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Vibe Reports 2022 Financial Results

Vibe Reports 2022 Financial Results

Vibe 報告 2022 年財務業績
newsfile ·  2023/05/02 09:46

Sacramento, California--(Newsfile Corp. - May 1, 2023) - Vibe Growth Corporation (CSE: VIBE) (OTCQX: VIBEF) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce its financial results for the 2022 fiscal year. All financial information is provided in U.S. dollars unless otherwise indicated. The Consolidated Financial Statements and Management Discussion and Analysis ("MD&A") for the year ended December 31, 2022, are available on the Company's SEDAR profile at and Vibe's website at .

加利福尼亞州薩克拉門託-(Newsfile Corp.-2023年5月1日)-Vibe Growth Corporation(CSE:氛圍)(OTCQX:VIBEF)(“公司“或”氛圍),一家垂直整合的加州大麻企業,很高興宣佈其2022財年的財務業績。除非另有說明,所有財務資訊都以美元提供。截至2022年12月31日的年度綜合財務報表和管理層討論與分析(MD&A)可在公司的SEDAR簡介和Vibe的網站上查閱。

Vibe CEO Mark Waldron commented, "Over the year, we've seen state-wide pricing trends decrease, increased competition from the illicit market, and the overall economic environment impacted revenue. At Vibe, we are focused on increasing profitability and preserving capital. We've implemented numerous strategic initiatives to increase our gross margins through vertical integration and reviewing vendor relationships, which will be realized in the second half of 2023. Even though our 2022 operational results are disappointing, we've had numerous accomplishments with increased efficiencies, quality, and yields at our cultivation operations and rolling out the rebranded Hype products."

VIBE首席執行官梅克·沃爾德隆表示:“過去一年裡,我們看到全州範圍內的價格趨勢有所下降,來自非法市場的競爭加劇,整體經濟環境影響了收入。在VIBE,我們專注於提高盈利能力和保存資本。我們已經實施了許多戰略舉措,通過垂直整合和審查供應商關係來提高毛利率,這將在2023年下半年實現。儘管我們2022年的運營結果令人失望,但我們在種植業務和推出重新命名的宣傳產品方面取得了許多成就,提高了效率、質量和產量。”

"Vibe is positioned to withstand the current storm, stabilize operational cash flow, and acquire accretive private assets. I believe that Vibe will be a California cannabis success once the market tumult subsides. It has been reported that the legitimate California cultivation market lost approximately 25% of its growing area in 2022, resulting in a tightening of supply and a wholesale price recovery. The tightening of the legal market supply bodes well for our vertical integration strategy. Still, the State Government and law enforcement have to do more to curb the supply from the illicit market," added Waldron.

Waldron補充道:“Vibe有能力經受住當前的風暴,穩定運營現金流,並獲得增值的私人資產。我相信,一旦市場動盪平息,Vibe將在加州取得成功。據報道,加州合法種植市場在2022年失去了約25%的種植面積,導致供應收緊和批發價回升。合法市場供應的收緊對我們的垂直整合戰略來說是個好兆頭。儘管如此,州政府和執法部門仍需採取更多措施遏制非法市場的供應,”Waldron補充道。

2022 Highlights

2022年亮點

  • Cash: Position as of December 31, 2022, was $4,546,259
  • Dispensary Sales: Dispensary sales for the three and twelve months ended December 31, 2022, were $4,666,820 and $20,706,808, respectively, compared to the comparative 2021 period sales of $6,315,811 and $29,287,569.
  • Average Basket Size: The average dispensary basket size, net of taxes, for the respective three and twelve-month periods ended December 31, 2022, were $44.30 and $47.16, compared to the same periods in 2021 of $51.01 and $50.47.
  • E-commerce: In 2022, 17.2% of the Company's orders came through its e-commerce platforms compared to 21.5% in the Comparative 2021 period.
  • New Dispensaries: On March 11, 2022, the Company opened its fifth California dispensary in Ukiah. The Ukiah dispensary is located at 441 State St. N, Ukiah, and on July 14, 2022, Vibe opened its sixth California dispensary in Salinas. The Salinas dispensary is located at 1031 El Camino Real, Salinas.
  • Rebranded Hype Product Line: Following a period of discovery and consumer research, the Company successfully rolled out the rebranded and expanded Hype Product line with new designs and packaging. As well as developing the new brand identity and packaging design, Vibe has also focused on improving its traditional, online, and social media marketing efforts to support Hype's new look. The Company has implemented marketing initiatives such as improvements to Vibe's website and online store, creative social media campaigns, and increased traditional and digital advertising.
  • 現金:截至2022年12月31日的持倉量為4,546,259美元
  • 藥房銷售: 截至2022年12月31日的3個月和12個月的藥房銷售額分別為4,666,820美元和20,706,808美元,而2021年同期的銷售額分別為6,315,811美元和29,287,569美元。
  • 平均籃子大小:在截至2022年12月31日的三個月和十二個月期間,扣除稅收後的平均藥房籃子大小分別為44.30美元和47.16美元,而2021年同期分別為51.01美元和50.47美元。
  • 電子商務2022年,該公司17.2%的訂單來自其電子商務平臺,而2021年同期為21.5%。
  • 新藥房:2022年3月11日,該公司在尤凱亞開設了其在加州的第五家藥房。Ukiah藥房位於Ukiah的State St.N 441,2022年7月14日,Vibe在薩利納斯開設了它的第六家加州藥房。Salinas藥房位於Salinas El Camino Real 1031號。
  • 更名的炒作產品線:經過一段時間的發現和消費者研究,該公司成功地推出了新的設計和包裝的更名和擴展的炒作產品線。除了開發新的品牌標識和包裝設計外,Vibe還專注於改進其傳統、在線和社交媒體營銷努力,以支持Hype的新面貌。該公司實施了營銷計劃,如改進Vibe的網站和在線商店,創意社交媒體活動,以及增加傳統和數字廣告。

