| Schedule of Segment Reporting Information, by Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
Total Revenue |
|
% of Total Revenue |
|
|
Year Ended December 31, |
|
Year Ended December 31, |
| Segment |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
| Cannabis Retail |
|
$ |
24,540 |
|
|
$ |
5,400 |
|
|
51.5 |
% |
|
87.6 |
% |
| Cannabis Cultivation & Distribution |
|
$ |
23,131 |
|
|
$ |
460 |
|
|
48.5 |
% |
|
7.5 |
% |
| Corporate and Other |
|
$ |
2 |
|
|
$ |
301 |
|
|
— |
% |
|
4.9 |
% |
| Total |
|
$ |
47,673
|
|
|
$ |
6,161
|
|
|
100.0
|
% |
|
100.0
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
|
For the Year Ended December 31, 2021 |
|
|
Cannabis Retail |
|
Cannabis Cultivation and Distribution |
|
Corporate and Other |
|
Total |
| Total Revenues |
|
$ |
24,540 |
|
|
$ |
23,131 |
|
|
$ |
2 |
|
|
$ |
47,673 |
|
| Cost of goods sold |
|
13,706 |
|
|
22,000 |
|
|
— |
|
|
35,706 |
|
| Gross Profit |
|
10,834 |
|
|
1,131 |
|
|
2 |
|
|
11,967 |
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative expenses |
|
12,327 |
|
|
7,961 |
|
|
27,969 |
|
|
48,257 |
|
| Impairment of Assets |
|
6,171 |
|
|
— |
|
|
— |
|
|
6,171 |
|
| (Gain) / Loss on sale of assets |
|
— |
|
|
56 |
|
|
(3,189) |
|
|
(3,133) |
|
| Loss from operations |
|
(7,664) |
|
|
(6,886) |
|
|
(24,778) |
|
|
(39,328) |
|
|
|
|
|
|
|
|
|
|
| Other income / (expense): |
|
|
|
|
|
|
|
|
| Extinguishment of debt income / (expense) |
|
— |
|
|
116 |
|
|
(6,092) |
|
|
(5,976) |
|
| Gain / (loss) on investments |
|
— |
|
|
— |
|
|
5,337 |
|
|
5,337 |
|
| Interest income / (expense) |
|
(85) |
|
|
(186) |
|
|
(1,505) |
|
|
(1,776) |
|
| Other income / (loss) |
|
110 |
|
|
85 |
|
|
(628) |
|
|
(433) |
|
| Total other income |
|
25 |
|
|
15 |
|
|
(2,888) |
|
|
(2,848) |
|
|
|
|
|
|
|
|
|
|
| Loss from continuing operations before provision for income taxes |
|
$ |
(7,639) |
|
|
$ |
(6,871) |
|
|
$ |
(27,666) |
|
|
$ |
(42,176) |
|
|
|
|
|
|
|
|
|
|
| Total assets at December 31, 2021 |
|
$ |
67,821 |
|
|
$ |
476 |
|
|
$ |
203,527 |
|
|
$ |
271,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
|
For the Year Ended December 31, 2020 |
|
|
Cannabis Retail |
|
Cannabis Cultivation and Distribution |
|
Corporate and Other |
|
Total |
| Total Revenues |
|
$ |
5,400 |
|
|
$ |
460 |
|
|
$ |
301 |
|
|
$ |
6,161 |
|
| Cost of goods sold |
|
2,253 |
|
|
293 |
|
|
972 |
|
|
3,518 |
|
| Gross Profit |
|
3,147 |
|
|
167 |
|
|
(671) |
|
|
2,643 |
|
|
|
|
|
|
|
|
|
|
| Selling, General and Administrative Expenses |
|
7,145 |
|
|
1,307 |
|
|
10,867 |
|
|
19,319 |
|
| Impairment of Assets |
|
19,910 |
|
|
— |
|
|
— |
|
|
19,910 |
|
| (Gain) / Loss on sale of assets |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Loss from operations |
|
(23,908) |
|
|
(1,140) |
|
|
(11,538) |
|
|
(36,586) |
|
|
|
|
|
|
|
|
|
|
| Other income / (expense): |
|
|
|
|
|
|
|
|
| Interest income/(expense) |
|
— |
|
|
— |
|
|
(1,394) |
|
|
(1,394) |
|
| Unrealized gain/(loss) on investments |
|
— |
|
|
— |
|
|
29,045 |
|
|
29,045 |
|
| Other income / (loss) |
|
755 |
|
|
65 |
|
|
109 |
|
|
929 |
|
| Total other income |
|
755 |
|
|
65 |
|
|
27,760 |
|
|
28,580 |
|
|
|
|
|
|
|
|
|
|
| Loss before provision for income taxes |
|
$ |
(23,153) |
|
|
$ |
(1,075) |
|
|
$ |
16,222 |
|
|
$ |
(8,006) |
|
|
|
|
|
|
|
|
|
|
| Total assets at December 31, 2020 |
|
$ |
13,342 |
|
|
$ |
37,390 |
|
|
$ |
49,563 |
|
|
$ |
100,294 |
|
|