Highlights Q1 FY2023

 

• Revenue growth of 77% to $9.2 million from $5.2 million in Q1 prior year
• Retail revenue growth of 41% to $5.4 million from $3.8 million in Q1 prior year;
• Wholesale revenue growth of 78% to $3.3 million , representing 36% of the total revenue, from $1.9 million in Q1 prior year;
• Retention of strong retail margins at 37%, wholesale margins increased from 7% to 10% compared to Q1 in the prior year;
• Onboarding of new talent in senior leadership roles to lead and develop the Retail and Ecommerce segments;
• Total Assets as at April 30, 2022 of $19.9 million , compared to total assets as at April 30, 2021 of $11.4 million ;
• In Q1 FY2023, adjusted EBITDA has improved to Q4 FY2022 by $258,000 
• eCommerce revenue growth of 26% to the prior quarter.

 

Why Kiaro?

• The largest publicly - traded, corporately-owned, licensed Cannabis retailer in BC
• Acquisition Of Hemisphere Cannabis Closed
• Strategic acquisition sees entrance in Ontario (Retail), U.S. and Australia (Digital)
• Senior management has over 40 YEARS of retail experience

Who Is Kiaro?

• An independent, omni-channel cannabis retailer and distributor. 
• With more than 40 years of collective retail-focused experience, Kiaro's leadership team has a proven track record of growing retail brands across North America and plans to open multiple retail locations nationwide over the coming years

What is the Demand For Kiaro Products?

 

 

 

How Does Kiaro Fulfill This Demand?

Wholesale

• Operating in Saskatchewan, the only vertically integrated province
• Strong relationships with Licensed Producers (“LPs”) and retail operators
• Market share of >60% of licensed retailers
• Building capacity to execute in a national excise stamp environment

 

  

 

Retail Locations - BC

KIARO NANAIMO

Nanaimo, BC 

KIARO KINGSWAY - FLAGSHIP

Vancouver, BC

KIARO VICTORIA

Victoria, BC

KIARO PORT MOODY

Port Moody, BC

 

KIARO COMMERCIAL DRIVE

Vancouver, BC

 

 

Retail Locations – Saskatchewan 

KIARO RIVERSDALE

Saskatoon, SK

KIARO LA RONGE

La Ronge, SK

Or…

 

What Does The Future Look Like For Kiaro?

 

• Multi-provincial operator growth with profitable locations; target 15-20% EBITDA four-wall
• Double top line revenue through retail expansion and optimization of other channels