Schedule of segment reporting information, by segment |
|
|
(in thousands) |
|
|
(in thousands) |
|
|
|
Total Revenue |
|
|
% of Total Revenue |
|
|
Total Revenue |
|
|
% of Total Revenue |
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
Segment |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Cannabis Retail |
|
$ |
8,415 |
|
|
$ |
11,140 |
|
|
|
95.7 |
% |
|
|
70.5 |
% |
|
$ |
16,885 |
|
|
$ |
23,653 |
|
|
|
93.6 |
% |
|
|
68.3 |
% |
Cannabis Cultivation & Distribution |
|
|
382 |
|
|
|
4,661 |
|
|
|
4.3 |
% |
|
|
29.5 |
% |
|
|
1,152 |
|
|
|
10,997 |
|
|
|
6.4 |
% |
|
|
31.7 |
% |
Total |
|
$ |
8,797 |
|
|
$ |
15,801 |
|
|
|
100.0 |
% |
|
|
100.0 |
% |
|
$ |
18,037 |
|
|
$ |
34,650 |
|
|
|
100.0 |
% |
|
|
100.0 |
% |
|
|
(in thousands) |
|
|
|
Three Months Ended June 30, 2023 |
|
|
Three Months Ended June 30, 2022 |
|
|
|
Cannabis Retail |
|
|
Cannabis Cultivation & Distribution |
|
|
Corporate & Other |
|
|
Total |
|
|
Cannabis Retail |
|
|
Cannabis Cultivation & Distribution |
|
|
Corporate & Other |
|
|
Total |
|
Total Revenues |
|
$ |
8,415 |
|
|
$ |
382 |
|
|
$ |
- |
|
|
$ |
8,797 |
|
|
$ |
11,140 |
|
|
$ |
4,661 |
|
|
$ |
- |
|
|
$ |
15,801 |
|
Cost of Goods Sold |
|
|
3,963 |
|
|
|
234 |
|
|
|
- |
|
|
|
4,197 |
|
|
|
5,430 |
|
|
|
2,284 |
|
|
|
- |
|
|
|
7,714 |
|
Gross Profit |
|
|
4,452 |
|
|
|
148 |
|
|
|
- |
|
|
|
4,600 |
|
|
|
5,710 |
|
|
|
2,377 |
|
|
|
- |
|
|
|
8,087 |
|
Gross Profit % |
|
|
52.9 |
% |
|
|
38.7 |
% |
|
|
|
|
|
|
|
|
|
|
51.3 |
% |
|
|
51.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General & Administrative Expenses |
|
|
2,852 |
|
|
|
312 |
|
|
|
4,907 |
|
|
|
8,071 |
|
|
|
6,427 |
|
|
|
3,886 |
|
|
|
7,847 |
|
|
|
18,160 |
|
Impairment Expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
55,726 |
|
|
|
55,726 |
|
(Gain) Loss on Disposal of Assets |
|
|
- |
|
|
|
- |
|
|
|
(1,739 |
) |
|
|
(1,739 |
) |
|
|
542 |
|
|
|
- |
|
|
|
(1 |
) |
|
|
541 |
|
Income (Loss) from Operations |
|
|
1,600 |
|
|
|
(164 |
) |
|
|
(3,168 |
) |
|
|
(1,732 |
) |
|
|
(1,259 |
) |
|
|
(1,509 |
) |
|
|
(63,572 |
) |
|
|
(66,340 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income (Expense) |
|
|
48 |
|
|
|
- |
|
|
|
(235 |
) |
|
|
(187 |
) |
|
|
- |
|
|
|
(11 |
) |
|
|
(427 |
) |
|
|
(438 |
) |
Gain on Settlement of Liabilities |
|
|
110 |
|
|
|
- |
|
|
|
- |
|
|
|
110 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Unrealized Gain on Investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
963 |
|
|
|
963 |
|
Other Income (Expense) |
|
|
(31 |
) |
|
|
9 |
|
|
|
264 |
|
|
|
242 |
|
|
|
(71 |
) |
|
|
112 |
|
|
|
189 |
|
|
|
230 |
|
Total Other Income (Expense), Net |
|
|
127 |
|
|
|
9 |
|
|
|
29 |
|
|
|
165 |
|
|
|
(71 |
) |
|
|
101 |
|
|
|
725 |
|
|
|
755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) Before Provision for Income Taxes |
|
$ |
1,727 |
|
|
$ |
(155 |
) |
|
$ |
(3,139 |
) |
|
$ |
(1,567 |
) |
|
$ |
(1,330 |
) |
|
$ |
(1,408 |
) |
|
$ |
(62,847 |
) |
|
$ |
(65,585 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets (Liabilities) |
|
$ |
18,231 |
|
|
$ |
4,456 |
|
|
$ |
15,573 |
|
|
$ |
38,260 |
|
|
