Columbia Care: Q3 Record Revenue $132.3M, Adjusted EBITDA Growth 634% To $31.02M, Revises Guidance

Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) reported its financial results Friday for the third quarter ended September 30, revealing record quarterly revenue of $132.3 million, up by 144% year-over-year and 21% sequentially.

Q3 Financial Summary

  • Adjusted EBITDA came in positive with a record $31.02 million, up by 634% from $4.22 million in the same period of 2020;
  • Adjusted Gross profit was $64.46 million, compared to $21.16 million in the third quarter of the prior year;
  • Adjusted Gross Margin was 49%, versus 39% in the corresponding period of last year;

“Each quarter, we continue to build momentum by focusing on initiatives that deliver profitably on our overall growth strategy – building scale in each of our markets, expanding our national retail platform and launching …

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