Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION (Tables)

v3.22.1
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
(in thousands)
Total Revenue
% of Total Revenue
Year Ended December 31, Year Ended December 31,
Segment 2021 2020 2021 2020
Cannabis Retail $ 24,540  $ 5,400  51.5  % 87.6  %
Cannabis Cultivation & Distribution $ 23,131  $ 460  48.5  % 7.5  %
Corporate and Other $ $ 301  —  % 4.9  %
Total $ 47,673  $ 6,161  100.0  % 100.0  %
(in thousands)
For the Year Ended December 31, 2021
Cannabis Retail Cannabis Cultivation and Distribution Corporate and Other Total
Total Revenues $ 24,540  $ 23,131  $ $ 47,673 
Cost of goods sold 13,706  22,000  —  35,706 
Gross Profit 10,834  1,131  11,967 
Selling, general and administrative expenses 12,327  7,961  27,969  48,257 
Impairment of Assets 6,171  —  —  6,171 
(Gain) / Loss on sale of assets —  56  (3,189) (3,133)
Loss from operations (7,664) (6,886) (24,778) (39,328)
Other income / (expense):
Extinguishment of debt income / (expense) —  116  (6,092) (5,976)
Gain / (loss) on investments —  —  5,337  5,337 
Interest income / (expense) (85) (186) (1,505) (1,776)
Other income / (loss) 110  85  (628) (433)
Total other income 25  15  (2,888) (2,848)
Loss from continuing operations before provision for income taxes $ (7,639) $ (6,871) $ (27,666) $ (42,176)
Total assets at December 31, 2021 $ 67,821  $ 476  $ 203,527  $ 271,824 
(in thousands)
For the Year Ended December 31, 2020
Cannabis Retail Cannabis Cultivation and Distribution Corporate and Other Total
Total Revenues $ 5,400  $ 460  $ 301  $ 6,161 
Cost of goods sold 2,253  293  972  3,518 
Gross Profit 3,147  167  (671) 2,643 
Selling, General and Administrative Expenses 7,145  1,307  10,867  19,319 
Impairment of Assets 19,910  —  —  19,910 
(Gain) / Loss on sale of assets —  —  —  — 
Loss from operations (23,908) (1,140) (11,538) (36,586)
Other income / (expense):
Interest income/(expense) —  —  (1,394) (1,394)
Unrealized gain/(loss) on investments —  —  29,045  29,045 
Other income / (loss) 755  65  109  929 
Total other income 755  65  27,760  28,580 
Loss before provision for income taxes $ (23,153) $ (1,075) $ 16,222  $ (8,006)
Total assets at December 31, 2020 $ 13,342  $ 37,390  $ 49,563  $ 100,294