| Schedule of segment reporting |
The following tables present the operating results of the Company’s segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2024 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Total |
Revenue |
|
$ |
10,123 |
|
$ |
17,115 |
|
$ |
— |
|
$ |
27,238 |
Inter-segment revenue |
|
|
— |
|
|
(271) |
|
|
— |
|
|
(271) |
Net revenue |
|
$ |
10,123 |
|
$ |
16,844 |
|
$ |
— |
|
$ |
26,967 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
131 |
|
|
131 |
Depreciation and amortization |
|
|
646 |
|
|
3,210 |
|
|
— |
|
|
3,856 |
Wages and benefits |
|
|
1,852 |
|
|
1,349 |
|
|
1,252 |
|
|
4,453 |
Impairment loss |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Interest expense |
|
|
1,520 |
|
|
1,038 |
|
|
4,125 |
|
|
6,683 |
Net loss |
|
$ |
(4,376) |
|
$ |
(3,660) |
|
$ |
(4,613) |
|
$ |
(12,649) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2023 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
11,738 |
|
$ |
33,010 |
|
$ |
— |
|
$ |
— |
|
$ |
44,748 |
Inter-segment revenue |
|
|
— |
|
|
(193) |
|
|
— |
|
|
— |
|
|
(193) |
Net revenue |
|
$ |
11,738 |
|
$ |
32,817 |
|
$ |
— |
|
$ |
— |
|
$ |
44,555 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
190 |
|
|
— |
|
|
190 |
Depreciation and amortization |
|
|
655 |
|
|
3,236 |
|
|
— |
|
|
— |
|
|
3,891 |
Wages and benefits |
|
|
1,884 |
|
|
1,518 |
|
|
1,305 |
|
|
— |
|
|
4,707 |
Impairment loss |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Interest expense |
|
|
1,817 |
|
|
680 |
|
|
3,872 |
|
|
— |
|
|
6,369 |
Loan losses |
|
|
— |
|
|
— |
|
|
1 |
|
|
13 |
|
|
14 |
Net loss |
|
$ |
(4,365) |
|
$ |
(1,311) |
|
$ |
(3,456) |
|
$ |
469 |
|
$ |
(8,663) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2024 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
31,420 |
|
$ |
60,286 |
|
$ |
— |
|
$ |
— |
|
$ |
91,706 |
Inter-segment revenue |
|
|
— |
|
|
(654) |
|
|
— |
|
|
— |
|
|
(654) |
Net revenue |
|
$ |
31,420 |
|
$ |
59,632 |
|
$ |
— |
|
$ |
— |
|
$ |
91,052 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
261 |
|
|
— |
|
|
261 |
Depreciation and amortization |
|
|
1,942 |
|
|
9,642 |
|
|
— |
|
|
— |
|
|
11,584 |
Wages and benefits |
|
|
5,530 |
|
|
3,926 |
|
|
4,130 |
|
|
— |
|
|
13,586 |
Impairment loss |
|
|
15,740 |
|
|
— |
|
|
— |
|
|
— |
|
|
15,740 |
Interest expense |
|
|
4,469 |
|
|
2,619 |
|
|
12,430 |
|
|
— |
|
|
19,518 |
Net income (loss) |
|
$ |
(34,330) |
|
$ |
(9,968) |
|
$ |
(13,947) |
|
$ |
(2) |
|
$ |
(58,247) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2023 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
37,624 |
|
$ |
91,256 |
|
$ |
— |
|
$ |
— |
|
$ |
128,880 |
Inter-segment revenue |
|
|
— |
|
|
(462) |
|
|
— |
|
|
— |
|
|
(462) |
Net revenue |
|
$ |
37,624 |
|
$ |
90,794 |
|
$ |
— |
|
$ |
— |
|
$ |
128,418 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
(641) |
|
|
(1,234) |
|
|
(1,875) |
Depreciation and amortization |
|
|
2,270 |
|
|
9,720 |
|
|
642 |
|
|
100 |
|
|
12,732 |
Wages and benefits |
|
|
6,004 |
|
|
4,126 |
|
|
6,232 |
|
|
— |
|
|
16,362 |
Impairment loss |
|
|
3,256 |
|
|
16 |
|
|
1,126 |
|
|
737 |
|
|
5,135 |
Interest expense |
|
|
4,550 |
|
|
1,943 |
|
|
9,366 |
|
|
68 |
|
|
15,927 |
Loan losses |
|
|
— |
|
|
— |
|
|
666 |
|
|
4,936 |
|
|
5,602 |
Net (loss) income |
|
$ |
(27,400) |
|
$ |
(6,801) |
|
$ |
(11,656) |
|
$ |
3,991 |
|
$ |
(41,866) |
|
| Schedule of revenue by geographic area |
The following table presents financial information relating to geographic areas in which the Company operated for the three and nine months ended September 30, 2024 and 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2024 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
20,520 |
|
$ |
6,374 |
|
$ |
73 |
|
$ |
26,967 |
Gross profit (loss) |
|
|
3,803 |
|
|
(11) |
|
|
3 |
|
|
3,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2023 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
38,803 |
|
$ |
5,752 |
|
$ |
- |
|
$ |
44,555 |
Gross profit |
|
|
6,292 |
|
|
1,668 |
|
|
- |
|
|
7,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2024 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
78,284 |
|
$ |
12,655 |
|
$ |
113 |
|
$ |
91,052 |
Gross profit |
|
|
13,151 |
|
|
1,596 |
|
|
24 |
|
|
14,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2023 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
113,210 |
|
$ |
15,193 |
|
$ |
15 |
|
$ |
128,418 |
Gross profit |
|
|
16,689 |
|
|
4,103 |
|
|
4 |
|
|
20,796 |
|