Perfect. Hadley. Thank you,
like press and SEDAR, and on to our detailed uploaded financial MD&A our our through results. everyone highlights, a and financial also out our I release statements we’ve some point with all are that quarter’s provided our walk I would website Before operational of on
ago. increased XX quarter September assets Third asset to the increase is at highlights, XXXX, some $XXX million XX, which XXXX, base XXX% a our of months from
not QX. MPX from transaction, from Company the including anticipated revenues company company due the New approximately revenues the certain at showed the iAnthus’ in my were million and Colorado $X.X to our New The Mexico minority revenues, System-wide Colorado. quarter. Consolidated third in XXX% consolidated ownership grow in million. Mexico in in XX% from $X.X to QX, increase by to QX. million closing for $XXX $X.X from present significant investments and you Mexico, quarter-over-quarter up and regulatory revenues revenue New $XXX,XXX well QX base asset Colorado, a over and are our unaudited the during restrictions growth System-wide in increased into With will quarter-over-quarter in see of
However, develop confident it iAnthus’ it mention markets licensed important states New iAnthus’ is platform of as and Florida footprint greenfield I as like believe shows in cannabis such competitive national and in intention as states Colorado. revenue both of operations. a Mexico more as types system-wide be to competitive reaffirms to its our in in to Massachusetts well and and our mature ability
our and our million. The $X.X expenses loss were $XX adjustments, after the adjustments net ended ensuring Our approximately and were specific for transparency for our quarter operating non-cash I quarter for for expenses XXXX has loss the $X.X operating approximately $X.X three strengthen The as XX, items. months pointed it to after was net like approximately a the Company would million the Hadley million. was million also non-cash few continued investors. out balance sheet that call its September to
promissory During shares iAnthus elected the X.XX right convert for these convertible conversions. shares quarter, million and debentures common for of the to its were issued issue repayment convertible outstanding. its the notes outstanding early
$XX financing. share. at On a long-term May US$X.XX the Gotham a only be May bought As The instrument a prices restricted one Partners instrument X converted is as of has deal conversion of XXXX This Company XXXX of convertible October to common company for outstanding million of Green XXXX, million. currently another approximately closed offering XX, result, the the aggregate million debt approximately eligible from million an shares cash. balance as cash CAD$X.XX US$X.X gross well its is million proceeds at CAD$XX.X company’s US$XX.X in
As US$X.XX. of the will all count receive basic at outstanding, basic for share in money approximately forma transaction, now, and all US$XX.X put approximately count MPX The we which $XX.X has company $XXX converted. would approximately from XX, company approximately warrants diluted have exercise. Right all million our of XXX is with almost if million. balance $XX to and XXX XX million prices share the the our those strike ranging Pro total million outstanding diluted were US$X.XX shares. November shares were million our million cash is This are warrants million if would of currently
would by I a into the transaction. I detailed on Before provide MPX start short overview, more update market to a dive to like market
operators each Bioceutical MPX, of of excluding largest to be agreement the of MPX will regulated to cannabis receive share of held. MPX with aware, expand footprint for XXXX, XX, as company U.S. October on The hold iAnthus arrangement is combine agreement named The the XX the position MPX. entitled to shares non-U.S. shareholders will new arrangement of states. common existing provides company’s assets MPX an pursuant will and that entity common one X.XXXX transaction iAnthus everyone signed and a be all As the businesses of which company the which will International, to MPX
their iAnthus addition perspective, XXXX our US$XX expected wide anticipated will that revenue. is these iAnthus as so the MPX league of before information will the million. look which for full would one an common transaction platform the put and provide I From expect is us MPX approach from system shares and newly on team From in combined perspective, million will numbers multi-state MPX quarter shareholders will XXXX, eagerly results full January to U.S. its MPX MPX We a which US$XX It finish and the XXXX MPX shareholder guidance by other and reporting unconsolidated very to our same include the in results. MPX combined is approximately the operator. XXXX, year it’s close with circular in or revenue New mid-January year continue strongly the each believe of Mexico, pending mail believe MPX a December operators. to basis combined and a end to as almost teams that In Colorado XX, to to approval, shareholder we XXXX. From to is leave revenue we receive forward perspective, tomorrow, scheduled it of International. formed calendar
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updates, the onto opened $XXX,XXX, move some approximately specific and a quarter the on revenue. July Mayflower with combination XX, market XXXX of sales its retail flagship market by dispensary off which to is both first Now Massachusetts. of were wholesale for
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continues Florida. growth. Moving exceptional in implementation mid medical market the to Florida cannabis the to of the program XXXX, show Since
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flowering expansions X,XXX as of provide These and increase building at our over square in expansions XX,XXX capacity serve well of XX,XXX as We’re expanding plant canopy building shade campus will onsite. external These five will our cultivation feet annual our of as kilograms foot square well lower overall indoor XX,XXX as our square to feet costs. of well provide GrowHealthy house material.
open be cultivation Moving dispensary the is square be most for approximately Citiva can is of the to square expansion at square Annual dispensary the plant target to is XXX,XXX be material. work X,XXX into XX,XXX of lease feet a facility wide The is be and kilograms York. will end Site also remaining borough facility. The to the in dispensary completion dispensary entered York of dispensary on stages the and future to New before and space, which anticipated expected production range a completed facility this a Center. to total flagship output X.X in of of New final XX,XXX wholesale Falls, discussions of of Construction is X would support will York year. two of half located County, foot to up of Citiva’s acreage to annual QX the Brooklyn are first more With kilograms open will and my Citiva of support New ahead Warwick with medical material. at up regard first to this product output Phase of now plant agreement still will XXXX. complete cultivation dispensary The also foot populous New of own X,XXX in two is is across brief. million Colorado which of be in locations remaining Mexico, our the for at XXXX. supply open in the going. Barclays Wappingers in be City’s the will comments company has in located of be to in residents. The executed Island one Chemung only and Lease states processing Dutchess Vermont, dispensary Staten
and $XXX,XXX which revenue million quarter, our our Vermont, for quarter year-to-date. For earned approximately the was revenue was $XXX,XXX Colorado, for the approximately $XXX,XXX $X.X year-to-date.
and landscape And for will election interesting the a our from back recreational the I for of state allow these on In most ownership is consolidated adult-use and be you. ballot in million election will quarter continued XXXX $X.X my Colorado and Vermont, allow remarks. such bill In hopefully other in restrictions XXXX. governor expect likely for restrictions. public democratic in for to was I’ve Mexico, the regulatory we for governor $X.X prepared before, fully it that will numbers the What ourselves. states. momentum of initiative is the a Polis easing not company million political As of sales and bill Mexico’s will That’s mentioned results in put the Hadley, our given legal Colorado, the New three as operators adult-use reported New full revenue in are and regulatory is and that and in notable there and a cannabis believe year-to-date.
