Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.22.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment Our reportable segments are as follows:
(in thousands)
Total Revenue % of Total Revenue
Three Months Ended March 31, Three Months Ended March 31,
Segment 2022 2021 2022 2021
Cannabis Retail $ 12,109  $ 1,699  58.4  % 82.6  %
Cannabis Cultivation & Distribution 8,616  358  41.6  % 17.4  %
Total $ 20,725  $ 2,057  100.0  % 100.0  %
(in thousands)
Three Months Ended March 31, 2022
Cannabis Retail Cannabis Cultivation & Distribution Corporate & Other Total
Total revenues $ 12,109  $ 8,616  $ —  $ 20,725 
Cost of goods sold 6,881  7,411  —  14,292 
Gross profit 5,228  1,205  —  6,433 
Selling, general and administrative expenses 5,025  4,600  9,142  18,767 
(Gain) Loss on sale of assets —  —  (198) (198)
Income (Loss) from operations 203  (3,395) (8,945) (12,136)
Other income (expense):
Interest expense —  (165) (1,601) (1,766)
Gain on extinguishment of debt —  —  542  542 
Other income (loss) 78  415  541  1,034 
Total other income 78  250  (518) (190)
Loss before provision for income taxes $ 281  $ (3,145) $ (9,463) $ (12,326)
Total assets at March 31, 2022 $ 52,125  $ 580  $ 197,097  $ 249,802 
(in thousands)
Three Months Ended March 31, 2021
Cannabis Retail Cannabis Cultivation & Distribution Corporate & Other Total
Total revenues $ 1,699  $ 357  $ —  $ 2,057 
Cost of goods sold 956  910  —  1,866 
Gross profit 743  (553) —  191 
Selling, general and administrative expenses 1,248  362  11,040  12,650 
Income (Loss) from operations (505) (915) (11,040) (12,459)
Other income (expense):
Interest expense —  —  (71) (71)
Loss on extinguishment of debt —  —  (6,161) (6,161)
Unrealized gain (loss) on investments —  —  6,212  6,212 
Other income (loss) —  —  345  345 
Total other income —  —  325  325 
Loss before provision for income taxes $ (505) $ (915) $ (10,715) $ (12,134)
Total assets at March 31, 2021 $ 20,062  $ 11,847  $ 75,310  $ 107,219