BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: POLY , Columbia Care Inc. , Alleghany Corporation , Anaplan, Inc.

Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ( jbrodsky@brodskysmith.com ) or Marc Ackerman ( mackerman@brodskysmith.com ) at 855-576-4847. There is no cost or financial obligation to you.

POLY (NYSE - POLY)

Under the terms of the agreement, POLY will be acquired by HP Inc. ("HP") (NYSE - HPQ). POLY's shareholders will receive $40.00 in cash for each share of POLY common stock owned. The transaction is valued at approximately $3.3 billion. The investigation concerns whether the POLY Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether HP is paying too little for the Company. For example, the deal consideration is below the 52-week high for the Company's shares.

Additional information can be found at https://www.brodskysmith.com/cases/poly-nyse-poly/ .

Columbia Care Inc. (OTC - CCHWF)

Under the terms of the agreement, Columbia Care will be acquired by Cresco Labs ("Cresco Labs") (OTC - CRLBF). Shareholders of Columbia Care will receive 0.5579 of a subordinate voting share of Cresco Labs for each Columbia Care common share held, subject to adjustment, representing total consideration enterprise value of approximately $2 billion based on the closing price of Cresco Labs shares on the Canadian Securities Exchange as of March 22, 2022. The investigation concerns whether the Columbia Care Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Cresco Labs is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/columbia-care-inc-otc-cchwf/ .

Alleghany Corporation (NYSE - Y)

Under the terms of the agreement, Alleghany will be acquired by Berkshire Hathaway ("Berkshire") (NYSE - BRK.A; BRK.B). Alleghany's shareholders will receive $848.02 in cash for each share of Alleghany common stock owned. The transaction is valued at approximately $11.6 billion. The investigation concerns whether the Alleghany Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Berkshire is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/alleghany-corporation-nyse-y/ .

Anaplan, Inc. (NYSE - PLAN)

Under the terms of the agreement, Anaplan will be acquired by Thoma Bravo. Anaplan's shareholders will receive $66.00 in cash for each share of Anaplan common stock owned. The transaction is valued at approximately $10.7 billion. The investigation concerns whether the Anaplan Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Thoma Bravo is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/anaplan-inc-nyse-plan/ .

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

News Provided by GlobeNewswire via QuoteMedia

Cresco Labs CL:CNX CRLBF Cannabis Investing

CL:CNX,CRLBF

Cronos Group Inc. enters into agreement for the sale-leaseback of its Stayner, Ontario facility

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) ("Cronos" or the "Company") today announced that its wholly owned subsidiary entered into an agreement (the "Sale Agreement") with Future Farmco Canada Inc. (the "Buyer"), a vertical farming company, for the sale and leaseback of its property located at 4491 Concession 12 Sunnidale Road, Stayner, Ontario, Canada, L0M 1S0 (the "Peace Naturals Campus"). Pursuant to the terms of the Sale Agreement, the Buyer has agreed to acquire the Peace Naturals Campus for C$23 million cash, subject to the terms and conditions set forth therein. The parties also plan to enter into a lease agreement upon closing for portions of the Peace Naturals Campus, ensuring continued operations.

News Provided by GlobeNewswire via QuoteMedia

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Eminent Healthcare Leader Appointed as Independent Non-Executive Chairman for Emyria Ltd

Emyria Limited (ASX: EMD) (“Emyria”, or the “Company”) focused on developing innovative treatments for mental health and neurological conditions, is pleased to announce the appointment of Greg Hutchinson as Independent Non-Executive Chairman.

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Goodness Growth Holdings Announces Third Quarter 2023 Results

Q3 revenue of $24.7 million increased 44.0% YoY and 28.2% sequentially excluding discontinued operations –

– Stronger revenue growth and margins largely driven by adult-use activation in Maryland –

News Provided by GlobeNewswire via QuoteMedia

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Capital Raising Re-Price & Prospectus Offers Extension

Melodiol Global Health Limited (ASX:ME1) (‘Melodiol’ or ‘the Company’) provides an update to its previously announced capital raise and debt conversions (refer to ASX announcement dated 26 October 2023). In an effort to accelerate the receipt of funds, the Company has re-priced the issue price per fully paid ordinary share ('Shares’) for the capital raise from $0.005 to $0.002904. Under the new issue price, the Company advises that it has received firm commitments to raise approximately $1m (before costs) through the issue of approximately 348,108,292 new Shares (the ‘Revised Placement’). Additionally, the Company has also re-negotiated and agreed with creditors to convert $284,454 of amounts outstanding to equity, via the issuance of 108,743,113 Shares at an issue price of $0.002904 per Share (instead of $0.005 per Share), being on the same terms as the Revised Placement (‘Revised Debt Conversions').