$ |
51,162 |
|
|
$ |
(73 |
) |
|
$ |
129,166 |
|
|
$ |
180,255 |
|
|
|
(in thousands) |
|
|
|
Six Months Ended June 30, 2023 |
|
|
Six Months Ended June 30, 2022 |
|
|
|
Cannabis Retail |
|
|
Cannabis Cultivation & Distribution |
|
|
Corporate & Other |
|
|
Total |
|
|
Cannabis Retail |
|
|
Cannabis Cultivation & Distribution |
|
|
Corporate & Other |
|
|
Total |
|
Total Revenues |
|
$ |
16,885 |
|
|
$ |
1,152 |
|
|
$ |
- |
|
|
$ |
18,037 |
|
|
$ |
23,653 |
|
|
$ |
10,997 |
|
|
$ |
- |
|
|
$ |
34,650 |
|
Cost of Goods Sold |
|
|
7,768 |
|
|
|
974 |
|
|
|
- |
|
|
|
8,742 |
|
|
|
12,311 |
|
|
|
8,139 |
|
|
|
- |
|
|
|
20,450 |
|
Gross Profit |
|
|
9,117 |
|
|
|
178 |
|
|
|
- |
|
|
|
9,295 |
|
|
|
11,342 |
|
|
|
2,858 |
|
|
|
- |
|
|
|
14,200 |
|
Gross Profit % |
|
|
54.0 |
% |
|
|
15.5 |
% |
|
|
|
|
|
|
|
|
|
|
48.0 |
% |
|
|
26.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General & Administrative Expenses |
|
|
5,310 |
|
|
|
467 |
|
|
|
7,891 |
|
|
|
13,668 |
|
|
|
11,452 |
|
|
|
8,486 |
|
|
|
16,153 |
|
|
|
36,091 |
|
Impairment Expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
55,726 |
|
|
|
55,726 |
|
(Gain) Loss on Disposal of Assets |
|
|
- |
|
|
|
- |
|
|
|
(1,739 |
) |
|
|
(1,739 |
) |
|
|
542 |
|
|
|
- |
|
|
|
(199 |
) |
|
|
343 |
|
Income (Loss) from Operations |
|
|
3,807 |
|
|
|
(289 |
) |
|
|
(6,152 |
) |
|
|
(2,634 |
) |
|
|
(652 |
) |
|
|
(5,628 |
) |
|
|
(71,680 |
) |
|
|
(77,960 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
- |
|
|
|
- |
|
|
|
(1,211 |
) |
|
|
(1,211 |
) |
|
|
- |
|
|
|
(176 |
) |
|
|
(2,028 |
) |
|
|
(2,204 |
) |
Gain on Extinguishment of Debt |
|
|
- |
|
|
|
- |
|
|
|
3,026 |
|
|
|
3,026 |
|
|
|
- |
|
|
|
- |
|
|
|
542 |
|
|
|
542 |
|
Gain on Settlement of Liabilities |
|
|
110 |
|
|
|
- |
|
|
|
- |
|
|
|
110 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Realized Loss on Investments |
|
|
- |
|
|
|
- |
|
|
|
(61 |
) |
|
|
(61 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Unrealized Gain on Investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
963 |
|
|
|
963 |
|
Other Income (Expense) |
|
|
(317 |
) |
|
|
324 |
|
|
|
264 |
|
|
|
271 |
|
|
|
(397 |
) |
|
|
527 |
|
|
|
728 |
|
|
|
858 |
|
Total Other Income (Expense), Net |
|
|
(207 |
) |
|
|
324 |
|
|
|
2,018 |
|
|
|
2,135 |
|
|
|
(397 |
) |
|
|
351 |
|
|
|
205 |
|
|
|
159 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) Before Provision for Income Taxes |
|
$ |
3,600 |
|
|
$ |
35 |
|
|
$ |
(4,134 |
) |
|
$ |
(499 |
) |
|
$ |
(1,049 |
) |
|
$ |
(5,277 |
) |
|
$ |
(71,475 |
) |
|
$ |
(77,801 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets (Liabilities) |
|
$ |
18,231 |
|
|
$ |
4,456 |
|
|
$ |
15,573 |
|
|
$ |
38,260 |
|
|
$ |
51,162 |
|
|
$ |
(73 |
) |
|
$ |
129,166 |
|
|
$ |
180,255 |
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
|
|
Total Revenue |
|
|
% of Total Revenue |
|
|
|
Year Ended December 31, |
|
Segment |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Cannabis Retail |
|
$ |
39,937 |
|
|
$ |
24,540 |
|
|
|
76.8 |
% |
|
|
58.3 |
% |
Cannabis Cultivation & Distribution |
|
|
12,078 |
|
|
|
17,580 |
|
|
|
23.2 |
