| Schedule of segment reporting |
The following tables present the operating results of the Company’s segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2024 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
10,389 |
|
$ |
27,369 |
|
$ |
— |
|
$ |
— |
|
$ |
37,758 |
Inter-segment revenue |
|
|
— |
|
|
(254) |
|
|
— |
|
|
— |
|
|
(254) |
Net revenue |
|
$ |
10,389 |
|
$ |
27,115 |
|
$ |
— |
|
$ |
— |
|
$ |
37,504 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
107 |
|
|
— |
|
|
107 |
Depreciation and amortization |
|
|
647 |
|
|
3,219 |
|
|
— |
|
|
— |
|
|
3,866 |
Wages and benefits |
|
|
1,852 |
|
|
1,267 |
|
|
1,377 |
|
|
— |
|
|
4,496 |
Impairment loss |
|
|
12 |
|
|
— |
|
|
— |
|
|
— |
|
|
12 |
Interest expense |
|
|
1,369 |
|
|
925 |
|
|
3,749 |
|
|
— |
|
|
6,043 |
Net loss |
|
$ |
(1,874) |
|
$ |
(2,581) |
|
$ |
(5,194) |
|
$ |
(2) |
|
$ |
(9,651) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2023 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
12,961 |
|
$ |
29,413 |
|
$ |
— |
|
$ |
— |
|
$ |
42,374 |
Inter-segment revenue |
|
|
— |
|
|
(110) |
|
|
— |
|
|
— |
|
|
(110) |
Net revenue |
|
$ |
12,961 |
|
$ |
29,303 |
|
$ |
— |
|
$ |
— |
|
$ |
42,264 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
241 |
|
|
52 |
|
|
293 |
Depreciation and amortization |
|
|
794 |
|
|
3,238 |
|
|
14 |
|
|
83 |
|
|
4,129 |
Wages and benefits |
|
|
2,221 |
|
|
1,273 |
|
|
2,290 |
|
|
— |
|
|
5,784 |
Impairment loss |
|
|
48 |
|
|
— |
|
|
140 |
|
|
— |
|
|
188 |
Interest expense |
|
|
1,356 |
|
|
642 |
|
|
2,094 |
|
|
— |
|
|
4,092 |
Loan losses |
|
|
— |
|
|
— |
|
|
388 |
|
|
— |
|
|
388 |
Net (loss) income |
|
$ |
(6,648) |
|
$ |
(2,650) |
|
$ |
(3,613) |
|
$ |
8,045 |
|
$ |
(4,866) |
|
| Schedule of revenue by geographic area |
The following table presents financial information relating to geographic areas in which the Company operated for the three months ended March 31, 2024 and 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2024 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
33,356 |
|
$ |
4,139 |
|
$ |
9 |
|
$ |
37,504 |
Gross profit |
|
|
5,594 |
|
|
1,123 |
|
|
- |
|
|
6,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2023 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
38,175 |
|
$ |
4,080 |
|
$ |
9 |
|
$ |
42,264 |
Gross profit |
|
|
7,790 |
|
|
1,002 |
|
|
4 |
|
|
8,796 |
|