state-by-state will Leo. first of provide performance overview our breakdown giving of Thanks, an earnings. quarter first before I our a
success but we us the ago, call Reiterating in Massachusetts. with our in annual First, constant ability only innovation open-minded confidence new existing also instilled an as our achievements of in capacity our through reinforce to well market platform Washington, and as great products point replicate of a our X our weeks our products. improvement not on earnings to approach continued made iteration from to
seasonal in revenue the New again declines despite to from an New retail saw QX, amounted winter we mild QX, England by standards. what England In in extremely --
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assortment Koko our under brand chocolatiers in available the chocolate variety cannabis by variety at Gemz flavors features master chocolate. Belgian our premiere offering infused contains and made The an four our with expanded Koko also handcrafted Mission is award-winning pack, dispensaries premium Gemz We of Massachusetts. which pack XX of using
demand We is cannabis to market still continue what quickly relatively with ability tastes showcasing modern a up innovate, immature to the keep of to consumer. evolving adapt our and
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executed on location. retail definitive call, the annual documents As we our on Illinois third earnings discussed
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we look With building the Illinois out retail. the LI deal, aggressively close to forward of
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New pricing, QX important product confidence in gives introduction, QX and us along periods. sales stabilizing in flower the with momentum
California. moving Finally, to
and As with in Leo of that stated rest Commerce our growth through is optimizing profitable we our focus facility earlier, mind. this the year are
in We are big the brand. land the the time market believers California of as
In was to-date our month fact, in April state. best sales the
a achieve focusing California contribute oil managing secure we continuing that are believe solution, our sun-drenched the distress. lines, Tightening goal, of our cannabis for on to robust the positive overhead that actively structure will feed are emerging while the we cash to flower explore We brands profitable most the combined flow, to to with all current business eventually ensure and spot country. rebound business that in and cost our from this long-term in will in California the we state, as one opportunities pricing rest and
understand not is growth. profit tenable we where that growth we in Still, an without are environment
QX Our shareholders, on to all above large conversion. in the are and flow management have cash focusing of creditworthy cash team, else. taking most those We sales prioritized all customers wholesale whom began only 'XX, equity limiting of measures
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in done As flow than in And days. we our in we approaching will anticipate we XX of this have California. cash markets, core all less
XXXX. XXXX. financials. forma was pro revenue conclude, System for QX million for revenues up QX QX I XX% our quarter wide over the review 'XX, $XX.X in million over was retail driven growth QX California in Massachusetts. was expanded Commerce The revenue California to increased up GAAP by will 'XX, facility sales in activity Revenue in $XX.X X% Now and addition to to price in by wholesale at various primarily compression offset growth due production markets. XFront's the was in increased same
view Adjusted 'XX EBITDA of QX QX margin California to exclusively $X.X We adjusted to representing decline losses. final a for as a this setback apples-to-apples almost EBITDA in was compared $X.X million the -- temporary XX.X%. 'XX, separate related months of
this in as XX% and to a joins expect California operations the adjusted EBITDA rest our business EBITDA, 'XX turns contributor As return positive corner point to to we high the a of to our mid margins year. of
May of cash company March related in XXXX, debt, not had XXXX. XX, million of As of the $X.X party long-term and $XX.X until due million
on previously extend now This Most lender As the we strategic in immediately security advantage obtain with concessions mentioned, ROI an note terms us project their take of secured to to financing. amendment provide May reached to importantly, to have by X opportunities of senior and to our to the maturity allow 'XX. to allow years of financing themselves present Illinois will elsewhere. senior high additional
outstanding. XXXX, As the voting of shares subordinated XX, XXX March company had million
into XXXX our enhancing are now in wrap we put markets and and same promising today, in effort we we work Illinois also opportunities At time, longer-term as operations primary points. So optimizing our are growth in our located results the California. Massachusetts. a to showing like few The up hard I'd reiterate in
As footprint we XXXX, to strengthened we and a platform consumer. enter still innovate, what cannabis and up modern have is of with relatively our the we immature evolving keeping pace continue
committed and only aside the to carry setting the that for growth focus primary ROI longer-term on to projects, highest while remainder commitment. a allocating cash is are profitable year meaningful growth of opportunities we the short-term Our capital some
improve integration have mature ability replicate operations efficiencies. and them our markets, proven in acquisitions, successful through to and We our
the affordable speaks quality prices. value cannabis thrust in the A of proposition, our of at rising price Massachusetts market products decline to high face share in
and of market. to position are footprint, production reach aim most fully opening our the facility strengthen our complete significant which next months, we to expand our retail the to XX in expansion presents The the to our XX our we and of our thrilled With bring to move opportunity in Matteson capabilities Illinois. strategic growth leverage
With Q&A. the operator over for the that, Thank I'll you. to now turn call
