customers of highly for to relentless persisting with the challenges by competitive and period team Mexico. to appreciation commitment in our first like I'd another of Colorado making to quarter We Justin. begin the revenue competitive continuing country. winning and the growth over while leadership, markets the both saying the delivered their most in X and Schwazze Thanks, retail execution my New in
the promotional improving in-stock loyalty program our advancing assortment, new our and efforts sharpen position to our to retain and continued and attract customers. our we quarter, enhancing while widening the in-store experience, During pricing
growth our while surpassing states. with both XX% We quarter-over-quarter also wholesale door across strengthened total penetration business
Colorado. Moving into our markets, starting with
with delivering integrated As underscoring licenses, of experience exceptional Retail Colorado more Justin importance program. remains pricing has stabilized. recently competitive than retail customer active mentioned, and XXX highly the the market an recreational fully support
quarter the XX% lower first in cannabis were to due statewide year-over-year down However, volumes.
generating share in once market. growth the expect we the to our customer continue sales and state. market With drive acquisition, loyalty operating X% improvements and durability the to retention further driving year-over-year in of again outpaced public,
market clean and the wholesale Colorado an consecutive for are at to holding From stabilize pricing wholesale standpoint, a average AMR $XXX has continued of price with per cultivation hard pound flower quarter. in third licenses approximately to
Our in wholesale growth XX% in X. now sales Colorado to total penetration are our as increased of state, during the to quarter doors XX% contributing quarter quarter-over-quarter approximately in we XXX doors in the
with to grow. Farms #X from be in pre-roll are the Lowell Our than early and from momentum map licensed pre-roll the Farms, brand, continues year. of increased launch thrilled about wholesale state. the new excited product the quarter-over-quarter our needs to catalog where in it Xx more Lowell Sales our for Colorado, road the We're remainder
Mexico. New Moving on to
growth a while to sales as grew quarter XX% XX% license store continued increase, in [ as X only outpace of count grew the year to locations March New cannabis retail state the more XX, XXX ] during than market period. same
a store our flower with all We and traffic of sequential customers offering by selection broader are high-quality products driving in patients improvements at tiers.
strategy sharpen in we've experience Additionally, to and we in-store recent exiting see promotional quarter continue momentum to pricing weeks. the and well as enhancing begun as the positive our and
relative market maintaining pricing We to exceptional will the monitor high while our our for competitively positioned to standards closely and service. in ensure peers continue we're quality to
state. more Mexico year-over-year From sales than a basis, wholesale across to the doors standpoint, increasing on penetration New XXX a we while in doubled
we'll road expanding and progress with market in our quarter. wholesale We was sales early also our continue Mexico Mexico capitalize the wholesale quarters. with more made from new map New up fourth new product promising are signs than on which of opportunity coming into Wana, catalog, our the Xx The in expansion to
demographic. opening we Cruces, Mexico. now In March, announced Apothecary the have and this addition, a banners, we under each of Everest recreational XX serving between unique state the Everest stores medical a the in With banner our grand Greenleaf the and Las New across customer dispensary
both We customers are patients to and to wide products our opportunity high-quality have proud and service. serve customer Cruces with Las assortment the exceptional of and the
regulatory Beacon report in in The Securities closure X support the store the with month-over-month grow on record. Mexico market closures rate front, quarter in in first openings net by ] believe time XXXX the dispensary encouraged enforcement will X quarter [ and saw Control to first this April, New XX its new from last decrease count years Mexico we We second of it in illicit the increasing trend to state are develops of highest 'XX had a On framework. of compared year regulatory division. in state quarter the XXXX. by and this for New Cannabis per And XX the the continue as will with
wholesale data from supply continue [ inventory the and which closely in to By manufacturing cost leveraging more to cultivation to demand and states, working grow demand, optimizing enable will the manufacturing productively quality and both and and focus Guard capital. our operations we chain sales are our we stores rightsize and chain more efficiently team, operations. us utilize ] consumer our of our supply aligning on
chain-wide we have yield Mexico, and facility on While making consolidation synergy progress still are efficiency. in opportunities we quality, New overhead with
in we've Mexico. Colorado scaled retail acquisitions, and both footprint rapidly through Since entering New in XXXX, our first cannabis footprint XX building market leading our a
asset We optimizing and of manufacturing output on focused the operating to retail, our narrowly while our needs maximizing are operations. drive cultivation now agencies
and will this with months, cultivation better eliminate longer These us through work underperforming expectation. stores the long-term optimization facilities our look we profitability that consolidate and providing to sustainable cycle. growth. we forward updates We align Over plan to efforts no for position coming high-margin as
the primarily to Mexico in higher medical first the sales SG&A $XX.X and additional Colorado. or primarily total Mexico. Mexico gross licenses New as decrease with quickly partially due million compared Total Colorado and and was stores driven of increased stores, new X% last year. driven $XX.X million, XXXX $XX.X X from proliferation by was period New on by quarter of million our by XX full or costs to aforementioned for as million margin the continued QX in with for were total ] associated the in are personnel ago quarter in expenses $XX.X mix million profit XX% expenses quarter still to to growth that pricing XXXX New the pressure [ in revenue the well Let's pressure XX% the revenue The in of of new year ramping. compared touch the Operating offset increase primarily results. wall Gross pricing financial in revenue $XX.X
Loss from XX% margin ramping. XX to was with compared to are $X.X by associated primarily quarter expenses or year. operations higher driven $X.X additional or of million that the decrease year operations still gross lower EBITDA million operating XX% X revenue the income $X.X XXXX last million from $XX.X Adjusted last with and million in compared revenue was of stores
XXXX. XX, stood equivalents at and March XXXX, million of March cash cash debt As total million, $XXX.X XX, $XX.X from were
retail our we while sharpen delivering expanding focused of enhance the to continue service on will in customer states. with both points differentiation high-quality we promotional ahead, wholesale efforts, Looking right penetration pricing assortment and as exceptional
while driving optimizing unlock base. operating capital are further working efficiency also We and to our EBITDA asset
We wisely our margins rigorous to cost will and protect profitability forward sunset measures, levels high are narrowing as organization, we of reinvestment. implementing expertise to a and retail focus better forward. our capital leveraging underperforming beginning our rationalizing to we By and return vertical strong to position its operations stores Schwazze return resources and moving preserve for operational believe
our Q&A. Sean, who open concludes call it to to like now prepared That for the back remarks. pass I'd will
