v3.23.3
Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Revenue $ 89,621 $ 66,567 $ 231,778 $ 179,848
Excise and cultivation tax (381) (324) (1,016) (1,060)
Revenue, net 89,240 66,243 230,762 178,788
Cost of Sales 41,435 35,112 112,831 108,082
Gross profit 47,805 31,131 117,931 70,706
Operating expenses:        
General and administrative 29,299 27,404 87,505 81,753
Amortization and depreciation 2,664 2,600 6,935 7,356
Impairment of intangible assets   152,928   152,928
Impairment of goodwill   178,314   178,314
Impairment of property and equipment     345  
Total operating expenses 31,963 361,246 94,785 420,351
Income (loss) from operations 15,842 (330,115) 23,146 (349,645)
Other (income) expense        
(Gain) loss from revaluation of contingent consideration (645) 36 (645) 189
Loss (gain) on fair value of warrants and purchase option derivative assets 3,217 (5,497) 2,564 (58,555)
Gain on disposal of fixed assets (1,879)   (1,879)  
Finance and other expenses 10,083 9,245 28,341 29,563
Transaction and restructuring costs   343 392 1,585
Unrealized and realized foreign exchange (gain) loss (43) 583 (175) 624
Unrealized and realized loss (gain) on investments 5 (231) 2,365 3
Income (loss) from continuing operations before provision for (benefit from) income taxes 5,104 (334,594) (7,817) (323,054)
Provision for (benefit from) income taxes 13,543 (34,033) 32,655 (25,602)
Net loss from continuing operations (8,439) (300,561) (40,472) (297,452)
Discontinued operations:        
Loss from discontinued operations, net of tax (232) (10,424) (4,444) (15,377)
Net loss (8,671) (310,985) (44,916) (312,829)
Foreign currency translation (280) (2,758) 475 1,129
Comprehensive loss (8,391) (308,227) (45,391) (313,958)
Net loss from continuing operations attributable to:        
Common and proportionate Shareholders of the Company (10,601) (302,788) (46,963) (300,975)
Non-controlling interests 2,162 2,227 6,491 3,523
Comprehensive loss from continuing operations attributable to:        
Common and proportionate Shareholders of the Company (10,553) (310,454) (51,882) (317,481)
Non-controlling interests $ 2,162 $ 2,227 $ 6,491 $ 3,523
Net loss per share - basic:        
Continuing operations $ (0.04) $ (1.19) $ (0.17) $ (1.26)
Discontinued operations   (0.04) (0.02) (0.06)
Net loss per share - basic $ (0.04) $ (1.23) $ (0.19) $ (1.32)
Weighted average number of outstanding common and proportionate voting shares 287,072,972 254,355,792 276,562,869 239,567,866
Net loss per share - diluted:        
Continuing operations $ (0.04) $ (1.19) $ (0.17) $ (1.26)
Discontinued operations   (0.04) (0.02) (0.06)
Net loss per share - diluted $ (0.04) $ (1.23) $ (0.19) $ (1.32)
Weighted average number of outstanding common and proportionate voting shares, assuming dilution 287,072,972 254,355,792 276,562,869 239,567,866

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