Earnings out - on the right track - as we all suspected Maintains market position and records third consecutive quarter of positive EBITDA
2021 Third Quarter Highlights:
Positive Adjusted EBITDA 1 of $0.5 million
Consolidated net revenue of $13.6 million
64 active SKUs as at quarter end, 9 new products introduced in Q3, with presence in all 10 provinces
Maintains a strong liquidity position, including a cash balance of $65.5 million including net proceeds of $45.2 million from the unit offerings in Q3 2021
Subsequent to quarter-end:
Entered into an arrangement agreement with Canopy Growth Corporation ("Canopy"), pursuant to which all of the issued and outstanding common shares (the "Supreme Cannabis Shares") of the Company will be acquired by Canopy, with the Company's shareholders receiving (i) 0.01165872 of a common share of Canopy, and (ii) $0.0001 in cash for each share of the Company held.