\u00a01. NATURE OF OPERATIONS |
\u00a02. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
| As of December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
Cash and cash equivalents | $ | 26,027\u00a0 | $ | 26,196\u00a0 | $ | 94,962\u00a0 | ||||||||||||||
Restricted cash - current (1) | 3,128\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||
Restricted cash - non-current (1) | 2,150\u00a0 | 950\u00a0 | 525\u00a0 | |||||||||||||||||
| Cash, cash equivalents and restricted cash | $ | 31,305\u00a0 | $ | 27,146\u00a0 | $ | 95,487\u00a0 |
| Buildings and building components | 7 - 30 years | ||||
| Leasehold improvements | The lesser of the term of the lease or the estimated useful life of the asset: 1 - 28 years | ||||
| Machinery and equipment | 1 - 10 years | ||||
| Furniture, fixtures and office equipment (including computer) | 2 - 7 years | ||||
| Finance lease ROU assets - buildings | 14 - 28 years | ||||
| Finance lease ROU assets - machinery and equipment | 3 - 5 years |
| As of December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
Cash and cash equivalents | $ | 26,027\u00a0 | $ | 26,196\u00a0 | $ | 94,962\u00a0 | ||||||||||||||
Restricted cash - current (1) | 3,128\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||
Restricted cash - non-current (1) | 2,150\u00a0 | 950\u00a0 | 525\u00a0 | |||||||||||||||||
| Cash, cash equivalents and restricted cash | $ | 31,305\u00a0 | $ | 27,146\u00a0 | $ | 95,487\u00a0 |
| As of December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
Cash and cash equivalents | $ | 26,027\u00a0 | $ | 26,196\u00a0 | $ | 94,962\u00a0 | ||||||||||||||
Restricted cash - current (1) | 3,128\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||
Restricted cash - non-current (1) | 2,150\u00a0 | 950\u00a0 | 525\u00a0 | |||||||||||||||||
| Cash, cash equivalents and restricted cash | $ | 31,305\u00a0 | $ | 27,146\u00a0 | $ | 95,487\u00a0 |
| Buildings and building components | 7 - 30 years | ||||
| Leasehold improvements | The lesser of the term of the lease or the estimated useful life of the asset: 1 - 28 years | ||||
| Machinery and equipment | 1 - 10 years | ||||
| Furniture, fixtures and office equipment (including computer) | 2 - 7 years | ||||
| Finance lease ROU assets - buildings | 14 - 28 years | ||||
| Finance lease ROU assets - machinery and equipment | 3 - 5 years |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Buildings and building components | $ | 88,527\u00a0 | $ | 80,697\u00a0 | |||||||
| Land | 12,956\u00a0 | 14,085\u00a0 | |||||||||
| Leasehold improvements | 46,660\u00a0 | 43,472\u00a0 | |||||||||
| Machinery and equipment | 27,050\u00a0 | 27,615\u00a0 | |||||||||
| Furniture, fixtures and office equipment (including computer) | 21,146\u00a0 | 16,126\u00a0 | |||||||||
| Construction-in-process | 1,968\u00a0 | 20,086\u00a0 | |||||||||
| Total property, plant and equipment - gross | 198,307\u00a0 | 202,081\u00a0 | |||||||||
| Less: Accumulated depreciation | (39,039) | (24,326) | |||||||||
| Total property, plant and equipment - net | $ | 159,268\u00a0 | $ | 177,755\u00a0 |
\u00a03. INVENTORY, NET |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Cannabis plants | $ | 4,478\u00a0 | $ | 4,347\u00a0 | |||||||
| Harvested cannabis and packaging | 10,994\u00a0 | 9,052\u00a0 | |||||||||
| Total raw materials | 15,472\u00a0 | 13,399\u00a0 | |||||||||
