Ann: Halo Food Co Acquires The Healthy Mummy, page-16

Your last point is my fear, the EBITDA achieved in FY21-FY22 for THM has got a lot to do with subscription which increased during the pandemic.

Those are high margin sales which I fear could swing either way in the next couple of years once lockdown/hardborder is a thing of the past.

THM revenue seems to have stagnate at that $20m even with increased sales from subscription, albeit a higher margin sales mix.

Will have to hope that increased exposure of the HLF proprietary brand + sales exceed possibly winding down of subscription.