Gross Margin Expansion
Gross margin expanded by 250 basis points to 50% from the fourth quarter, reflecting improved efficiency in cultivation operations.
International Segment Growth
International segment delivered 74% year-over-year growth, marking the fourth consecutive quarter of 70% growth and 14% sequential growth, led by Germany and the U.K.
Strong Performance in Ohio
Ohio delivered robust year-over-year growth of 58% in quarter one, with strong performance from both retail locations and expanding wholesale business.
Introduction of New Products
Introduction and strong initial sell-through of new products like Anthem and Ace, with new proprietary extraction technology, setting new standards in the market.
Improved Cash Flow
Operating and free cash flow from continuing operations were $42 million and $26 million, respectively.