| Schedule of segment reporting |
The following tables present the operating results of the Company’s segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Total |
Revenue |
|
$ |
8,595 |
|
$ |
14,285 |
|
$ |
— |
|
$ |
22,880 |
Inter-segment revenue |
|
|
— |
|
|
(155) |
|
|
— |
|
|
(155) |
Net revenue |
|
$ |
8,595 |
|
$ |
14,130 |
|
$ |
— |
|
$ |
22,725 |
Cost of goods sold |
|
|
8,741 |
|
|
10,592 |
|
|
— |
|
|
19,333 |
Wages and benefits |
|
|
1,855 |
|
|
979 |
|
|
1,038 |
|
|
3,872 |
Professional fees |
|
|
103 |
|
|
193 |
|
|
681 |
|
|
977 |
Depreciation and amortization |
|
|
659 |
|
|
1,961 |
|
|
— |
|
|
2,620 |
Interest expense |
|
|
1,885 |
|
|
906 |
|
|
4,772 |
|
|
7,563 |
Other segment (income) expenses |
|
|
765 |
|
|
2,297 |
|
|
(1,462) |
|
|
1,600 |
Net loss |
|
$ |
(5,413) |
|
$ |
(2,798) |
|
$ |
(5,029) |
|
$ |
(13,240) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2024 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Total |
Revenue |
|
$ |
10,389 |
|
$ |
27,369 |
|
$ |
— |
|
$ |
37,758 |
Inter-segment revenue |
|
|
— |
|
|
(254) |
|
|
— |
|
|
(254) |
Net revenue |
|
$ |
10,389 |
|
$ |
27,115 |
|
$ |
— |
|
$ |
37,504 |
Cost of goods sold |
|
|
8,672 |
|
|
22,115 |
|
|
— |
|
|
30,787 |
Wages and benefits |
|
|
1,852 |
|
|
1,267 |
|
|
1,377 |
|
|
4,496 |
Professional fees |
|
|
147 |
|
|
233 |
|
|
1,006 |
|
|
1,386 |
Depreciation and amortization |
|
|
647 |
|
|
3,219 |
|
|
— |
|
|
3,866 |
Impairment loss |
|
|
12 |
|
|
— |
|
|
— |
|
|
12 |
Interest expense |
|
|
1,369 |
|
|
925 |
|
|
3,749 |
|
|
6,043 |
Other segment (income) expenses |
|
|
(436) |
|
|
1,937 |
|
|
(936) |
|
|
565 |
Net loss |
|
$ |
(1,874) |
|
$ |
(2,581) |
|
$ |
(5,196) |
|
$ |
(9,651) |
|
| 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, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
20,704 |
|
$ |
1,838 |
|
$ |
183 |
|
$ |
22,725 |
Gross profit |
|
|
3,145 |
|
|
196 |
|
|
51 |
|
|
3,392 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|