Financial Highlights

財務亮點

The Company's key financial results for the three and twelve months ended December 31, 2022, and 2021 are as follows:

公司截至2022年12月31日和2021年12月31日的三個月和十二個月的主要財務業績如下:

U.S. Dollars
For the three months ended December 31, 2022

For the three months ended
December 31, 2021


For the year
months ended December 31, 2022


For the year
ended
December 31, 2021

Total revenue(a) $ 4,666,820
$ 6,315,811
$ 20,706,808
$ 29,287,569
Gross margin $ 702,301
$ 1,453,206
$ 6,493,663
$ 8,421,564
Adjusted Gross Margin(b) $ 839,229
$ 1,621,139
$ 7,003,216
$ 9,138,973
Adjusted Gross Margin(b)
18.0%

25.7%

33.8%

31.2%
Goodwill impairment $ 3,321,465
$ 1,595,694
$ 3,321,465
$ 1,595,694
Net loss $ 6,675,212
$ 3,340,001
$ 9,450,254
$ 4,298,739
EBITDA(a) $ (2,694,068 ) $ (969,335 ) $ (3,065,303 ) $ 485,817
Adjusted EBITDA(a) $ (2,706,964 ) $ 73,125
$ (3,454,434 ) $ 2,308,864
美元
截至2022年12月31日的三個月

截至以下三個月
2021年12月31日


這一年的
截至2022年12月31日的月份


這一年的
告一段落
2021年12月31日

總收入(A) $ 4666,820
$ 6,315,811
$ 20,706,808
$ 29,287,569
毛利率 $ 702,301
$ 1453,206
$ 6493,663
$ 8,421,564
調整後的毛利率(B) $ 839,229
$ 1,621,139
$ 7003216
$ 9,138,973
調整後的毛利率(B)
18.0%

25.7%

33.8%

31.2%
商譽減值 $ 3321,465
$ 1595,694
$ 3321,465
$ 1595,694
淨虧損 $ 6675,212
$ 3340,001
$ 9,450,254
$ 4,298,739
EBITDA(A) $ (2694,068 ) $ (969,335 ) $ (3,065,303 ) $ 485,817
調整後的EBITDA(A) $ (2706964) ) $ 73,125
$ (3454,434 ) $ 2,308,864

Special Note Regarding non-GAAP Financial Measures
(a) This is a non-GAAP measure. Readers are cautioned that the amounts presented do not have standardized meanings prescribed by IFRS. See the discussion of non-IFRS Measures in the MD&A for reconciliation to measures reported in the Company's consolidated financial statements.
(b)Excludes changes in the fair value of biological assets.

關於非公認會計準則財務指標的特別說明
(A)這是一項非公認會計準則的措施。請讀者注意,列報的金額沒有國際財務報告準則所規定的標準含義。請參閱MD&A中關於非IFRS措施的討論,以與公司合併財務報表中報告的措施進行對賬。
(B)不包括生物資產公允價值的變動。

About Vibe Growth Corporation

關於Vibe Growth公司

Vibe Growth Corporation and its cannabis retail brand, Vibe By California, is a trusted, vertically integrated California cannabis enterprise with retail dispensaries; cannabis greenhouse cultivation; premium indoor cultivation; commercial cannabis distribution; brand sales and marketing; e-commerce platform; home delivery; and Hype Cannabis Co. marijuana and Vibe CBD products. In California, Vibe is focused on maximizing shareholder value through accelerating organic growth, opportunistic acquisitions, distressed workouts, and new license applications. The Company operates retail and e-commerce under its iconic Vibe By California brand.

