Indiva Limited provided revenue guidance for the second quarter of 2022 . Due to delays in deliveries of new products, and delays in provincial delivery appointments, the Company now expects net revenue to decline sequentially from First Quarter 2022. Excluding the impact of these delays, net revenue would have been higher on a sequential basis, as per the Company's previous guidance.

The Company maintains its guidance for higher sequential and year-over-year net revenue growth in the second half of 2022, driven by new product introductions. The Company also remains on track to begin the commissioning and implementation of automation in processing and packaging at its production facility in London, Ontario in the second half of 2022.