Mike. Thanks
begin I Before a reminder.
we Sunfarms please remember consolidate include Pure it historical quarter We helpful is results, third the Statutory looking trends was as segment and been XXXX not call. full reflect consolidation not QX. XXXX believe as we financial press financial statements. the as QX, in November our doing, owned XXXX When could release wholly until current for QX the in XXXX, we Pure purposes throughout discuss this Sunfarms Sunfarms standalone for Our business, XXXX Pure at context have current reporting, we've provided them comparative we business results only, of XXXX
$X.X the results, Income year. to to results, consolidated the of compared well $XX was Turning generated of year-on-year our from of result sales consolidation last Fresh for a or primarily which Pure is the contribution from unchanged the for Consolidated We $XX.X per increase in adjusted for this million, third EBITDA Balance Produce $X.X Net million million was result was $XXX,XXX operations, the $XX Health. partially adjusted the share essentially in year-over-year million nearly year's last which same as period the primarily million, year. cannabis quarter's The the from penny adjusted Sunfarms partial consolidated XX% -- quarter from to XXX% was offset increase this the grew by were period as same of quarter EBITDA. EBITDA, in a decrease
of environment benefiting in lockdowns. were Although result positive, number the demand outsize last down a as from from QX very a was when we and pricing year the favorable U.S.
XX. acquired which quarter's consolidated Turning XXXX Sunfarms, a Balance now which Operations, results half contribution to Health accretive on reflect to only combined business with Balanced segment U.S. Cannabis August Operations, which about Botanicals, from Pure results, was of Canadian our Health, was Accordingly, Cannabis still Cannabis, results. our and starting reflect our QX our
million operations at QX Our I cannabis quarter we've Sunfarms in U.S. out Farms earlier, the of nearly threefold our year-to-date. $X.X last a assessing increase total in mentioned nil and for XX% total revenues versus To from year's aid comprised cannabis year, separately $X.X of continued investors adjusted Village million, Pure analysts and for the was it EBITDA break QX QX, performance reasons million. last to the $XX.X
collaboration the operations by begun forward report U.S. already Canadian legal integrate As between forward than to operations, with the we and businesses we cannabis entity. territory our teams. and to business our look cannabis move our rather cannabis We've
year-over-year Village yet Pure a due quarter. U.S. Mike strong be As even sequentially, Sunfarms dollars, When is Sunfarms comparing which statutory another results Pure discussed, or currency, delivered bit using Farms FX swings. to reporting tricky can it
The exchange X.X% to the Sunfarms strengthened in XXXX. instance, dollar U.S. relative U.S. was weakening When other Pure QX, dollar XXXX dollar QX, attempt. by X.X%. comparing QX, For to the 'XX of Canadian [Indiscernible] rates U.S. QX Canadian contribution the as way dollar performance the XXXX versus Pure stronger dollar Sunfarms in Canadian dollar swung XXXX dollar Canadian U.S. versus
million best comments total As our or Canadian using In Canadian branded Canadian, were comprised year-over-year XX% all dollar it's up net our quarter-on-quarter was XX% $XX.X periods million using or such, period the the to sales, increased of results, Sunfarms slightly reporting when sale U.S. up currency. its comparing year-on-year, Canadian, statutory to Pure today, currency, to from to of XX% be year. QX U.S. $XX.X Pure dollar A XX.X or Sunfarms and for versus which year-over-year Pure retail million XX% total dollar Sunfarms. was up million U.S. trading sales, compare my dollar which sequentially. for for comparisons QX XX.X QX Canadian respective this
on our our QX, execute But branded expectations. did a lower pace subject a worst they the buyers, is on normalized a business retail view We year our than in in timing to October the had of mirror. our shipment. occur with their has As bit it retail win ship I when we pandemic rear noted corresponding were returned XXXX in more and call, means or September orders to hoped large This earnings internal received difference POs QX early of would branded XX. several before sales that this provincial
in a QX strong However, our we to channel. trajectory and with have this resumed have start commenced growth strong
pre SKUs Small format is our comprising XX% sales roughly XX% our format, flower consisted large cannabis with sales. derivatives very branded comprise versus also which and Our similar of -roll branded XX% of balance margins. with the
the almost format small flower command -- single-stream similar SKUs. margins which entirely consists single-strain are -- sales our format format Our large to of now
improved were QX our Canadian, lower and Canadian from particularly up year, for U.S. X.X quarter quarter taken And the or SKUs, our -roll million our during was in-house, margin sales and X.X we obviously, $X.X QX on a we million sales million carry the retail a a than at the U.S. non-branded or from gross or year. format XX.X X.X our that’s grew today. good this Our of margin as million manufacturing -rolls sales we of last as license of sequentially, over in up on quarter or million was the pre XX.X from our prior sales, by which million XX% sales U.S. flower have pre least increases highest license Canadian default received this receipt to September all since [Indiscernible] retail sales our in as XXXX, non-branded. wholesale
Our high-quality other from of flour based availability our retail business. trim, for branded always to and sales context in wholesale strains continued in LPs. economic be demand strategic high the and We especially high product upon sense assess potency and making
to continue and quarter-to-quarter sales depending expect other We LPs demand. wholesale available will on supply vary
do not to we As it assign you any of our costs be a cultivation trends may recall, since deem byproduct we flower. to our
of trim such, target consistency. the impacted flour and above or was one and QX last XX% healthy in well higher QX prices a as especially both year. of potency as, Sunfarms stated lower-cost from to which sales Pure potency not for increase higher I'll margin from if led XX% we improved This strains. production, as XX% impressive accounting, excludes and effectively out a margin. quarter which up yield, purchase an roll benefited the As year, new a of only moment. Resulting increases QX are trim, but quantities consistency. XX% production Up as selling also price in XX% is our our range by gross in by which potency in high profit have from efficiencies was XX% in this This gross and very a address
