| Schedule of summarized financial information |
|
|
As of and For the Three Months Ended June 30, 2020
(Unaudited)
(in thousands)
|
|
|
|
Cannabis |
|
|
Corporate / CBD |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Total Revenues |
|
$ |
3,007 |
|
|
$ |
301 |
|
|
$ |
3,308 |
|
Cost of Goods Sold |
|
|
1,759 |
|
|
|
157 |
|
|
|
1,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
1,248 |
|
|
|
144 |
|
|
|
1,392 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
|
|
3,606 |
|
|
|
3,770 |
|
|
|
7,377 |
|
Impairment of Assets |
|
|
4,998 |
|
|
|
6,316 |
|
|
|
11,314 |
|
(Gain) / Loss on Sale of Assets |
|
|
- |
|
|
|
- |
|
|
|
- |
|
(Gain) / Loss on Interest in Joint Venture |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
|
(7,356 |
) |
|
|
(9,943 |
) |
|
|
(17,299 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income (Expense) |
|
|
(243 |
) |
|
|
(599 |
) |
|
|
(842 |
) |
Other Income / (Loss) |
|
|
(89 |
) |
|
|
1 |
|
|
|
(88 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
(332 |
) |
|
|
(598 |
) |
|
|
(930 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) from continuing operations |
|
$ |
(7,688 |
) |
|
$ |
(10,541 |
) |
|
$ |
(18,229 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets at June 30, 2020 |
|
$ |
69,684 |
|
|
$ |
20,862 |
|
|
$ |
90,546 |
|
|
|
As of and For the Six Months Ended June 30, 2020
(Unaudited)
(in thousands)
|
|
|
|
Cannabis |
|
|
Corporate / CBD |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Total Revenues |
|
$ |
6,753 |
|
|
$ |
868 |
|
|
$ |
7,621 |
|
Cost of Goods Sold |
|
|
3,181 |
|
|
|
710 |
|
|
|
3,891 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
3,572 |
|
|
|
158 |
|
|
|
3,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
|
|
7,484 |
|
|
|
8,929 |
|
|
|
16,414 |
|
Impairment of Assets |
|
|
10,118 |
|
|
|
6,316 |
|
|
|
16,434 |
|
(Gain) / Loss on Sale of Assets |
|
|
(35 |
) |
|
|
- |
|
|
|
(35 |
) |
(Gain) / Loss on Interest in Joint Venture |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
|
(13,995 |
) |
|
|
(15,087 |
) |
|
|
(29,082 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income (Expense) |
|
|
(488 |
) |
|
|
(1,256 |
) |
|
|
(1,744 |
) |
Other Income / (Loss) |
|
|
(51 |
) |
|
|
28 |
|
|
|
(23 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
(539 |
) |
|
|
(1,228 |
) |
|
|
(1,767 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) from continuing operations |
|
$ |
(14,534 |
) |
|
$ |
(16,315 |
) |
|
$ |
(30,849 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets at June 30, 2020 |
|
$ |
69,684 |
|
|
$ |
20,862 |
|
|
$ |
90,546 |
|
|
|
As of and For the Three Months Ended June 30, 2019
(Unaudited)
(in thousands)
|
|
|
|
Cannabis |
|
|
Corporate / CBD |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Total Revenues |
|
$ |
4,477 |
|
|
$ |
- |
|
|
$ |
4,477 |
|
Cost of Goods Sold |
|
|
2,177 |
|
|
|
- |
|
|
|
2,177 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,300 |
|
|
|
- |
|
|
|
2,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
|
|
3,402 |
|
|
|
5,211 |
|
|
|
8,613 |
|
Impairment of Assets |
|
|
114 |
|
|
|
396 |
|
|
|
510 |
|
(Gain) / Loss on Sale of Assets |
|
|
- |
|
|
|
- |
|
|
|
- |
|
(Gain) / Loss on Interest in Joint Venture |
|
|
(0 |
) |
|
|
- |
|
|
|
(0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
|
(1,215 |
) |
|
|
(5,607 |
) |
|
|
(6,822 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income (Expense) |
|
|
(305 |
) |
|
|
(3,314 |
) |
|
|
(3,620 |
) |
Other Income / (Loss) |
|
|
(12 |
) |
|
|
997 |
|
|
|
985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
(318 |
) |
|
|
(2,318 |
) |
|
|
(2,635 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) from continuing operations |
|
$ |
(1,533 |
) |
|
$ |
(7,924 |
) |
|
$ |
(9,457 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets at June 30, 2019 |
|
$ |
92,974 |
|
|
$ |
9,941 |
|
|
$ |
102,916 |
|
|
|
As of and For the Six Months Ended June 30, 2019
(Unaudited)
(in thousands)
|
|
|
|
Cannabis |
|
|
Corporate / CBD |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
Total Revenues |
|
$ |
6,522 |
|
|
$ |
- |
|
|
$ |
6,522 |
|
Cost of Goods Sold |
|
|
2,622 |
|
|
|
- |
|
|
|
2,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
3,900 |
|
|
|
- |
|
|
|
3,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
|
|
6,454 |
|
|
|
10,750 |
|
|
|
17,204 |
|
Impairment of Assets |
|
|
114 |
|
|
|
396 |
|
|
|
510 |
|
(Gain) / Loss on Sale of Assets |
|
|
- |
|
|
|
- |
|
|
|
- |
|
(Gain) / Loss on Interest in Joint Venture |
|
|
1,067 |
|
|
|
- |
|
|
|
1,067 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
|
|
(3,734 |
) |
|
|
(11,146 |
) |
|
|
(14,880 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income (Expense) |
|
|
(532 |
) |
|
|
(6,015 |
) |
|
|
(6,548 |
) |
Other Income / (Loss) |
|
|
(12 |
) |
|
|
1,009 |
|
|
|
997 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
(545 |
) |
|
|
(5,007 |
) |
|
|
(5,551 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) from continuing operations |
|
$ |
(4,279 |
) |
|
$ |
(16,152 |
) |
|
$ |
(20,431 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets at June 30, 2019 |
|
$ |
92,974 |
|
|
$ |
9,941 |
|
|
$ |
102,916 |
|
|