| Work in process | 4,293\u00a0 | 7,845\u00a0 | |||||||||
| Finished goods | 13,821\u00a0 | 13,845\u00a0 | |||||||||
| Total inventories, net | $ | 33,586\u00a0 | $ | 35,089\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Cannabis plants | $ | 4,478\u00a0 | $ | 4,347\u00a0 | |||||||
| Harvested cannabis and packaging | 10,994\u00a0 | 9,052\u00a0 | |||||||||
| Total raw materials | 15,472\u00a0 | 13,399\u00a0 | |||||||||
| Work in process | 4,293\u00a0 | 7,845\u00a0 | |||||||||
| Finished goods | 13,821\u00a0 | 13,845\u00a0 | |||||||||
| Total inventories, net | $ | 33,586\u00a0 | $ | 35,089\u00a0 |
\u00a04. PREPAID EXPENSES AND OTHER CURRENT ASSETS |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Employee retention credit receivable | $ | 10,140\u00a0 | $ | \u2014\u00a0 | |||||||
| Prepaid expenses and deposits | 2,716\u00a0 | 3,409\u00a0 | |||||||||
Assets held for sale | 1,647\u00a0 | \u2014\u00a0 | |||||||||
| Other current assets | 1,011\u00a0 | 548\u00a0 | |||||||||
| Total prepaid expenses and other current assets | $ | 15,514\u00a0 | $ | 3,957\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Employee retention credit receivable | $ | 10,140\u00a0 | $ | \u2014\u00a0 | |||||||
| Prepaid expenses and deposits | 2,716\u00a0 | 3,409\u00a0 | |||||||||
Assets held for sale | 1,647\u00a0 | \u2014\u00a0 | |||||||||
| Other current assets | 1,011\u00a0 | 548\u00a0 | |||||||||
| Total prepaid expenses and other current assets | $ | 15,514\u00a0 | $ | 3,957\u00a0 |
\u00a05. PROPERTY, PLANT AND EQUIPMENT |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Buildings and building components | $ | 88,527\u00a0 | $ | 80,697\u00a0 | |||||||
| Land | 12,956\u00a0 | 14,085\u00a0 | |||||||||
| Leasehold improvements | 46,660\u00a0 | 43,472\u00a0 | |||||||||
| Machinery and equipment | 27,050\u00a0 | 27,615\u00a0 | |||||||||
| Furniture, fixtures and office equipment (including computer) | 21,146\u00a0 | 16,126\u00a0 | |||||||||
| Construction-in-process | 1,968\u00a0 | 20,086\u00a0 | |||||||||
| Total property, plant and equipment - gross | 198,307\u00a0 | 202,081\u00a0 | |||||||||
| Less: Accumulated depreciation | (39,039) | (24,326) | |||||||||
| Total property, plant and equipment - net | $ | 159,268\u00a0 | $ | 177,755\u00a0 |
\u00a06. ACQUISITIONS |
| NuLeaf | Apothecarium | Total | ||||||||||||||||||
| Assets Acquired: | ||||||||||||||||||||
| Cash and cash equivalents | $ | 618\u00a0 | $ | 25\u00a0 | $ | 643\u00a0 | ||||||||||||||
| Prepaids and other assets | 278\u00a0 | 32\u00a0 | 310\u00a0 | |||||||||||||||||
| Accounts receivable, net | 39\u00a0 | \u2014\u00a0 | 39\u00a0 | |||||||||||||||||
| Inventory | 5,334\u00a0 | 699\u00a0 | 6,033\u00a0 | |||||||||||||||||
Indemnification assets (1) | 5,734\u00a0 | \u2014\u00a0 | 5,734\u00a0 | |||||||||||||||||
| Property, plant and equipment | 11,880\u00a0 | 498\u00a0 | 12,378\u00a0 | |||||||||||||||||
| Right-of-use assets - finance lease | 4,598\u00a0 | 2,333\u00a0 | 6,931\u00a0 | |||||||||||||||||
| Right-of-use assets - operating lease | 1,067\u00a0 | \u2014\u00a0 | 1,067\u00a0 | |||||||||||||||||
Intangible assets (2) | 14,097\u00a0 | 8,600\u00a0 | 22,697\u00a0 | |||||||||||||||||
| Deposits | 110\u00a0 | 301\u00a0 | 411\u00a0 | |||||||||||||||||
| Total assets acquired | $ | 43,755\u00a0 | $ | 12,488\u00a0 | $ | 56,243\u00a0 | ||||||||||||||