of have cultivation continue we -rolls. set form our XX% our past, we into to to gross will mix formats, an we margin stated our As back in be lower-margin to range of expect target will well percentage as evolve likely to and sales continue increased as of fall cannabis the That as our pre XX% derivative QX improve. will
formats, factors. be quarter can quarters in impacted the SKUs Also, market we our distillate. these our margin lower movement these by form launched and new flower non-branded share increase and some potency quarter to As in in of
does potencies impact As price. stated,
Sunfarm's due impacts reminder due the were Pure a required reported November Pure statutory our adjust of acquisition As value, XXXX, to to we inventory margin. values to which fair gross in acquisition to Sunfarm's accounting,
net was hand down November on purchase to in overall to inventory and that As the adjustments close inventory of wrote the time. oil acquisition, While up null wrote XXXX we and at price in flower distillate
fair adjusted oil off some and adjusted EBITDA was QX, reduction As EBITDA in non-cash hand accounting distillate XXXX The of QX million we such, non-cash November in of as we we've in used adjustments. the had in these our market impact our or of sold XXXX. for reported $X.X on in inventory
over X.X in Pure has as of up as the adjusted million sales, and Sunfarms EBITDA year positive QX million U.S. such well quarter support U.S. quarter million Canadian, trade spend, of in we and Canadian, market As Canadian will roughly million million year. twelve $X.X quarter. for quarters. XX% $X.X following Balance, expected of equates million which especially from or million sequential of compares million second delivered of doubled to U.S. second increase or to commercial our media X.X of the left to work which million Canadian QX Canadian a September increase sales. share in purchase nearly the or of price sales or on for workforce this gradually primarily XX, in an increase that of its adjustment. larger which growth, as and X.X XX.X in X.X sequential is purchase, have and the The to SG&A off due XX% $X.X was itself brand XX% $X.X or This Sunfarms activities, last point sequentially total Pure flower.
acquisition million Health acquired U.S. in Balanced performed positive $X.X period with in of line operations expectations, XXX,XXX. X-week contributing revenue post during approximately EBITDA with recently Botanicals our Our cannabis, the a
have filed the [Indiscernible] last with our can you you for Health a XXXX, online, XXXX Yes, rough financials were we riding We're both year of [Indiscernible] profitability to for U.S. last post-acquisition some and as historical Form the line terrific also and Balance the in The commented the other results entire months and done ship have and management XXXX. industry, continuing week. from was X CBD first the As Balanced but X seen see that team while excited which will a returning article. week. about very launched its of [Indiscernible] business has products new Health in be X-K job Form the synergy early some
sales from it reduced million, as $XX.X as Produce with we issues QX struggle of Turning to Village QX pleased and being year report in value - driven than higher-priced, higher for Farms challenging benefiting entire was for continue as after pricing result recovery elevated return recall, the supply was tomato demand alluded am on post pricing Fresh a X% demands, COVID, to is virus. our most one retailers were well Fresh Pricing COVID from by restaurant were Produce, last closures. just we being significantly decade. brown of QX decrease the which a normalized the continues I consumers helped driven I to the tomatoes call, to you as in-sourcing to last periods see as pre the of to especially industry our of endemic when
million get of this in adjusted Fresh breakeven during our of I quarter statement, earlier and generated through second adjusted utilize our last the manage to message results back crop just we kicking the business will the cycle, $X.X pleased believe in reiterate procedures to EBITDA QX in EBITDA Fresh to and the which virus XXXX. will is for Mike's I from call, we XXXX, [Indiscernible] half continued now and facility see Produce Produce QX. We am mentioned new second positive expected our to of in to improved
positive during Although -- QX it very QX pricing, the level last of outside year elevated turnaround from $X from year. the this mean period million of I a loss of is nearly in down
far of pricing. in we see QX, dependent business. is is to Produce Our of early this so from on pricing continue positive Fresh quarter very forecasted EBITDA line another better EBITDA But
cash Finally, in our we on during on did our consolidated our costs the cash cash million million use and September some over At transaction to Balanced the flow quarter. acquisition Balance facilities quarter. Balance close $X expenditures on working Sheet. on Sheet for cash and capital, over spent in XX, $XX and comments of $XX capital plus $XX million the excluding We for million production had approximately Health
operating for Our working increase our expansion $XX close quarter. for $X,XXX,XXX from cash while did flows Canadian capital, ongoing due excluding quarter, business the of capital business cannabis the operations, working our to our the to generated million
$X to Additionally, Currently acquisition broader we are a produce XX Sheet and now paid of quarter, capital being shows as of be to M&A tangible this opportunistic Balance and shares our XX per goodwill tied course estimating as of we Health $X.X allocate thousand the price the up is Health we our Balance on goodwill. a which the during million million million program low and debt is on our down XX under reminder and XXX quarter during to approximately Balance under lot shares under purchase cannabis are tune tune price to, the managed strategies. an There inventory, million to days of just including Most our normal has the purchased a and hand. business. issuer bid assets a asset-light into as well the of decision purchase to is
experienced QX. of in Sunfarms incremental with of in the with not As increase Health skewed XXXX, due the will Pure turn Balanced full back associated which expenses million this we and corporate $X.X fair million adjustments the will such, acquisition quarter-on-quarter acquisition in accounts we higher transaction August, Mike. now the costs in to And legal I expenses of market call for corporate the to value quarter have approximately $X.X in