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Summary of Key Financial Metrics	Three Months Ended			Nine Months Ended
US $ in millions	September 30,			September 30,
	2023	2022	Variance	2023	2022	Variance

GAAP Revenue	$24.7	$18.9	30.9%	$64.0	$55.6	15.1%
Revenue (excluding discontinued operations)	$24.7	$17.1	44.0%	$62.0	$48.2	28.4%
GAAP Gross Profit	$13.2	$9.5	38.4%	$32.0	$22.4	43.1%
Gross Profit Margin	53.5%	50.6%	290 bps	50.1%	40.3%	980 bps
SG&A Expenses	$6.7	$8.5	-20.5%	$22.0	$26.4	-16.8%
SG&A Expenses (% of Sales)	27.4%	45.0%	1,760 bps	34.3%	47.5%	1,320 bps
Operating Income (Loss)	$5.9	($0.2)	NM	$5.2	($7.6)	NM
Operating Income Margin	23.8%	(1.0%)	2,480 bps	8.1%	-13.7%	2,180 bps
EBITDA	$7.0	($1.2)	NM	$11.3	($10.8)	NM
EBITDA Margin	28.5%	(6.5%)	3,500 bps	17.7%	(19.4%)	3,710 bps
NM = Not Meaningful


Core Market KPIs ¹	Three Months Ended			Nine Months Ended
US $ in millions	September 30,			September 30,
	2023	2022	Variance	2023	2022	Variance
Total Harvest Pounds (Biomass)	9,111	7,530	21.0%	27,142	20,727	30.9%
% "A" Flower ²	20.5 %	18.7 %	180 bps	19.5 %	16.9 %	260 bps
Total Retail Revenue	$20.1	$14.7	37.4%	$51.8	$40.9	26.8%
Same Store Sales Growth	-	-	37.4%	-	-	26.8%
Minnesota	-	-	15.0 %	-	-	26.6 %
New York	-	-	-14.0%	-	-	-16.7%
Maryland	-	-	229.4 %	-	-	88.7 %
Total Wholesale Revenue	$4.5	$2.5	83.7%	$9.9	$7.4	34.5%
¹ Core Markets refer to the Company's operations in Maryland, Minnesota, and New York.
² "A Flower" refers to produced biomass that meet the Company's highest internal standards for flower quality, size, and appearance.


GOODNESS GROWTH HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS AS OF 9/30/2023 AND 12/31/2022
(Amounts Expressed in United States Dollars, Unaudited and Condensed)
	September 30,			December 31,
	2023			2022
Assets
Current assets:
Cash	$	13,296,137		$	15,149,333
Accounts receivable, net of allowance for doubtful accounts of $344,937 and $453,860, respectively		5,688,782			4,286,072
Inventory		19,056,338			20,508,023
Prepayments and other current assets		1,834,013			2,544,532
Notes receivable, current		3,750,000			—
Warrants Receivable		1,566,445			—
Assets Held for Sale		89,918,392			4,240,781
Total current assets		135,110,107			46,728,741
Property and equipment, net		23,812,949			89,606,932
Operating lease, right-of-use asset		2,182,174			6,110,787
Notes receivable, long-term		—			3,750,000
Intangible assets, net		8,935,019			8,776,946
Goodwill		—			183,836
Deposits		383,645			2,312,161
Deferred tax assets		1,245,000			1,687,000
Total assets	$	171,668,894		$	159,156,403
Liabilities
Current liabilities
Accounts Payable and Accrued liabilities	$	33,638,534		$	14,928,780
Long-Term debt, current portion		55,432,463			11,780,000
Right of use liability		907,998			1,680,294
Liabilities held for sale		75,439,119			1,319,847
Total current liabilities		165,418,114			29,708,921
Right-of-use liability		9,700,492			79,757,994
Other long-term liabilities		235,577			—
Convertible debt, net		5,107,477			—
Long-Term debt		4,060,633			46,248,604
Total liabilities	$	184,522,293		$	155,715,519
Stockholders' equity
Subordinate Voting Shares ($- par value, unlimited shares authorized; 108,332,330 shares issued and outstanding)		—			—
Multiple Voting Shares ($- par value, unlimited shares authorized; 347,940 shares issued and outstanding)		—			—
Super Voting Shares ($- par value; unlimited shares authorized; 0 shares issued and outstanding)		—			—
Additional Paid in Capital		185,991,816			181,321,847
Accumulated deficit		(198,845,215	)		(177,880,963	)
Total stockholders' equity	$	(12,853,399	)	$	3,440,884
Total liabilities and stockholders' equity	$	171,668,894		$	159,156,403


