v3.23.2
Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Revenue $ 72,437 $ 64,221 $ 142,157 $ 113,281
Excise and cultivation tax (313) (261) (635) (736)
Revenue, net 72,124 63,960 141,522 112,545
Cost of Sales 35,898 40,009 71,396 72,970
Gross profit 36,226 23,951 70,126 39,575
Operating expenses:        
General and administrative 30,476 32,925 58,206 54,349
Amortization and depreciation 2,242 2,581 4,271 4,756
Impairment of property and equipment 10   345  
Total operating expenses 32,728 35,506 62,822 59,105
Income (loss) from operations 3,498 (11,555) 7,304 (19,530)
Other (income) expense        
Loss from revaluation of contingent consideration   34   153
Gain on fair value of warrants and purchase option derivative asset (215) (47,345) (653) (53,058)
Finance and other expenses 8,171 13,663 18,258 20,318
Transaction and restructuring costs 389 627 392 1,242
Unrealized and realized foreign exchange (gain) loss (101) (315) (132) 41
Unrealized and realized loss on investments 1,661 234 2,360 234
(Loss) Income from continuing operations before provision from income taxes (6,407) 21,547 (12,921) 11,540
Provision for income taxes 6,448 4,688 19,112 8,431
Net (loss) income from continuing operations (12,855) 16,859 (32,033) 3,109
Discontinued operations:        
Loss from discontinued operations, net of tax (621) (2,697) (4,212) (4,953)
Net (loss) income (13,476) 14,162 (36,245) (1,844)
Foreign currency translation 408 280 755 3,887
Comprehensive (loss) income (13,884) 13,882 (37,000) (5,731)
Net (loss) income from continuing operations attributable to:        
Common and proportionate Shareholders of the Company (14,998) 15,914 (36,362) 1,813
Non-controlling interests 2,143 945 4,329 1,296
Comprehensive (loss) income from continuing operations attributable to:        
Common and proportionate Shareholders of the Company (16,027) 12,937 (41,329) (7,027)
Non-controlling interests $ 2,143 $ 945 $ 4,329 $ 1,296
Net (loss) income per share - basic:        
Continuing operations $ (0.05) $ 0.06 $ (0.13) $ 0.01
Discontinued operations   (0.01) (0.02) (0.02)
Net (loss) income per share - basic $ (0.05) $ 0.05 $ (0.15) $ (0.01)
Weighted average number of outstanding common and proportionate voting shares 275,186,279 252,305,425 271,223,233 231,829,926
Net (loss) income per share - diluted:        
Continuing operations $ (0.05) $ 0.06 $ (0.13) $ 0.01
Discontinued operations   (0.01) (0.02) (0.02)
Net (loss) income per share - diluted $ (0.05) $ 0.05 $ (0.15) $ (0.01)
Weighted average number of outstanding common and proportionate voting shares, assuming dilution 275,186,279 257,883,711 271,223,233 231,829,926

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