| Schedule of segment reporting |
The following tables present the operating results of the Company’s segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Total |
Revenue |
|
$ |
2,841 |
|
$ |
7,715 |
|
$ |
— |
|
$ |
10,556 |
Inter-segment revenue |
|
|
— |
|
|
(70) |
|
|
— |
|
|
(70) |
Net revenue |
|
$ |
2,841 |
|
$ |
7,645 |
|
$ |
— |
|
$ |
10,486 |
Cost of goods sold |
|
|
2,930 |
|
|
5,736 |
|
|
— |
|
|
8,666 |
Wages and benefits |
|
|
505 |
|
|
992 |
|
|
887 |
|
|
2,384 |
Professional fees |
|
|
42 |
|
|
274 |
|
|
587 |
|
|
903 |
Depreciation and amortization |
|
|
358 |
|
|
1,961 |
|
|
— |
|
|
2,319 |
Interest expense |
|
|
727 |
|
|
809 |
|
|
6,060 |
|
|
7,596 |
Other segment (income) expenses |
|
|
(1,280) |
|
|
1,421 |
|
|
(2,372) |
|
|
(2,231) |
Net loss from continuing operations |
|
|
(441) |
|
|
(3,548) |
|
|
(5,162) |
|
|
(9,151) |
Net loss from discontinued operations |
|
|
(2,911) |
|
|
— |
|
|
— |
|
|
(2,911) |
Net loss |
|
$ |
(3,352) |
|
$ |
(3,548) |
|
$ |
(5,162) |
|
$ |
(12,062) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2024 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Total |
Revenue |
|
$ |
3,306 |
|
$ |
16,310 |
|
$ |
— |
|
$ |
19,616 |
Inter-segment revenue |
|
|
— |
|
|
(637) |
|
|
— |
|
|
(637) |
Net revenue |
|
$ |
3,306 |
|
$ |
15,673 |
|
$ |
— |
|
$ |
18,979 |
Cost of goods sold |
|
|
2,479 |
|
|
12,914 |
|
|
— |
|
|
15,393 |
Wages and benefits |
|
|
359 |
|
|
1,308 |
|
|
1,502 |
|
|
3,169 |
Professional fees |
|
|
57 |
|
|
97 |
|
|
1,101 |
|
|
1,255 |
Depreciation and amortization |
|
|
262 |
|
|
3,212 |
|
|
— |
|
|
3,474 |
Impairment loss |
|
|
5 |
|
|
— |
|
|
— |
|
|
5 |
Interest expense |
|
|
144 |
|
|
654 |
|
|
4,579 |
|
|
5,377 |
Other segment (income) expenses |
|
|
7,786 |
|
|
1,211 |
|
|
(2,141) |
|
|
6,856 |
Net loss from continuing operations |
|
|
(7,786) |
|
|
(3,723) |
|
|
(5,041) |
|
|
(16,550) |
Net loss from discontinued operations |
|
|
(19,397) |
|
|
— |
|
|
— |
|
|
(19,397) |
Net loss |
|
$ |
(27,183) |
|
$ |
(3,723) |
|
$ |
(5,041) |
|
$ |
(35,947) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Total |
Revenue |
|
$ |
5,642 |
|
$ |
22,001 |
|
$ |
— |
|
$ |
27,643 |
Inter-segment revenue |
|
|
— |
|
|
(226) |
|
|
— |
|
|
(226) |
Net revenue |
|
$ |
5,642 |
|
$ |
21,775 |
|
$ |
— |
|
$ |
27,417 |
Cost of goods sold |
|
|
6,250 |
|
|
16,327 |
|
|
— |
|
|
22,577 |
Wages and benefits |
|
|
941 |
|
|
1,971 |
|
|
1,925 |
|
|
4,837 |
Professional fees |
|
|
93 |
|
|
467 |
|
|
1,267 |
|
|
1,827 |
Depreciation and amortization |
|
|
676 |
|
|
3,923 |
|
|
— |
|
|
4,599 |
Interest expense |
|
|
1,150 |
|
|
1,715 |
|
|
10,833 |
|
|
13,698 |
Other segment (income) expenses |
|
|
(1,593) |
|
|
3,718 |
|
|
(3,833) |
|
|
(1,708) |
Net loss from continuing operations |
|
|
(1,875) |
|
|
(6,346) |
|
|
(10,192) |
|
|
(18,413) |
Net loss from discontinued operations |
|
|
(6,889) |
|
|
— |
|
|
— |
|
|
(6,889) |
Net loss |
|
$ |
(8,764) |
|
$ |
(6,346) |
|
$ |
(10,192) |
|
$ |
(25,302) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2024 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Total |
Revenue |
|
$ |
6,122 |
|
$ |
43,171 |
|
$ |
— |
|
$ |
49,293 |
Inter-segment revenue |
|
|
— |
|
|
(383) |
|
|
— |
|
|
(383) |
Net revenue |
|
$ |
6,122 |
|
$ |
42,788 |
|
$ |
— |
|
$ |
48,910 |
Cost of goods sold |
|
|
4,874 |
|
|
35,028 |
|
|
— |
|
|
39,902 |
Wages and benefits |
|
|
717 |
|
|
2,577 |
|
|
2,879 |
|
|
6,173 |
Professional fees |
|
|
123 |
|
|
330 |
|
|
2,108 |
|
|
2,561 |
Depreciation and amortization |
|
|
523 |
|
|
6,432 |
|
|
— |
|
|
6,955 |
Impairment loss |
|
|
5 |
|
|
— |
|
|
— |
|
|
5 |
Interest expense |
|
|
166 |
|
|
1,580 |
|
|
8,306 |
|
|
10,052 |
Other segment (income) expenses |
|
|
7,279 |
|
|
3,149 |
|
|
(3,957) |
|
|
6,471 |
Net loss from continuing operations |
|
|
(7,565) |
|
|
(6,308) |
|
|
(9,336) |
|
|
(23,209) |
Net loss from discontinued operations |
|
|
(22,389) |
|
|
— |
|
|
— |
|
|
(22,389) |
Net loss |
|
$ |
(29,954) |
|
$ |
(6,308) |
|
$ |
(9,336) |
|
$ |
(45,598) |
|
| 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 six months ended June 30, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
9,890 |
|
$ |
550 |
|
$ |
46 |
|
$ |
10,486 |
Gross profit |
|
|
1,686 |
|
|
113 |
|
|
21 |
|
|
1,820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2024 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
16,806 |
|
$ |
2,142 |
|
$ |
31 |
|
$ |
18,979 |
Gross profit |
|
|
3,081 |
|
|
484 |
|
|
21 |
|
|
3,586 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
25,718 |
|
$ |
1,568 |
|
$ |
131 |
|
$ |
27,417 |
Gross profit |
|
|
4,459 |
|
|
321 |
|
|
60 |
|
|
4,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2024 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
42,589 |
|
$ |
6,281 |
|
$ |
40 |
|
$ |
48,910 |
Gross profit |
|
|
7,380 |
|
|
1,607 |
|
|
21 |
|
|
9,008 |
|