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Curaleaf Reports Third Quarter 2021 Results Third quarter 2021 Revenue of $ 317 million , an increase of 2 % sequentially and 74 % YoY - Third quarter 2021 Adjusted EBITDA ( 1 ) of $ 71 million , an increase of 69 % YoY - Third quarter cash flow from operations of $ 52 million or 16 % of revenue - Completed on October 1 , 2021 , the previously announced acquisition of Los Sueños Farms - Entered into definitive agreement to acquire Tryke Companies , a vertically integrated MSO operating in Nevada , Arizona , and Utah WAKEFIELD , Mass . , Nov. 8 , 2021 / CNW / -- 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 third quarter ended September 30 , 2021. All financial information is provided in U.S. dollars unless otherwise indicated . Third Quarter 2021 Financial Highlights ( Unaudited ) ( $ thousands , except per share amounts ) Total Revenue Gross profit before impact of biological assets Gross profit on cannabis sales ( 1 ) ( 2 ) Gross margin on cannabis sales ( 1 ) ( 2 ) Adjusted EBITDA ( 1 ) Net loss attributable to Ouraleaf Holdings Inc. Net loss per share - basic and diluted Q3 2021 Q2 2021 317,125 $ 312,205 144,909 155,238 144,368 154,527 49.6 % 45.6 % 71,363 ( 56,917 ) $ ( 0.08 ) $ $ U.S. Live Call : + 1-888-317-6003 International Live Call ( Toll ) : + 1-412-317-6061 Canada Live Call : + 1-866-284-3684 % qoq Q3 2020 Change 2 % $ 182,408 -7 % 91,775 -7 % 89,669 49.7 % 42,295 69 % ( 9,343 ) ( 0.01 ) 84,372 -15 % ( 7,240 ) ( 0.01 ) $ % yoy Change 74 % 58 % 61 % ( 1 ) See " Non - IFRS Financial and Performance Measures " below for more information regarding Quraleaf's use of Non - IFRS financial measures and other reconciliations . ( 2 ) Cannabis sales excludes Management Fee Income . Gross profit and gross margin on cannabis sales both exclude the impact of biological assets . Earnings Call : Monday , November 8 , 2021 , at 5:00 P.M. ET Conference ID # is 2599473 Replay ID # is 10160750 U.S. Replay : + 1-877-344-7529 International Replay ( Toll ) : + 1-412-317-0088 Canada Replay : + 1-855-669-9658 A webcast of the call can be accessed on the investor relations section of the Curaleaf website at ir.curaleaf.com The teleconference will be available for replay starting at approximately 7:00 P.M. ET on November 8 , 2021 , and will end at 7:00 P.M. ET on November 15 , 2021 Boris Jordan , Executive Chairman of Curaleaf commented , " During the third quarter we delivered record revenue of $ 317 million , representing 2 % sequential and 74 % year - over - year rowth . We also generated $ 52 million of positive operating cash flow . While we faced some transient headwinds during the quarter , we continued to execute well against our strategic initiatives , prioritizing growth and gaining market share . As a result , we remain on track to achieve our $ 1.2 to $ 1.3 billion annual revenue guidance , albeit at the lower end of the range , representing growth of over 90 % . Strategic M & A remains a key pillar our growth plan . We closed the Los Sueños Farms acquisition in October , and today announced another highly strategic deal to acquire Tryke Companies , a vertically integrated MSO which bolsters our leadership position in Nevada , Arizona , and Utah and will be immediately accretive to our margins and cash flow . " Joe Bayern , Chief Executive Officer of Curaleaf stated , " We continued to successfully execute our plan for long - term growth in the third quarter with a focus on our four pillars of competitive advantage - research & development , commercialization , national distribution , and marketing and brand building . We