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Acreage Holdings press release ( OTCQX:ACRHF ): Net loss attributable to Acreage for Q1 2023 was $(14.6) million, compared to $(12.7) million in Q1 2022.
Adjusted EBITDA was $10.6 million and Adjusted EBITDA as a percentage of consolidated revenue was 19% for Q1 2023.
Q1 Gross margin was 48% for Q1 2023, an increase from 35% in the fourth quarter of 2022 ("Q4 2022"). Excluding the impact of non-cash inventory adjustments, gross margin for Q1 2023 was 51%.