Get Real Adjusted EBITDA from cannabis operations was a loss of $11.3 million for the three months ended March 31, 2020 compared to a loss of $5.5 million for the three months ended March 31, 2019. The increase loss was due to the following:
Increase in cost of sales due to an increase in kilogram equivalents sold
Increase in general and administrative expenses due to increases in salary and wages, office and general and professional fees
Increase in sales and marketing expense due to general marketing expenses
Translation: The more kgs sold = The greater the loss. Hardly a winning model and material uncertainty!