| Liabilities Assumed: | ||||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 584\u00a0 | $ | 497\u00a0 | $ | 1,081\u00a0 | ||||||||||||||
| Finance lease obligations | 5,054\u00a0 | 2,323\u00a0 | 7,377\u00a0 | |||||||||||||||||
| Operating lease obligations | 1,067\u00a0 | \u2014\u00a0 | 1,067\u00a0 | |||||||||||||||||
| Deferred tax liabilities | 5,518\u00a0 | 2,283\u00a0 | 7,801\u00a0 | |||||||||||||||||
| Uncertain tax positions | 5,734\u00a0 | \u2014\u00a0 | 5,734\u00a0 | |||||||||||||||||
| Total liabilities assumed | $ | 17,957\u00a0 | $ | 5,103\u00a0 | $ | 23,060\u00a0 | ||||||||||||||
| Net assets acquired | $ | 25,798\u00a0 | $ | 7,385\u00a0 | $ | 33,183\u00a0 | ||||||||||||||
Goodwill (3) | 24,474\u00a0 | 7,834\u00a0 | 32,308\u00a0 | |||||||||||||||||
| Total | $ | 50,272\u00a0 | $ | 15,219\u00a0 | $ | 65,491\u00a0 | ||||||||||||||
| Consideration: | ||||||||||||||||||||
| Consideration paid in cash, net of working capital adjustments | $ | 14,918\u00a0 | $ | 6,703\u00a0 | $ | 21,621\u00a0 | ||||||||||||||
| Consideration payable in cash (customary hold back liability) | 932\u00a0 | \u2014\u00a0 | 932\u00a0 | |||||||||||||||||
| Consideration paid in promissory notes (fair value) | 12,860\u00a0 | 6,922\u00a0 | 19,782\u00a0 | |||||||||||||||||
| Consideration paid in shares | 13,573\u00a0 | 1,594\u00a0 | 15,167\u00a0 | |||||||||||||||||
| Contingent consideration | 7,989\u00a0 | \u2014\u00a0 | 7,989\u00a0 | |||||||||||||||||
| Fair value of consideration | $ | 50,272\u00a0 | $ | 15,219\u00a0 | $ | 65,491\u00a0 |
| Business Combinations | Asset Acquisitions | ||||||||||||||||||||||||||||
| Nature\u2019s Remedy | OSD | OhiGrow | Grover Beach | Total | |||||||||||||||||||||||||
| Assets Acquired: | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 3,195\u00a0 | $ | 259\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 3,454\u00a0 | |||||||||||||||||||
| Prepaids | 325\u00a0 | 53\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 378\u00a0 | ||||||||||||||||||||||||
| Accounts receivable, net | 263\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 263\u00a0 | ||||||||||||||||||||||||
| Inventory | 15,882\u00a0 | 184\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 16,066\u00a0 | ||||||||||||||||||||||||
Indemnification assets (1) | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
| Property, plant and equipment | 19,470\u00a0 | \u2014\u00a0 | 3,165\u00a0 | 269\u00a0 | 22,904\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - finance leases | 27,305\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,050\u00a0 | 29,355\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - operating leases | 1,337\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,196\u00a0 | ||||||||||||||||||||||||
Intangible assets - license (2) | 56,000\u00a0 | 2,160\u00a0 | 1,817\u00a0 | 3,654\u00a0 | 63,631\u00a0 | ||||||||||||||||||||||||
Intangible assets - tradenames (2) | 4,400\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 4,400\u00a0 | ||||||||||||||||||||||||
Intangible assets - customer database (2) | 2,100\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,100\u00a0 | ||||||||||||||||||||||||
| Deposits | 20\u00a0 | 6\u00a0 | \u2014\u00a0 | 19\u00a0 | 45\u00a0 | ||||||||||||||||||||||||
