Quarterly report pursuant to Section 13 or 15(d)

ASSETS HELD FOR SALE

v3.19.1
ASSETS HELD FOR SALE
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
NOTE 4. ASSETS HELD FOR SALE

As of March 31, 2019, there was one asset group in the Cannabis Dispensary, Cultivation and Production segment that met the criteria to be recorded as held for sale under ASC 360: (1) management, having the authority to approve the action, committed to a plan to sell the asset, (2) the asset group was available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets, (3) an active program to locate a buyer and other actions required to complete the plan to sell the asset group have been initiated, (4) the sale of the asset group was probable, and transfer of the asset group was expected to qualify for recognition as a completed sale, within one year, (5) the asset group was being actively marketed for sale at a price that is reasonable in relation to its current fair value, and (6) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The assets related to this asset group have been classified as held for sale on the unaudited March 31, 2019 consolidated balance sheet. 

 

The components of assets held for sale are as follows:

 

    (in thousands)  
Components Of Assets Held for Sale:  

March 31, 

2019

 
       
Property, Equipment and Leasehold Improvements, Net   $ 7,503  
Other Assets     6  
         
Assets Held for Sale   $ 7,509