GOODNESS GROWTH HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022
(Amounts Expressed in United States Dollars, Unaudited and Condensed)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2023			2022			2023			2022
Revenue	$	24,675,145		$	18,854,101		$	63,960,125		$	55,582,821
Cost of sales
Product costs		10,493,561			9,186,241			30,347,357			29,532,469
Inventory valuation adjustments		984,196			131,000			1,563,872			3,657,788
Gross profit		13,197,388			9,536,860			32,048,896			22,392,564
Operating expenses:
Selling, general and administrative		6,749,314			8,489,728			21,965,576			26,393,136
Stock-based compensation expenses		296,617			896,081			4,009,415			2,636,594
Depreciation		99,929			167,940			377,121			487,164
Amortization		180,034			172,267			498,828			516,800
Total operating expenses		7,325,894			9,726,016			26,850,940			30,033,694

Gain (loss) from operations		5,871,494			(189,156	)		5,197,956			(7,641,130	)

Other income (expense):
Impairment of long-lived assets		—			(2,108,703	)		—			(7,476,618	)
Gain (loss) on disposal of assets		(50,686	)		—			(2,798,567	)		168,359
Gain (loss) on sale of property and equipment		—			7,583			—			(3,347	)
Interest expenses, net		(7,915,658	)		(5,573,263	)		(22,795,242	)		(15,472,885	)
Other income (expenses)		345,824			79,750			6,166,472			1,196,975
Other income (expenses), net		(7,620,520	)		(7,594,633	)		(19,427,337	)		(21,587,516	)

Loss before income taxes		(1,749,026	)		(7,783,789	)		(14,229,381	)		(29,228,646	)

Current income tax expenses		(3,980,000	)		(1,790,000	)		(7,357,871	)		(4,130,000	)
Deferred income tax recoveries		500,000			1,150,000			623,000			4,185,000
Net loss and comprehensive loss		(5,229,026	)		(8,423,789	)		(20,964,252	)		(29,173,646	)
Net loss per share - basic and diluted	$	(0.04	)	$	(0.07	)	$	(0.16	)	$	(0.23	)
Weighted average shares used in computation of net loss per share - basic & diluted		141,332,852			128,120,949			132,576,879			128,114,570


GOODNESS GROWTH HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022
(Amounts Expressed in United States Dollars, Unaudited and Condensed)
	September 30,
	2023			2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(20,964,252	)	$	(29,173,646	)
Adjustments to reconcile net loss to net cash used in operating activities:
Inventory valuation adjustments		1,563,872			3,657,788
Depreciation		377,121			487,164
Depreciation capitalized into inventory		1,846,418			1,959,536
Non-cash operating lease expense		423,821			852,687
Amortization of intangible assets		498,828			516,800
Amortization of intangible assets capitalized into inventory		24,779			—
Stock-based payments		4,009,415			2,636,594
Warrants receivable		(1,566,445	)		—
Interest Expense		5,111,930			3,430,733
Impairment of long-lived assets		—			7,476,618
Deferred income tax		(623,000	)		(4,185,000	)
Accretion		800,392			3,407,030
Loss (gain) on sale of property and equipment		—			3,347
Loss on disposal of Red Barn Growers		2,909,757			—
Loss (gain) on disposal of assets		(111,190	)		—
Gain on disposal of royalty asset		—			(168,359	)
Change in operating assets and liabilities:
Accounts Receivable		(902,709	)		(1,408,580	)
Prepaid expenses		684,987			(1,601,742	)
Inventory		(1,932,554	)		(2,205,236	)
Accounts payable and accrued liabilities		7,459,350			2,360,044
Change in assets and liabilities held for sale		(116,882	)		—
Net cash used in operating activities	$	(506,362	)	$	(11,954,222	)

