Vibe Reports Third Quarter 2021 Financial Results – Yahoo Finance

Q3 2021 Highlights

Vibe same store sales were up 11% from April through September 2021, while California retail sales were down 18% (Source: BDSA Database)

Revenue was $7.64 million, compared to $7.24 million in Q3 of 2020

Adjusted Gross Margin increased to 32.8%, compared to 30.2% in Q3 2020

Positive Adjusted Funds Flow of $0.05 million, compared to $0.37 million in Q3 2020

Two new dispensaries (Ukiah and Salinas) to immediately come online once definitive approval date from regulators is received

Cash Purchase of 10 acres of F40 zoned agricultural land in Monterey County for $5.1 million cash

Cash position of $6.22 million, after cash purchase of Monterey County real estate

Sacramento, California–(Newsfile Corp. – November 29, 2021) – Vibe Growth Corporation (CSE: VIBE) (OTCQX: VIBEF) (the “Company” or “Vibe”), a vertically integrated California cannabis enterprise, is pleased to announce its financial results for the third quarter of 2021. All financial information is provided in U.S. dollars unless otherwise indicated. The Condensed Consolidated Financial Statements and Management Discussion and Analysis (“MD&A”) for the three and nine month periods ended September 30, 2021, are available on the Company’s SEDAR profile at www.sedar.com and Vibe’s website at www.vibebycalifornia.com.

Vibe CEO Mark Waldron commented, “Vibe’s investment thesis has always been to expand

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