Vibe Growth Corporation及其大麻零售品牌Vibe by California是一家值得信賴的垂直整合的加州大麻企業,擁有零售藥房、大麻溫室種植、優質室內種植、商業大麻分銷、品牌銷售和營銷、電子商務平臺、送貨上門以及炒作大麻公司大麻和Vibe CBD產品。在加利福尼亞州,Vibe專注於通過加速有機增長、機會性收購、困境解決方案和新的許可證申請來實現股東價值最大化。該公司以其標誌性的Vibe by California品牌經營零售和電子商務。

To learn more about Vibe, please visit:

要了解有關Vibe的更多資訊,請訪問:

Company Contact

公司聯繫人

Bill Mitoulas
Phone: +1 416.479.9547
Email: ir@vibebycalifornia.com
Website:

比爾·米圖拉斯
電話:+1 416.479.9547
電子郵件:ir@vibebyCalifornia.com
網站:

Cautionary Note Regarding Product & Forward-Looking Information

有關產品和前瞻性資訊的注意事項

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performances. The use of any of the words "anticipate," "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions or statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties' current belief or assumptions as to the outcome and timing of such future events, and maybe impacted as a result of general economic conditions. In this news release, forward-looking statements relate to, among other things, the Company's expectations of revenue, EBITDA profitability and adjusted funds flow, higher sales volumes, and the Company's retail operations. Actual future results may differ materially.

本新聞稿中包含的某些陳述屬於前瞻性資訊。這些陳述與未來的活動或未來的表演有關。使用“預期”、“可能”、“打算”、“預期”、“相信”、“將會”、“預計”、“估計”以及與非歷史事實有關的類似表述或陳述,旨在識別前瞻性資訊,並基於當事人目前對此類未來事件的結果和時機的信念或假設,可能會受到一般經濟狀況的影響。在本新聞稿中,前瞻性陳述涉及公司對收入的預期、EBITDA盈利能力和調整後的資金流、更高的銷售額以及公司的零售業務。未來的實際結果可能會有很大不同。

The forward-looking information contained in this release is made as of the date hereof, and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. Risk factors related to the Company are described in the Company's Management Discussion and Analysis, a copy of which is available under the Company's profile on SEDAR.

本新聞稿中包含的前瞻性資訊是截至本文發佈之日的,除非適用的證券法要求,否則雙方沒有義務更新或修改任何前瞻性資訊,無論是由於新資訊、未來事件或其他原因。由於本文包含的風險、不確定性和假設,投資者不應過度依賴前瞻性資訊。上述陳述明確表示,本文中包含的任何前瞻性資訊都是合格的。與公司相關的風險因素在公司管理層討論和分析中進行了描述,其副本可在SEDAR上的公司簡介下獲得。

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any State securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

本新聞稿不構成在美國出售或邀請購買任何證券的要約。這些證券沒有也不會根據修訂後的《1933年美國證券法》(以下簡稱《美國證券法》)或任何州證券法進行登記,除非根據《美國證券法》和適用的州證券法登記或獲得此類登記豁免,否則不得在美國境內或向美國公民發行或出售證券。不得分發給美國新聞通訊社或在美國境內傳播。任何不遵守這一限制的行為都可能構成對美國證券法的違反。

Unlike in Canada, which has Federal legislation uniformly governing the cultivation, distribution, sale, and possession of medical cannabis under the Cannabis Act (Federal), readers are cautioned that in the U.S., cannabis is largely regulated at the State level. To the knowledge of Vibe Growth Corporation, there are, to date, a total of 33 states, plus the District of Columbia, that have legalized cannabis in some form. Notwithstanding the permissive regulatory environment of medical cannabis at the State level, cannabis continues to be categorized as a controlled substance under the Controlled Substances Act in the U.S., and as such, cannabis-related practices or activities, including, without limitation, the manufacture, importation, possession, use or distribution of cannabis are illegal under U.S. federal law. Strict compliance with state laws concerning cannabis will neither absolve Vibe of liability under the U.S. Federal law nor will it provide a defense to any Federal proceeding which may be brought against Vibe Growth Corporation. Any such proceedings brought against Vibe may adversely affect its operations and financial performance.

與加拿大不同的是,加拿大的聯盟立法根據《大麻法案》(Federal)統一管理醫用大麻的種植、分銷、銷售和擁有,讀者需要注意的是,在美國,大麻在很大程度上受到州一級的監管。據Vibe Growth Corporation瞭解,到目前為止,總共有33個州,加上哥倫比亞特區,以某種形式將大麻合法化。儘管在州一級對醫用大麻實行寬鬆的監管環境,但根據美國《管制物質法》,大麻仍被歸類為受控物質,因此,根據美國聯盟法律,與大麻有關的做法或活動,包括但不限於製造、進口、擁有、使用或分銷大麻,都是非法的。嚴格遵守有關大麻的州法律既不會免除Vibe在美國聯盟法律下的責任,也不會為可能對Vibe Growth Corporation提起的任何聯盟訴訟提供辯護。對Vibe提起的任何此類訴訟都可能對其運營和財務業績產生不利影響。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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