\u00a0\u00a0Total assets acquired | $ | 131,619\u00a0 | $ | 5,932\u00a0 | $ | 4,982\u00a0 | $ | 5,992\u00a0 | $ | 148,525\u00a0 | |||||||||||||||||||
| Liabilities Assumed: | |||||||||||||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 7,004\u00a0 | $ | 190\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,194\u00a0 | |||||||||||||||||||
| Finance lease obligations | 27,052\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,032\u00a0 | 29,084\u00a0 | ||||||||||||||||||||||||
| Operating lease obligations | 1,267\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,126\u00a0 | ||||||||||||||||||||||||
Deferred tax liabilities | 21,462\u00a0 | 648\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 22,110\u00a0 | ||||||||||||||||||||||||
| Uncertain tax positions | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
Total liabilities assumed | $ | 58,107\u00a0 | $ | 4,108\u00a0 | $ | \u2014\u00a0 | $ | 2,032\u00a0 | $ | 64,247\u00a0 | |||||||||||||||||||
Net assets acquired (3) | $ | 73,512\u00a0 | $ | 1,824\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 84,278\u00a0 | |||||||||||||||||||
Goodwill (3) | 26,086\u00a0 | 2,432\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 28,518\u00a0 | ||||||||||||||||||||||||
| Total | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 | |||||||||||||||||||
| Consideration: | |||||||||||||||||||||||||||||
| Consideration paid in cash, as adjusted for working capital adjustments | $ | 40,360\u00a0 | $ | 1,827\u00a0 | $ | 4,949\u00a0 | $ | 3,592\u00a0 | $ | 50,728\u00a0 | |||||||||||||||||||
| Consideration paid in promissory notes (fair value) | 15,345\u00a0 | 2,429\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 17,774\u00a0 | ||||||||||||||||||||||||
| Consideration paid in shares | 35,670\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 368\u00a0 | 36,038\u00a0 | ||||||||||||||||||||||||
| Contingent consideration | 8,223\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 8,223\u00a0 | ||||||||||||||||||||||||
| Capitalized costs | \u2014\u00a0 | \u2014\u00a0 | 33\u00a0 | \u2014\u00a0 | 33\u00a0 | ||||||||||||||||||||||||
| \u00a0\u00a0Fair value of consideration | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 |
| Year Ended December 31, | |||||||||||
| 2022 | 2021 | ||||||||||
| Revenue | $ | 293,947\u00a0 | $ | 284,026\u00a0 | |||||||
Net income (loss) | $ | (197,743) | $ | 20,681\u00a0 |
\u00a06. ACQUISITIONS |
| NuLeaf | Apothecarium | Total | ||||||||||||||||||
| Assets Acquired: | ||||||||||||||||||||
| Cash and cash equivalents | $ | 618\u00a0 | $ | 25\u00a0 | $ | 643\u00a0 | ||||||||||||||
| Prepaids and other assets | 278\u00a0 | 32\u00a0 | 310\u00a0 | |||||||||||||||||
| Accounts receivable, net | 39\u00a0 | \u2014\u00a0 | 39\u00a0 | |||||||||||||||||
| Inventory | 5,334\u00a0 | 699\u00a0 | 6,033\u00a0 | |||||||||||||||||
Indemnification assets (1) | 5,734\u00a0 | \u2014\u00a0 | 5,734\u00a0 | |||||||||||||||||
| Property, plant and equipment | 11,880\u00a0 | 498\u00a0 | 12,378\u00a0 | |||||||||||||||||
| Right-of-use assets - finance lease | 4,598\u00a0 | 2,333\u00a0 | 6,931\u00a0 | |||||||||||||||||
| Right-of-use assets - operating lease | 1,067\u00a0 | \u2014\u00a0 | 1,067\u00a0 | |||||||||||||||||
Intangible assets (2) | 14,097\u00a0 | 8,600\u00a0 | 22,697\u00a0 | |||||||||||||||||
| Deposits | 110\u00a0 | 301\u00a0 | 411\u00a0 | |||||||||||||||||
