first fourth giving of overview by a Thanks, performance our provide I'll state state quarter Leo. our numbers. an of breakdown before
First in Massachusetts.
success to through as continued constant not As great capacity our Leo our our us ability open-minded reinforce platform achievements but in instills an improvement as Washington, with well approach only market new also and of of confidence, said, in our products replicate existing iteration the in innovation to our from products. to our
price growth was XX% It QX million $X leaves our to the wholesale retail chomping expansion. coupled on Massachusetts get driven in from at approximately of XX% business. a year-over-year, our XX% and increase our with a growth Despite compression Illinois business by us in year-over-year, in bit going approximately X%
to based proud have of share and outperformed are the our on which mid-XXXX. obtained represents We state data, a market increase the to market X.X% compared sales in nearly XX% internal approximately
NECC. particular, in launches, an have to 'XX, in the accordance quarter of in upgrade the fourth success from our new in product the and made the facilities we with efforts multiple all attribute flower the our resulting in We quality
XX% our of extremely are to flower testing an achieved THC. We X/X XX% more XX% X/X between testing another THC, high with proud quality and than above have and flower
followed In and X-gram we on Since December new flower, launched by XX-gram in launches, the respectively. September, Island launch and packages its terms holidays, flower X-gram infused green for in of product initial five-pack by Wednesday package September, multipacks single X.X-gram pre-rolls, five-pack pre-roll we and multipack approximately flower sold gram Island In XX% November, launched of by XFront. represented December. followed total X.X-gram X.X in
sales QX. represented pre-rolls approximately total our of launches, sales these and of Since total pre-roll XX% Island in pre-roll XX%
our XX% disposal ability in pen XX% and new including pens our rest year-over-year, crystal SKUs brands our proven, formats. the launched of vape products, mature half clear Overall, also to execute the These increased and on launches a disposable into market cartridge respectively. products resin and We and SOPs, showcase wide both clear portfolio. introducing sales
the which driver next biggest over company's Illinois, will growth single represent of XX Next, XX to the months. our
two million Illinois, a have in As revenue open which XXXX. in little reminder, X,XXX we a together $XX over dispensaries a foot currently generated and in square
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from and over This operations to years flower in XX allow of best grow some the lessons come market state. incorporates next-generation to the with us will
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types the potential revenue that very of a Illinois. of possess sense would good in our optimize properties We
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and with the number other reference, scaled a million of especially Matteson Illinois, revenue addition For stores and size, retail million with grows of company MSOs of $XXX up approximately to eight generate maximum stores. $XXX in to launch
operators unable lack of social due currently abundance Illinois As an with of license and dispensary industry. to operating in equity capital investment limits open are most with the XX to
and M&A., clear path license there vertically for portfolio environment positive integrated very a believe is Illinois. seeing a complete are We in to achieving a
revenue. pricing Despite flat at continuing footprint X% the of retail revenue a increase increased overall and declining market XX% the trends from year 'XX. market fixed about revenue a decline decrease X% our Illinois, We in This year, acquiring amidst XXXX, speaks and in a to retail in nearly and since in XX% of cultivation the share in increase a of end consistency QX with X% competitive a wholesale and the quality trend NECC. our comprised products the managed the our to we
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'XX. and capability looking are forward our processing in 'XX retail footprint cultivation and and growth to We material in both
California. to Moving
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the feel in share in Washington California that facility to our gain market, we scaled operations. high post share our are qualified a low-cost competitive highly uniquely we with single-digit Given
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flower We the drove some license near begun of down maximum state to tax, ramping onerous and growth. cultivation problems, such were production market to costs, liquidity, meet. distress. of of the these taxation brands and take ends as remedy illicit steps The California new repealing entered retail was struggling lifting and make California at on cracking has on to below time too smaller struggled moratoriums with oversupply a was prices in retailers
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exposure losses minimize proactive to We are California. and highly our thinking credit a approach limit in
