Columbia Care Inc. (OTCQX: CCHWF) (NEO:CCHW) (CSE:CCHW) (FSE:3LP) released its financial and operating results for the first quarter ended March 31, 2023, revealing revenue of $124.5 million, an increase of 1.2% compared to $123 million in Q1 2022.
Q1 2023 Financial Highlights
Gross profit was $47 million, a decrease of 16.9% compared to $56.6 million in Q1 2022.
Adjusted EBITDA was $16.4 million a decrease of 2.8% compared to $16.8 million in Q1 2022.
Net loss was $36.6 million, compared to a net loss of $27.9 million in Q1 2022.
The company ended the quarter with …