| Total assets acquired | $ | 43,755\u00a0 | $ | 12,488\u00a0 | $ | 56,243\u00a0 | ||||||||||||||
| Liabilities Assumed: | ||||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 584\u00a0 | $ | 497\u00a0 | $ | 1,081\u00a0 | ||||||||||||||
| Finance lease obligations | 5,054\u00a0 | 2,323\u00a0 | 7,377\u00a0 | |||||||||||||||||
| Operating lease obligations | 1,067\u00a0 | \u2014\u00a0 | 1,067\u00a0 | |||||||||||||||||
| Deferred tax liabilities | 5,518\u00a0 | 2,283\u00a0 | 7,801\u00a0 | |||||||||||||||||
| Uncertain tax positions | 5,734\u00a0 | \u2014\u00a0 | 5,734\u00a0 | |||||||||||||||||
| Total liabilities assumed | $ | 17,957\u00a0 | $ | 5,103\u00a0 | $ | 23,060\u00a0 | ||||||||||||||
| Net assets acquired | $ | 25,798\u00a0 | $ | 7,385\u00a0 | $ | 33,183\u00a0 | ||||||||||||||
Goodwill (3) | 24,474\u00a0 | 7,834\u00a0 | 32,308\u00a0 | |||||||||||||||||
| Total | $ | 50,272\u00a0 | $ | 15,219\u00a0 | $ | 65,491\u00a0 | ||||||||||||||
| Consideration: | ||||||||||||||||||||
| Consideration paid in cash, net of working capital adjustments | $ | 14,918\u00a0 | $ | 6,703\u00a0 | $ | 21,621\u00a0 | ||||||||||||||
| Consideration payable in cash (customary hold back liability) | 932\u00a0 | \u2014\u00a0 | 932\u00a0 | |||||||||||||||||
| Consideration paid in promissory notes (fair value) | 12,860\u00a0 | 6,922\u00a0 | 19,782\u00a0 | |||||||||||||||||
| Consideration paid in shares | 13,573\u00a0 | 1,594\u00a0 | 15,167\u00a0 | |||||||||||||||||
| Contingent consideration | 7,989\u00a0 | \u2014\u00a0 | 7,989\u00a0 | |||||||||||||||||
| Fair value of consideration | $ | 50,272\u00a0 | $ | 15,219\u00a0 | $ | 65,491\u00a0 |
| Business Combinations | Asset Acquisitions | ||||||||||||||||||||||||||||
| Nature\u2019s Remedy | OSD | OhiGrow | Grover Beach | Total | |||||||||||||||||||||||||
| Assets Acquired: | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 3,195\u00a0 | $ | 259\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 3,454\u00a0 | |||||||||||||||||||
| Prepaids | 325\u00a0 | 53\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 378\u00a0 | ||||||||||||||||||||||||
| Accounts receivable, net | 263\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 263\u00a0 | ||||||||||||||||||||||||
| Inventory | 15,882\u00a0 | 184\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 16,066\u00a0 | ||||||||||||||||||||||||
Indemnification assets (1) | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
| Property, plant and equipment | 19,470\u00a0 | \u2014\u00a0 | 3,165\u00a0 | 269\u00a0 | 22,904\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - finance leases | 27,305\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,050\u00a0 | 29,355\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - operating leases | 1,337\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,196\u00a0 | ||||||||||||||||||||||||
Intangible assets - license (2) | 56,000\u00a0 | 2,160\u00a0 | 1,817\u00a0 | 3,654\u00a0 | 63,631\u00a0 | ||||||||||||||||||||||||
Intangible assets - tradenames (2) | 4,400\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 4,400\u00a0 | ||||||||||||||||||||||||
Intangible assets - customer database (2) | 2,100\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,100\u00a0 | ||||||||||||||||||||||||
| Deposits | 20\u00a0 | 6\u00a0 | \u2014\u00a0 | 19\u00a0 | 45\u00a0 | ||||||||||||||||||||||||
