TILT Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Reportable Segments and Revenue (Tables)

Reportable Segments and Revenue (Tables)

12 Months Ended

Dec. 31, 2023

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


	For the year ended December 31, 2023
	Cannabis		Accessories		Corporate		Other		Total
Revenue	$	47,894	$	118,728	$	—	$		$	166,622
Inter-segment revenue		—		(666)		—				(666)
Net revenue	$	47,894	$	118,062	$	—	$	—	$	165,956
Share-based compensation		—		—		(431)		(1,234)		(1,665)
Depreciation and amortization		2,923		12,953		642		100		16,618
Wages and benefits		7,924		5,593		7,603		—		21,120
Impairment loss		10,702		35		1,126		737		12,600
Interest expense		5,915		2,445		12,571		68		20,999
Loan losses		—		—		666		4,936		5,602
Net loss		(42,297)		(10,095)		(15,416)		3,991		(63,817)


	For the year ended December 31, 2022
	Cannabis		Accessories		Corporate		Other		Total
Revenue	$	48,029	$	127,665	$	—	$	—	$	175,694
Inter-segment revenue		—		(1,506)		—		—		(1,506)
Net revenue	$	48,029	$	126,159	$	—	$	—	$	174,188
Share-based compensation		—		—		2,465		862		3,327
Depreciation and amortization		2,715		14,803		54		780		18,352
Wages and benefits		7,478		4,860		9,707		—		22,045
Impairment loss		16,288		45,625		175		55		62,143
Interest expense		3,391		1,742		9,108		—		14,241
Loan losses		—		—		1,677		—		1,677
Net loss		(20,182)		(63,082)		(22,451)		(1,749)		(107,464)

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, 2023 and 2022, respectively:


	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


	For the year ended December 31, 2022
	US		Canada		Other		Total
Revenue	$	160,977	$	12,771	$	440	$	174,188
Gross profit		34,298		3,695		175		38,168