Ascend Wellness Holdings, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues:
Retail revenue	305.9	231.9	103.9	11.2
Wholesale revenue	181.8	148.5	57.5	2.0
Total revenues	405.9	332.4	143.7	12.0
Revenue growth [+]	22.1%	131.3%	1094.6%
Retail revenue	31.9%	123.3%	827.0%
Wholesale revenue	22.4%	158.4%	2816.3%
Cost of goods sold	271.4	196.4	82.8	24.3
Gross profit	134.6	136.0	60.9	-12.3
Gross margin	33.1%	40.9%	42.4%	-102.2%
Selling, general and administrative [+]	137.1	116.7	53.1	29.4
General and administrative	137.1	116.7	53.1	29.4
Other operating expenses	5.0	36.5		-15.6
EBITDA [+]	29.6	5.0	20.4	-22.0
EBITDA growth	489.8%	-75.4%	-192.7%
EBITDA margin	7.3%	1.5%	14.2%	-183.0%
Depreciation	27.3	15.5	5.0	2.0
EBITA	2.3	-10.5	15.4	-24.1
EBITA margin	0.6%	-3.1%	10.7%	-199.9%
Amortization of intangibles	9.8	6.8	7.5	2.1
EBIT [+]	-7.5	-17.2	7.8	-26.1
EBIT growth	-56.3%	-319.2%	-130.0%
EBIT margin	-1.9%	-5.2%	5.5%	-217.1%
Interest expense	32.4	64.0	13.0	6.5
Interest expense	32.4	64.0	13.0	6.5
Other income (expense), net [+]	0.8	0.3	0.0	0.0
Litigation settlement	5.0	36.5
Other	0.8	0.3	0.0	0.0
Pre-tax income	-39.2	-80.9	-5.1	-32.6
Income taxes	41.7	41.7	18.7	0.7
Minority interest			1.6	-1.3
Net income	-80.9	-122.7	-25.4	-31.9
Net margin	-19.9%	-36.9%	-17.7%	-265.1%

Basic EPS [+]	($0.44)	($0.82)	($0.27)	($0.37)
Growth	-46.3%	207.1%	-26.8%
Diluted EPS [+]	($0.44)	($0.82)	($0.27)	($0.37)
Growth	-46.3%	207.1%	-26.8%

Shares outstanding (basic) [+]	183.4	149.4	95.2	87.3
Growth	22.7%	57.0%	9.0%
Shares outstanding (diluted) [+]	183.4	149.4	95.2	87.3
Growth	22.7%	57.0%	9.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.