\u00a0\u00a0Total assets acquired | $ | 131,619\u00a0 | $ | 5,932\u00a0 | $ | 4,982\u00a0 | $ | 5,992\u00a0 | $ | 148,525\u00a0 | |||||||||||||||||||
| Liabilities Assumed: | |||||||||||||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 7,004\u00a0 | $ | 190\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,194\u00a0 | |||||||||||||||||||
| Finance lease obligations | 27,052\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,032\u00a0 | 29,084\u00a0 | ||||||||||||||||||||||||
| Operating lease obligations | 1,267\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,126\u00a0 | ||||||||||||||||||||||||
Deferred tax liabilities | 21,462\u00a0 | 648\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 22,110\u00a0 | ||||||||||||||||||||||||
| Uncertain tax positions | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
Total liabilities assumed | $ | 58,107\u00a0 | $ | 4,108\u00a0 | $ | \u2014\u00a0 | $ | 2,032\u00a0 | $ | 64,247\u00a0 | |||||||||||||||||||
Net assets acquired (3) | $ | 73,512\u00a0 | $ | 1,824\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 84,278\u00a0 | |||||||||||||||||||
Goodwill (3) | 26,086\u00a0 | 2,432\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 28,518\u00a0 | ||||||||||||||||||||||||
| Total | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 | |||||||||||||||||||
| Consideration: | |||||||||||||||||||||||||||||
| Consideration paid in cash, as adjusted for working capital adjustments | $ | 40,360\u00a0 | $ | 1,827\u00a0 | $ | 4,949\u00a0 | $ | 3,592\u00a0 | $ | 50,728\u00a0 | |||||||||||||||||||
| Consideration paid in promissory notes (fair value) | 15,345\u00a0 | 2,429\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 17,774\u00a0 | ||||||||||||||||||||||||
| Consideration paid in shares | 35,670\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 368\u00a0 | 36,038\u00a0 | ||||||||||||||||||||||||
| Contingent consideration | 8,223\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 8,223\u00a0 | ||||||||||||||||||||||||
| Capitalized costs | \u2014\u00a0 | \u2014\u00a0 | 33\u00a0 | \u2014\u00a0 | 33\u00a0 | ||||||||||||||||||||||||
| \u00a0\u00a0Fair value of consideration | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 |
| Year Ended December 31, | |||||||||||
| 2022 | 2021 | ||||||||||
| Revenue | $ | 293,947\u00a0 | $ | 284,026\u00a0 | |||||||
Net income (loss) | $ | (197,743) | $ | 20,681\u00a0 |
| NuLeaf | Apothecarium | Total | ||||||||||||||||||
| Assets Acquired: | ||||||||||||||||||||
| Cash and cash equivalents | $ | 618\u00a0 | $ | 25\u00a0 | $ | 643\u00a0 | ||||||||||||||
| Prepaids and other assets | 278\u00a0 | 32\u00a0 | 310\u00a0 | |||||||||||||||||
| Accounts receivable, net | 39\u00a0 | \u2014\u00a0 | 39\u00a0 | |||||||||||||||||
| Inventory | 5,334\u00a0 | 699\u00a0 | 6,033\u00a0 | |||||||||||||||||
Indemnification assets (1) | 5,734\u00a0 | \u2014\u00a0 | 5,734\u00a0 | |||||||||||||||||
| Property, plant and equipment | 11,880\u00a0 | 498\u00a0 | 12,378\u00a0 | |||||||||||||||||
| Right-of-use assets - finance lease | 4,598\u00a0 | 2,333\u00a0 | 6,931\u00a0 | |||||||||||||||||
| Right-of-use assets - operating lease | 1,067\u00a0 | \u2014\u00a0 | 1,067\u00a0 | |||||||||||||||||
Intangible assets (2) | 14,097\u00a0 | 8,600\u00a0 | 22,697\u00a0 | |||||||||||||||||
