broad cannabis landscape have been investing heavily in SG&A, which includes but is not limited to headcount increases and R&D. Figure 104 CWEB and CVSI Are Posting Strong EBITDA... Figure 105 ...With Margins Exceeding 30% MRQ Adj. EBITDA (in$ mm) MRQ Adj. EBITDA Margin $13.8 40.0% 305% 304% $15.0 0% 20.9% $10.0 20.0% S54 9