XX consistently business conducting decreasing with stable Our days been partners, financially under outstanding being focus in has quarter-over-quarter. resulting sales California in and on
deliberately cash on have continue portion COD, a has positive This sheet. or balance to our shifted significant delivery rise. particularly which prices further, effective been as we sales mitigate To on our a approach has impact to bulk of had risk
grow also an our gainer have vigilant opportunities we and in We remain market to otherwise explore into as ensure cost environment. a steps distressed position our share as taken and structure
on, revenue alignment. our label reminder, pipeline is footprint; and within a combined partners in can material there we opportunity secure one, space private two, top growth retail partners, strategic California shelf strategic where with focuses and As their other large robust retail
left California the market businesses, behind. wash there capture the subscale fewer be will we out As believe in left environment to continues opportunities operators to
market. brands engage major to their to who key retailers multiple the been sophisticated maintain opportunity strategic drive reputable require with California. in partners and with in capabilities strong working manufacturing to We've seeing initiatives on presence We're
result expect consistent quarterly We monthly have more established handful production and a are we will that partners. to and several foundational private additional of add label relationships working in revenue
live scaling can pre-roll resin our that positioned agreements. on crucial on with and play focus Coast, the and COD products not Also, state role also turn interstate in into as bulk excess so are as products their any Further, cash. are gummies, tolling are such and finished distillate, extraction largest we to well is from expanding format. splits material of in the We West unit splits a sales vapes we commerce California a
this at us Our to us in cutting-edge cannabis has for meet the high-quality capture production and products Washington, We scale. opportunities arising company produce West Oregon. commerce distribution demand a growing significantly enabling in distribute large invested potential infrastructure, products position California from to believe and Coast in and puts interstate and unique involved the agreements
numbers. ramp continues Massachusetts. the by revenue that the up fiscal from the for for The XX% revenue a million driven California, $XX.X QX Now revenue year-over-year. was million and up the to growth QX pro in $XXX.X $XXX.X for GAAP XXx forma and up the also business year to as Illinois revenue increase was million prior an was for of Company in primarily fiscal wholesale of 'XX; up in the 'XX, of 'XX; 'XX, year. XX% -- from and 'XX, growth year-over-year million X% in increase QX, QX System-wide $XX.X segment from X%
was from come. $XX.X Adjusted than $XX temporary million EBITDA previous view XX%. to 'XX, this an for things in decline of of million year, down rather adjusted representing as We view a margin setback a EBITDA
the EBITDA, return joins EBITDA business operations 'XX. As and we rest California contributor 'XX of in to in turns a a corner -- growth California our is the as a point positive to to our of adjusted expect
sheet of not XX, debt 'XX. on until of had of party related and Company the December cash million May due million $XX.X As balance the $XX.X long-term
XX, outstanding. million shares Company March subordinate voting the has As XXX of
a have like the market. industry to attributable pricing, Despite quality in reiterate trends the the we to level and to both market is share few in the points. increase wrap which our as innovation products up the we downward our bring increased across board, I'd So significant on today, substantially the we of of a
year $XX to possible cash, flow. testament to need and while our the to services to achievement operate the our additional our to in This providing for ended capital. ability million cash a contributing achieve the positioned without all to unwavering with well is We customers, commitment positive products best
team firmly in us Second, talent outstanding positioned leader. operational as investment has an our and industry unparalleled
beyond, to our Looking confident view and are the value quarter ability we deliver ahead on opportunity in next shareholders. to of we to build our continued as behalf
are than power Finally, we facility are thrilled touches will XX the nearing final state-of-the-art in be complete, substantially completion forward with the we'll pending construction on in of Once the our less Matteson ready new finished to supply. move is and be days.
the work and Illinois was maximizing year eager to tremendous committed fully within retail wait that see potential results We capitalize for state evidently allowance are in challenging so hard cannot determination. also the reach. a of to industry. We're is to our the XXXX our on and the within
However, enhancements the to incredibly and year made the direction our the company. our in we of are confident we have business over
Our is ahead growth only for are excited for we started, trajectory forefront. lies what and getting
turn the that, Q&A. now operator With call to for some I'll over the Operator?
