sales and

$2.8M in medical sales1

  • Q3 adjusted gross margin impacted by

higher production costs, temporary decline in yields and write-offs of legacy packaging

  • Yields have returned to previous levels in

Q4 2019

  • Q3 marks fourth quarter in a row of

positive adjusted EBITDA

  • Q3 SG&A3 at 37% of net revenue
  • Q3 net loss of $10.2M or $0.068 per

share (fully diluted) largely due to FV changes to bio assets and inventory

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Pre-rolls 7% & other

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10 1 QUICK TAKE - Cannabis - Cowen's THC Tracker: U.S. Brands - Cowen and Company, March 29, 2019

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Pre-rolls 7% & other

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  • CANADIAN, US and INTERNATIONAL MARKETS

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