| Schedule of segment reporting information |
The following tables present the operating results of the Company’s segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, 2022 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
12,223 |
|
$ |
35,084 |
|
$ |
— |
|
$ |
— |
|
$ |
47,307 |
Inter-segment revenue |
|
|
— |
|
|
(252) |
|
|
— |
|
|
— |
|
|
(252) |
Net revenue |
|
$ |
12,223 |
|
$ |
34,832 |
|
$ |
— |
|
$ |
— |
|
$ |
47,055 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
525 |
|
|
261 |
|
|
786 |
Depreciation and amortization |
|
|
647 |
|
|
3,709 |
|
|
13 |
|
|
191 |
|
|
4,560 |
Wages and benefits |
|
|
1,719 |
|
|
1,252 |
|
|
3,364 |
|
|
— |
|
|
6,335 |
Impairment loss |
|
|
— |
|
|
6,669 |
|
|
— |
|
|
— |
|
|
6,669 |
Interest expense |
|
|
601 |
|
|
602 |
|
|
2,593 |
|
|
— |
|
|
3,796 |
Loan receivable losses |
|
|
— |
|
|
— |
|
|
504 |
|
|
— |
|
|
504 |
Net income (loss) |
|
|
(1,940) |
|
|
(11,048) |
|
|
6,103 |
|
|
(169) |
|
|
(7,054) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, 2021 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
10,005 |
|
$ |
38,841 |
|
$ |
— |
|
$ |
— |
|
$ |
48,846 |
Inter-segment revenue |
|
|
— |
|
|
(377) |
|
|
— |
|
|
— |
|
|
(377) |
Net revenue |
|
$ |
10,005 |
|
$ |
38,464 |
|
$ |
— |
|
$ |
— |
|
$ |
48,469 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
675 |
|
|
— |
|
|
675 |
Depreciation and amortization |
|
|
541 |
|
|
3,676 |
|
|
17 |
|
|
166 |
|
|
4,400 |
Wages and benefits |
|
|
747 |
|
|
1,233 |
|
|
2,569 |
|
|
— |
|
|
4,549 |
Impairment loss |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Interest expense |
|
|
57 |
|
|
41 |
|
|
2,222 |
|
|
— |
|
|
2,320 |
Loan losses |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Net loss |
|
|
440 |
|
|
(1,619) |
|
|
2,242 |
|
|
(29) |
|
|
1,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six months ended June 30, 2022 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
23,482 |
|
$ |
66,708 |
|
$ |
— |
|
$ |
— |
|
$ |
90,190 |
Inter-segment revenue |
|
|
— |
|
|
(783) |
|
|
— |
|
|
— |
|
|
(783) |
Net revenue |
|
$ |
23,482 |
|
$ |
65,925 |
|
$ |
— |
|
$ |
— |
|
$ |
89,407 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
1,494 |
|
|
518 |
|
|
2,012 |
Depreciation and amortization |
|
|
1,295 |
|
|
7,409 |
|
|
27 |
|
|
387 |
|
|
9,118 |
Wages and benefits |
|
|
3,251 |
|
|
2,420 |
|
|
5,832 |
|
|
— |
|
|
11,503 |
Impairment loss |
|
|
697 |
|
|
6,669 |
|
|
— |
|
|
— |
|
|
7,366 |
Interest expense |
|
|
688 |
|
|
840 |
|
|
5,049 |
|
|
— |
|
|
6,577 |
Loan losses |
|
|
— |
|
|
— |
|
|
1,021 |
|
|
— |
|
|
1,021 |
Net loss |
|
|
(3,161) |
|
|
(15,749) |
|
|
723 |
|
|
(501) |
|
|
(18,688) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six months ended June 30, 2021 |
|
|
Cannabis |
|
Accessories |
|
Corporate |
|
Other |
|
Total |
Revenue |
|
$ |
21,739 |
|
$ |
74,142 |
|
$ |
— |
|
$ |
— |
|
$ |
95,881 |
Inter-segment revenue |
|
|
— |
|
|
(595) |
|
|
— |
|
|
— |
|
|
(595) |
Net revenue |
|
$ |
21,739 |
|
$ |
73,547 |
|
$ |
— |
|
$ |
— |
|
$ |
95,286 |
Share-based compensation |
|
|
— |
|
|
— |
|
|
1,557 |
|
|
— |
|
|
1,557 |
Depreciation and amortization |
|
|
1,101 |
|
|
7,343 |
|
|
67 |
|
|
321 |
|
|
8,832 |
Wages and benefits |
|
|
1,561 |
|
|
2,413 |
|
|
4,658 |
|
|
— |
|
|
8,632 |
Interest expense |
|
|
451 |
|
|
84 |
|
|
4,240 |
|
|
— |
|
|
4,775 |
Net income (loss) |
|
|
2,423 |
|
|
(3,182) |
|
|
(15,205) |
|
|
(59) |
|
|
(16,023) |
|
| 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 six months ended June 30, 2022 and 2021, respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, 2022 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
43,370 |
|
$ |
3,585 |
|
$ |
100 |
|
$ |
47,055 |
Gross profit |
|
|
9,963 |
|
|
940 |
|
|
42 |
|
|
10,945 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, 2021 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
45,315 |
|
$ |
3,087 |
|
$ |
67 |
|
$ |
48,469 |
Gross profit |
|
|
11,390 |
|
|
1,471 |
|
|
28 |
|
|
12,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six months ended June 30, 2022 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
83,277 |
|
$ |
5,880 |
|
$ |
250 |
|
$ |
89,407 |
Gross profit |
|
|
18,590 |
|
|
1,609 |
|
|
99 |
|
|
20,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six months ended June 30, 2021 |
|
|
US |
|
Canada |
|
Other |
|
Total |
Revenue |
|
$ |
89,811 |
|
$ |
5,326 |
|
$ |
149 |
|
$ |
95,286 |
Gross profit |
|
|
24,641 |
|
|
1,731 |
|
|
62 |
|
|
26,434 |
|