| Summarized financial information |
|
| (in thousands)
| |
|
| For the Year Ended December 31, 2019
| |
|
| Herbs and Produce Products
| |
| Cannabis Dispensary, Cultivation and Production
| |
| Real Estate
| |
| Eliminations and Other
| |
| Total
| |
| | | | | | | | | | | | | | |
|
| Total revenues
|
| $
| 5,284
| |
| $
| 22,416
| |
| $
| -
| |
| $
| 350
| |
| $
| 28,050
|
|
| Cost of goods sold
| |
| 3,955
| |
| $
| 9,114
| |
| $
| -
| |
| $
| 327
| | |
| 13,396
| |
| | | | | | | | | | | | | | | | | | | |
|
| Gross profit
| |
| 1,329
| | |
| 13,302
| | |
| -
| | |
| 23
| | |
| 14,654
| |
| | | | | | | | | | | | | | | | | | | |
|
| Depreciation & amortization
| |
| 540
| |
| $
| 6,458
| |
| $
| -
| |
| $
| 215
| | |
| 7,213
|
|
| Stock-based compensation
| |
| -
| |
| $
| -
| |
| $
| -
| |
| $
| 4,918
| | |
| 4,918
|
|
| Selling, general and administrative expenses (all other)
| |
| 4,783
| |
| $
| 11,174
| |
| $
| 334
| |
| $
| 16,899
| | |
| 33,190
| |
| | | | | | | | | | | | | | | | | | | |
|
| Loss from operations
| |
| (3,994
| )
| |
| (4,330
| )
| |
| (334
| )
| |
| (22,009
| )
| |
| (30,667
| )
|
| | | | | | | | | | | | | | | | | | | |
|
| Other income / (expense):
| | | | | | | | | | | | | | | | | | | |
|
| Interest income/(expense)
| |
| -
| |
| $
| (16
| )
|
| $
| (1,007
| )
|
| $
| (8,274
| )
| |
| (9,297
| )
|
| Other income / (loss)
| |
| 34
| |
| $
| (7,794
| )
|
| $
| -
| |
| $
| (716
| )
| |
| (8,476
| )
|
| | | | | | | | | | | | | | | | | | | |
|
| Total Other Income (Expense)
| |
| 34
| | |
| (7,810
| )
| |
| (1,007
| )
| |
| (8,990
| )
| |
| (17,773
| )
|
| | | | | | | | | | | | | | | | | | | |
|
| Loss Before Provision for Income Taxes
|
| $
| (3,960
| )
|
| $
| (12,140
| )
|
| $
| (1,341
| )
|
| $
| (30,999
| )
|
| $
| (48,440
| )
|
| | | | | | | | | | | | | | | | | | | |
|
| Total Assets at December 31, 2019
|
| $
| (8,201
| )
|
| $
| 56,777
| |
| $
| (2,545
| )
|
| $
| 73,218
| |
| $
| 119,249
| |
|
| For the Year Ended December 31, 2018
| |
|
| Herbs and Produce
| |
| Cannabis Dispensary, Cultivation and Production
| |
| Real Estate
| |
| Eliminations and Other
| |
| Total
| |
| | | | | | | | | | | | | | |
|
| Total Revenues
|
| $
| 4,476
| |
| $
| 14,872
| |
| $
| -
| |
| $
| 817
| |
| $
| 20,165
|
|
| Cost of Goods Sold
| |
| 4,233
| | |
| 7,241
| | |
| -
| | |
| 1,684
| | |
| 13,158
| |
| | | | | | | | | | | | | | | | | | | |
|
| Gross Profit
| |
| 243
| | |
| 7,631
| | |
| -
| | |
| (867
| )
| |
| 7,007
| |
| | | | | | | | | | | | | | | | | | | |
|
| Depreciation & amortization
| |
| 523
| | |
| 3,951
| | |
| -
| | |
| 232
| | |
| 4,706
|
|
| Stock-based compensation
| |
| -
| | |
| -
| | |
| -
| | |
| 3,136
| | |
| 3,136
|
|
| Selling, General and Administrative Expenses
| |
| 3,682
| | |
| 10,192
| | |
| 973
| | |
| 15,221
| | |
| 30,068
| |
| | | | | | | | | | | | | | | | | | | |
|
| Loss from Operations
| |
| (3,962
| )
| |
| (6,512
| )
| |
| (973
| )
| |
| (19,456
| )
| |
| (30,903
| )
|
| | | | | | | | | | | | | | | | | | | |
|
| Other income / (expense):
| | | | | | | | | | | | | | | | | | | |
|
| Interest income/(expense)
| |
| -
| | |
| -
| | |
| (687
| )
| |
| (10,283
| )
| |
| (10,970
| )
|
| Other income / (loss)
| |
| (77
| )
| |
| -
| | |
| (107
| )
| |
| 3,075
| | |
| 2,891
| |
| | | | | | | | | | | | | | | | | | | |
|
| Total Other Income (Expense)
| |
| (77
| )
| |
| -
| | |
| (794
| )
| |
| (7,208
| )
| |
| (8,079
| )
|
| | | | | | | | | | | | | | | | | | | |
|
| Loss Before Provision for Income Taxes
|
| $
| (4,039
| )
|
| $
| (6,512
| )
|
| $
| (1,767
| )
|
| $
| (26,664
| )
|
| $
| (38,982
| )
|
| | | | | | | | | | | | | | | | | | | |
|
| Total Assets at December 31, 2018
|
| $
| (6,871
| )
|
| $
| 40,734
| |
| $
| 4,248
| |
| $
| 81,978
| |
| $
| 120,088
| |
|