CASH FLOWS FROM INVESTING ACTIVITIES:
PP&E Additions	$	(2,630,724	)	$	(4,938,587	)
Intangible license additions		(1,090,919	)		—
Proceeds from sale of Red Barn Growers net of cash		439,186			387,512
Proceeds from sale of property, plant, and equipment		242,088			—
Proceeds from sale of royalty asset		—			236,635
Deposits		(263,545	)		(482,539	)
Net cash provided by (used in) investing activities	$	(3,303,914	)	$	(4,796,979	)

CASH FLOWS FROM FINANCING ACTIVITIES	$			$
Proceeds from long-term debt, net of issuance costs		—			24,868,143
Proceeds from convertible debt, net of issuance costs		5,348,140			—
Proceeds from option exercises		—			7,201
Debt principal payments		(1,976,362	)		—
Lease principal payments		(1,414,698	)		(1,437,346	)
Net cash provided by (used in) financing activities	$	1,957,080		$	23,437,998

Net change in cash	$	(1,853,196	)	$	6,686,797
Cash, beginning of period	$	15,149,333		$	15,155,279
Cash, end of period	$	13,296,137		$	21,842,076

Investor Inquiries: Sam Gibbons Managing Director sam.gibbons@alpha-ir.com (612) 314-8995	Media Inquiries: Amanda Hutcheson Senior Manager, Communications amandahutcheson@goodnessgrowth.com (919) 815-1476


GOODNESS GROWTH HOLDINGS, INC. STATE-BY-STATE REVENUE PERFORMANCE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

	Three Months Ended
	September 30,
	2023		2022			$ Change			% Change
Retail:
MN	$	11,791,001	$	10,252,523		$	1,538,478		15		%
NY		2,185,701		2,541,913			(356,212	)	(14	)	%
NM		—		1,721,017			(1,721,017	)	(100	)	%
MD		6,170,372		1,873,773			4,296,599		229		%
Total Retail	$	20,147,074	$	16,389,226		$	3,757,848		23		%

Wholesale:
MD		2,923,376		1,333,864			1,589,512		119		%
NY		1,375,730		1,131,011			244,719		22		%
NM		—		—			—		100		%
Total Wholesale	$	4,299,106	$	2,464,875		$	1,834,231		74		%

MD Service Revenue		228,965		—			228,965		100		%

Total Revenue	$	24,675,145	$	18,854,101		$	5,821,044		31		%
AZ and NM Revenue	$	—	$	(1,721,017	)	$	1,721,017		(100	)	%
Total Revenue excluding AZ and NM	$	24,675,145	$	17,133,084		$	7,542,061		44		%


Reconciliation of Net Loss to EBITDA

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2023			2022			2023			2022
Net income (loss)	$	(5,229,026	)	$	(8,423,789	)		(20,964,252	)		(29,173,646	)
Interest expense, net		7,915,658			5,573,263			22,795,242			15,472,885
Income taxes		3,480,000			640,000			6,734,871			(55,000	)
Depreciation & Amortization		279,963			340,207			875,949			1,003,964
Depreciation included in cost of goods sold		577,132			645,480			1,871,197			1,959,536
EBITDA (non-GAAP)	$	7,023,727		$	(1,224,839	)		11,313,007			(10,792,261	)

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: POLY , Columbia Care Inc. , Alleghany Corporation , Anaplan, Inc.

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