Annual report [Section 13 and 15(d), not S-K Item 405]

Reportable Segments and Revenue (Tables)

v3.25.1
Reportable Segments and Revenue (Tables)
12 Months Ended
Dec. 31, 2024
Reportable Segments and Revenue  
Schedule of segment reporting

The following tables present the operating results of the Company’s segments:

For the year ended December 31, 2024

    

Cannabis

    

Accessories

    

Corporate

    

Total

Revenue

$

38,570

$

77,934

$

$

116,504

Inter-segment revenue

(890)

(890)

Net revenue

$

38,570

$

77,044

$

$

115,614

Cost of goods sold

34,471

61,090

95,561

Depreciation and amortization

2,589

12,850

15,439

Wages and benefits

7,243

5,193

5,268

17,704

Professional fees

418

781

3,596

4,795

Impairment loss

15,794

27,299

43,093

Interest expense

6,035

3,377

16,976

26,388

Loan losses

Other segment (income) expenses

16,410

2,992

(7,098)

12,304

Net loss

$

(44,390)

$

(36,538)

$

(18,742)

$

(99,670)

For the year ended December 31, 2023

    

Cannabis

    

Accessories

    

Corporate

    

Total

Revenue

$

47,894

$

118,728

$

$

166,622

Inter-segment revenue

(666)

(666)

Net revenue

$

47,894

$

118,062

$

$

165,956

Cost of goods sold

45,744

95,836

141,580

Depreciation and amortization

2,923

12,953

742

16,618

Wages and benefits

7,924

5,593

7,603

21,120

Professional fees

817

1,054

3,790

5,661

Impairment loss

10,702

35

1,863

12,600

Interest expense

5,915

2,445

12,639

20,999

Loan losses

5,602

5,602

Other segment (income) expenses

16,166

10,241

(20,814)

5,593

Net loss

$

(42,297)

$

(10,095)

$

(11,425)

$

(63,817)

Schedule of revenue by geographic area

The following table presents financial information relating to geographic areas in which the Company operated for the years ended December 31, 2024 and 2023, respectively:

For the year ended December 31, 2024

US

Canada

Other

Total

Revenue

$

100,832

$

14,561

$

221

$

115,614

Gross profit

17,928

2,076

49

20,053

For the year ended December 31, 2023

US

Canada

Other

Total

Revenue

$

145,690

$

19,810

$

456

$

165,956

Gross profit

19,009

5,174

193

24,376