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Curaleaf Holdings , Inc. Investor Relations CURALEAF REPORTS RECORD FIRST QUARTER 2021 FINANCIAL AND OPERATIONAL RESULTS Record First Quarter 2021 Revenue ( 1 ) of $ 260 Million , up 170 % YoY and up 13 % Sequentially Record First Quarter 2021 Adjusted EBITDA ( 1 ) of $ 63 Million , up 213 % YoY and Up 16 % Sequentially , Achieving a Margin of 24 % Revenue Guidance for the Second Quarter 2021 of $ 305 million to $ 315 million WAKEFIELD , Mass . , May 10 , 2021 / PRNewswire / -- Curaleaf Holdings , Inc. ( CSE : CURA ) ( OTCQX : CURLF ) ( " Curaleaf " or the " Company " ) , a leading international provider of consumer products in cannabis , today reported its financial and operating results for the first quarter ended March 31 , 2021. All financial information is provided in U.S. dollars unless otherwise indicated . 1Q 2021 Financial Highlights ( Unaudited ) % qoq Q1 2021 Q4 2020 Change $ 260,320 $ 230,253 $ 128,467 $ 110,595 ( $ thousands , except per share amounts ) Total Revenue Gross profit before impact of biological assets Gross profit on cannabis sales ( 1 ) Gross margin on cannabis sales ( 1 ) Adjusted EBITDA ( ¹ ) $ Net income ( loss ) attributable to Curaleaf Holdings Inc. $ Net income ( loss ) per share - basic and diluted $ $ U.S. Callers : 1 ( 888 ) 317 6003 International Callers : 1 ( 412 ) 317 6061 Canadian Callers : 1 ( 866 ) 284 3684 128,030 $ 109,625 49 % 62,625 $ ( 17,211 ) $ ( 0.03 ) $ Earnings Call : Monday , May 10 , 2021 , at 5:00 P.M. ET Conference ID # is 6935525 Replay ID # is 10155488 48 % 53,784 ( 35,274 ) ( 0.05 ) The teleconference will be rebroadcasted starting at 7:00 P.M. ET on May 10 , 2021 and will end at 7:00 P.M. ET on May 17 , 2021 U.S. Replay : 1 ( 877 ) 344 7529 International Replay ( Toll ) : 1 ( 412 ) 317 0088 Canadian Replay : 1 ( 855 ) 669 9658 13 % $ 16 % $ 17 % $ 16 % $ $ $ Q1 2020 96,496 52,483 33,042 43 % 20,006 ( 15,089 ) ( 0.03 ) % yoy Change 170 % ( 1 ) See " Non - IFRS Financial and Performance Measures " below for more information regarding Curaleaf's use of Non IFRS financial measures and other reconciliations . 145 % 287 % 213 % Joe Bayern , Chief Executive Officer of Curaleaf stated , " Curaleaf delivered record first quarter 2021 financial results with total revenue exceeding the high - end of our guidance range as we extended our U.S. leadership , all while creating a new foundation for future international growth opportunities . The stronger than expected first quarter performance drove record adjusted EBITDA as well as approximately 640 basis points of improvement in gross margin year - over - year . These impressive results reflect the leverage of the strategic investments we have made across the organization in cultivation , product innovation as well as expanding our branded retail and wholesale distribution channels . Curaleaf launched a range of innovative new products to our retail and wholesale channels during the quarter , including our new Select Squeeze THC - infused beverage enhancer which marked our most successful product launch ever and represented one of the cannabis industry's widest