RE:RE:Adjusted ebitda Insurance
Insurance expense for the three months ended August 31, 2021 increased to $1,446 compared to $355 in the same period of fiscal 2020. The increase is a result of increased costs in D&O coverage due to the newly completed entry into the United States market and the NASDAQ application process. In addition, the development of the K2, Pommies, LYF, and Green Roads facilities requires additional coverage and higher limits plus additional product insurance.
lscfa wrote:
i guess the insurance expense associated with Nasdaq is not a one time thing....
lscfa wrote: It's suppose to back out one time costs so why the hell not for Nasdaq lisitng prep?
- The reduction in adjusted EBITDA can be attributed to the Company's strategic transition (as discussed above) and insurance costs related to Valens application to list on the Nasdaq.