| Schedule of segment reporting information |
The following tables present the operating results of the Company’s segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended September 30, 2022 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
12,175 |
|
$ |
28,799 |
|
$ |
— |
|
$ |
— |
|
$ |
40,974 |
Inter-segment revenue |
|
|
— |
|
|
(487) |
|
|
— |
|
|
— |
|
|
(487) |
Net revenue |
|
$ |
12,175 |
|
$ |
28,312 |
|
$ |
— |
|
$ |
— |
|
$ |
40,487 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
418 |
|
|
115 |
|
|
533 |
Depreciation and amortization |
|
|
672 |
|
|
3,712 |
|
|
13 |
|
|
197 |
|
|
4,594 |
Wages and benefits |
|
|
1,912 |
|
|
1,159 |
|
|
1,810 |
|
|
— |
|
|
4,881 |
Impairment loss |
|
|
— |
|
|
— |
|
|
175 |
|
|
— |
|
|
175 |
Interest expense |
|
|
1,350 |
|
|
402 |
|
|
2,398 |
|
|
— |
|
|
4,150 |
Loan receivable losses |
|
|
— |
|
|
— |
|
|
133 |
|
|
— |
|
|
133 |
Net loss |
|
|
(4,513) |
|
|
(1,739) |
|
|
(9,297) |
|
|
(142) |
|
|
(15,691) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended September 30, 2021 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
11,222 |
|
$ |
42,292 |
|
$ |
— |
|
$ |
— |
|
$ |
53,514 |
Inter-segment revenue |
|
|
— |
|
|
(152) |
|
|
— |
|
|
— |
|
|
(152) |
Net revenue |
|
$ |
11,222 |
|
$ |
42,140 |
|
$ |
— |
|
$ |
— |
|
$ |
53,362 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
849 |
|
|
— |
|
|
849 |
Depreciation and amortization |
|
|
534 |
|
|
3,696 |
|
|
16 |
|
|
183 |
|
|
4,429 |
Wages and benefits |
|
|
925 |
|
|
1,254 |
|
|
2,990 |
|
|
— |
|
|
5,169 |
Impairment loss |
|
|
59 |
|
|
— |
|
|
135 |
|
|
— |
|
|
194 |
Interest expense |
|
|
88 |
|
|
135 |
|
|
2,626 |
|
|
— |
|
|
2,849 |
Net income (loss) |
|
|
2,315 |
|
|
(1,407) |
|
|
276 |
|
|
(158) |
|
|
1,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the nine months ended September 30, 2022 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
35,657 |
|
$ |
95,507 |
|
$ |
— |
|
$ |
— |
|
$ |
131,164 |
Inter-segment revenue |
|
|
— |
|
|
(1,270) |
|
|
— |
|
|
— |
|
|
(1,270) |
Net revenue |
|
$ |
35,657 |
|
$ |
94,237 |
|
$ |
— |
|
$ |
— |
|
$ |
129,894 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
1,912 |
|
|
633 |
|
|
2,545 |
Depreciation and amortization |
|
|
1,967 |
|
|
11,121 |
|
|
40 |
|
|
584 |
|
|
13,712 |
Wages and benefits |
|
|
5,163 |
|
|
3,579 |
|
|
7,642 |
|
|
— |
|
|
16,384 |
Impairment loss |
|
|
697 |
|
|
6,669 |
|
|
175 |
|
|
— |
|
|
7,541 |
Interest expense |
|
|
2,038 |
|
|
1,242 |
|
|
7,447 |
|
|
— |
|
|
10,727 |
Loan losses |
|
|
— |
|
|
— |
|
|
1,154 |
|
|
— |
|
|
1,154 |
Net loss |
|
|
(7,674) |
|
|
(17,488) |
|
|
(8,574) |
|
|
(643) |
|
|
(34,379) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the nine months ended September 30, 2021 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
32,961 |
|
$ |
116,434 |
|
$ |
— |
|
$ |
— |
|
$ |
149,395 |
Inter-segment revenue |
|
|
— |
|
|
(747) |
|
|
— |
|
|
— |
|
|
(747) |
Net revenue |
|
$ |
32,961 |
|
$ |
115,687 |
|
$ |
— |
|
$ |
— |
|
$ |
148,648 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
2,406 |
|
|
— |
|
|
2,406 |
Depreciation and amortization |
|
|
1,635 |
|
|
11,039 |
|
|
83 |
|
|
504 |
|
|
13,261 |
Wages and benefits |
|
|
2,486 |
|
|
3,667 |
|
|
7,648 |
|
|
— |
|
|
13,801 |
Impairment loss |
|
|
59 |
|
|
— |
|
|
135 |
|
|
— |
|
|
194 |
Interest expense |
|
|
539 |
|
|
219 |
|
|
6,866 |
|
|
— |
|
|
7,624 |
Net income (loss) |
|
|
4,738 |
|
|
(4,589) |
|
|
(14,929) |
|
|
(217) |
|
|
(14,997) |
|
| Schedule of revenue by geographic information |
The following table presents financial information relating to geographic areas in which the Company operated for the three and nine months ended September 30, 2022 and 2021, respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended September 30, 2022 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
36,599 |
|
$ |
3,806 |
|
$ |
82 |
|
$ |
40,487 |
Gross profit |
|
|
8,392 |
|
|
1,111 |
|
|
34 |
|
|
9,537 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended September 30, 2021 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
50,754 |
|
$ |
2,536 |
|
$ |
72 |
|
$ |
53,362 |
Gross profit |
|
|
11,839 |
|
|
717 |
|
|
26 |
|
|
12,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the nine months ended September 30, 2022 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
119,876 |
|
$ |
9,686 |
|
$ |
332 |
|
$ |
129,894 |
Gross profit |
|
|
26,982 |
|
|
2,720 |
|
|
133 |
|
|
29,835 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the nine months ended September 30, 2021 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
140,565 |
|
$ |
7,862 |
|
$ |
221 |
|
$ |
148,648 |
Gross profit |
|
|
36,480 |
|
|
2,448 |
|
|
88 |
|
|
39,016 |
|