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JAMIESON wellness inc : Jamieson Wellness Inc. Reports Third Quarter 2021 Financial Results Narrows Fiscal 2021 Guidance and Declares Third Quarter Dividend TORONTO -- ( BUSINESS WIRE ) -- Jamieson Wellness Inc. ( " Jamieson Wellness " or the " Company " ) ( TSX : JWEL ) today reported financial results for its third quarter ended September 30 , 2021. All amounts are expressed in Canadian dollars . Certain metrics , including those expressed on an adjusted basis , are non - IFRS measures . See " Non - IFRS Financial Measures " below . Highlights of Third Quarter 2021 Results versus Third Quarter 2020 Results • Revenue increased 6.4 % to $ 112.4 million ; • Jamieson Brands revenue increased by 3.1 % , or 4.8 % normalized for the impact of foreign exchange ; • Adjusted EBITDA increased 11.0 % to $ 25.5 million ; • • Net earnings was $ 14.3 million and adjusted net earnings increased 11.0 % to $ 14.1 million ; and Earnings per diluted share and adjusted earnings per diluted share were $ 0.34 . " Consumers ' continued focus on health and wellness has become a permanent fixture in their daily lives , " said Mike Pilato , President and CEO of Jamieson Wellness . " This new consumer baseline reflects the extended duration of the COVID - 19 pandemic , and a long - term commitment to using vitamins , minerals , and supplements to maximize vitality and well - being . We continue to adapt , invest in , and focus on meeting this rising demand across this growing base of global consumers . While we diligently manage supply chain risks and transportation cost pressures , we are very pleased with our solid third quarter results , including a 6.4 % revenue increase , an 11 % increase in Adjusted EBITDA and Adjusted Net Earnings , and a 100 basis point improvement in Adjusted EBITDA margin . Based on our positive year - to - date results and our favourable demand outlook , we are increasing our revenue guidance and narrowing our adjusted EBITDA expectations to the top of our previous range . We remain confident in our outlook and ability to drive significant value for all stakeholders as we approach our 100th anniversary as a leader in health and wellness . ” Third Quarter 2021 Results Revenue increased 6.4 % to $ 112.4 million in the third quarter of 2021 compared with $ 105.6 million in the third quarter of 2020 driven by 3.1 % growth in Jamieson Brands and 18.4 % growth in Strategic Partners . Revenue in the Jamieson Brands segment increased by 3.1 % or $ 2.6 million to $ 85.2 million . The Company's domestic branded sales increased by 4.3 % in the third quarter of 2021 , with strong point of purchase sales on an expanded consumer base outpacing shipments in the quarter , supported by significant customer and distributor inventory replenishments in the second quarter . The Company's international branded business increased by 7.0 % on a constant currency basis compared with the third quarter of 2020 led by continued growth in China , partially offset by strong replenishments earlier in the year to other regions . On a reported basis , the Company's international branded business decreased by 2.6 % due to the strengthening of the Canadian dollar . Revenue in the Strategic Partners segment increased 18.4 % , or $ 4.2 million to $ 27.2 million in the third quarter of 2021 mainly due to expanded programs with new and existing customers . Gross profit increased by $ 2.8 million to $ 40.8 million in the third quarter of 2021 mainly driven by revenue growth . Gross profit margin increased by 30 basis points to 36.3 % , reflecting margin improvements in both segments from pricing and volume driven efficiencies , partially offset by the mix impact of proportionally higher sales in the Strategic Partners segment . Gross profit margin in the Jamieson Brands segment increased by