% |
|
|
41.7 |
% |
Total |
|
$ |
52,015 |
|
|
$ |
42,120 |
|
|
|
100.0 |
% |
|
|
100.0 |
% |
|
|
(in thousands) |
|
|
|
Year Ended December 31, 2022 |
|
|
|
Cannabis Retail |
|
|
Cannabis Cultivation and Distribution |
|
|
Corporate and Other |
|
|
Total |
|
Total Revenues |
|
$ |
39,937 |
|
|
$ |
12,078 |
|
|
$ |
— |
|
|
$ |
52,015 |
|
Cost of Goods Sold |
|
|
19,586 |
|
|
|
15,532 |
|
|
|
— |
|
|
|
35,118 |
|
Gross Profit (Loss) |
|
|
20,351 |
|
|
|
(3,454 |
) |
|
|
— |
|
|
|
16,897 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
|
|
17,513 |
|
|
|
11,009 |
|
|
|
25,634 |
|
|
|
54,156 |
|
Impairment Expense |
|
|
— |
|
|
|
— |
|
|
|
163,698 |
|
|
|
163,698 |
|
(Gain) Loss on Sale Of Assets |
|
|
(2,663 |
) |
|
|
(3,652 |
) |
|
|
(879 |
) |
|
|
(7,194 |
) |
Income (Loss) from Operations |
|
|
5,501 |
|
|
|
(10,811 |
) |
|
|
(188,453 |
) |
|
|
(193,763 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
— |
|
|
|
(170 |
) |
|
|
(4,003 |
) |
|
|
(4,173 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain (Loss) on Extinguishment of Debt |
|
|
— |
|
|
|
— |
|
|
|
542 |
|
|
|
542 |
|
Unrealized Gain (Loss) on Investments |
|
|
— |
|
|
|
— |
|
|
|
210 |
|
|
|
210 |
|
Other Income (Loss) |
|
|
210 |
|
|
|
750 |
|
|
|
590 |
|
|
|
1,550 |
|
Total Other Income (Loss) |
|
|
210 |
|
|
|
580 |
|
|
|
(2,661 |
) |
|
|
(1,871 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) Before Provision for Income Taxes |
|
$ |
5,711 |
|
|
$ |
(10,231 |
) |
|
$ |
(191,114 |
) |
|
$ |
(195,634 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
18,716 |
|
|
$ |
4,344 |
|
|
$ |
17,448 |
|
|
$ |
40,508 |
|
|
|
(in thousands) |
|
|
|
Year Ended December 31, 2021 |
|
|
|
Cannabis Retail |
|
|
Cannabis Cultivation and Distribution |
|
|
Corporate and Other |
|
|
Total |
|
Total Revenues |
|
$ |
24,540 |
|
|
$ |
17,580 |
|
|
$ |
— |
|
|
$ |
42,120 |
|
Cost of Goods Sold |
|
|
13,706 |
|
|
|
17,395 |
|
|
|
— |
|
|
|
31,101 |
|
Gross Profit |
|
|
10,834 |
|
|
|
185 |
|
|
|
— |
|
|
|
11,019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
|
|
12,327 |
|
|
|
6,876 |
|
|
|
27,111 |
|
|
|
46,314 |
|
Impairment Expense |
|
|
6,171 |
|
|
|
— |
|
|
|
— |
|
|
|
6,171 |
|
(Gain) Loss on Sale Of Assets |
|
|
— |
|
|
|
56 |
|
|
|
(3,189 |
) |
|
|
(3,133 |
) |
Income (Loss) from Operations |
|
|
(7,664 |
) |
|
|
(6,747 |
) |
|
|
(23,922 |
) |
|
|
(38,333 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
(85 |
) |
|
|
(184 |
) |
|
|
(1,506 |
) |
|
|
(1,775 |
) |
Gain (Loss) on Extinguishment of Debt |
|
|
— |
|
|
|
185 |
|
|
|
(6,161 |
) |
|
|
(5,976 |
) |
Gain (Loss) on Investments |
|
|
— |
|
|
|
— |
|
|
|
5,337 |
|
|
|
5,337 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Loss) |
|
|
110 |
|
|
|
85 |
|
|
|
(628 |
) |
|
|
(433 |
) |
Total Other Income (Loss) |
|
|
25 |
|
|
|
86 |
|
|
|
(2,958 |
) |
|
|
(2,847 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) Before Provision for Income Taxes |
|
$ |
(7,639 |
) |
|
$ |
(6,661 |
) |
|
$ |
(26,880 |
) |
|
$ |
(41,180 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
54,846 |
|
|
$ |
(5,565 |
) |
|
$ |
222,543 |
|
|
$ |
271,824 |
|
|