| Deposits | 110\u00a0 | 301\u00a0 | 411\u00a0 | |||||||||||||||||
| Total assets acquired | $ | 43,755\u00a0 | $ | 12,488\u00a0 | $ | 56,243\u00a0 | ||||||||||||||
| Liabilities Assumed: | ||||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 584\u00a0 | $ | 497\u00a0 | $ | 1,081\u00a0 | ||||||||||||||
| Finance lease obligations | 5,054\u00a0 | 2,323\u00a0 | 7,377\u00a0 | |||||||||||||||||
| Operating lease obligations | 1,067\u00a0 | \u2014\u00a0 | 1,067\u00a0 | |||||||||||||||||
| Deferred tax liabilities | 5,518\u00a0 | 2,283\u00a0 | 7,801\u00a0 | |||||||||||||||||
| Uncertain tax positions | 5,734\u00a0 | \u2014\u00a0 | 5,734\u00a0 | |||||||||||||||||
| Total liabilities assumed | $ | 17,957\u00a0 | $ | 5,103\u00a0 | $ | 23,060\u00a0 | ||||||||||||||
| Net assets acquired | $ | 25,798\u00a0 | $ | 7,385\u00a0 | $ | 33,183\u00a0 | ||||||||||||||
Goodwill (3) | 24,474\u00a0 | 7,834\u00a0 | 32,308\u00a0 | |||||||||||||||||
| Total | $ | 50,272\u00a0 | $ | 15,219\u00a0 | $ | 65,491\u00a0 | ||||||||||||||
| Consideration: | ||||||||||||||||||||
| Consideration paid in cash, net of working capital adjustments | $ | 14,918\u00a0 | $ | 6,703\u00a0 | $ | 21,621\u00a0 | ||||||||||||||
| Consideration payable in cash (customary hold back liability) | 932\u00a0 | \u2014\u00a0 | 932\u00a0 | |||||||||||||||||
| Consideration paid in promissory notes (fair value) | 12,860\u00a0 | 6,922\u00a0 | 19,782\u00a0 | |||||||||||||||||
| Consideration paid in shares | 13,573\u00a0 | 1,594\u00a0 | 15,167\u00a0 | |||||||||||||||||
| Contingent consideration | 7,989\u00a0 | \u2014\u00a0 | 7,989\u00a0 | |||||||||||||||||
| Fair value of consideration | $ | 50,272\u00a0 | $ | 15,219\u00a0 | $ | 65,491\u00a0 |
| Business Combinations | Asset Acquisitions | ||||||||||||||||||||||||||||
| Nature\u2019s Remedy | OSD | OhiGrow | Grover Beach | Total | |||||||||||||||||||||||||
| Assets Acquired: | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 3,195\u00a0 | $ | 259\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 3,454\u00a0 | |||||||||||||||||||
| Prepaids | 325\u00a0 | 53\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 378\u00a0 | ||||||||||||||||||||||||
| Accounts receivable, net | 263\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 263\u00a0 | ||||||||||||||||||||||||
| Inventory | 15,882\u00a0 | 184\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 16,066\u00a0 | ||||||||||||||||||||||||
Indemnification assets (1) | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
| Property, plant and equipment | 19,470\u00a0 | \u2014\u00a0 | 3,165\u00a0 | 269\u00a0 | 22,904\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - finance leases | 27,305\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,050\u00a0 | 29,355\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - operating leases | 1,337\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,196\u00a0 | ||||||||||||||||||||||||
Intangible assets - license (2) | 56,000\u00a0 | 2,160\u00a0 | 1,817\u00a0 | 3,654\u00a0 | 63,631\u00a0 | ||||||||||||||||||||||||
Intangible assets - tradenames (2) | 4,400\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 4,400\u00a0 | ||||||||||||||||||||||||
Intangible assets - customer database (2) | 2,100\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,100\u00a0 | ||||||||||||||||||||||||
| Deposits | 20\u00a0 | 6\u00a0 | \u2014\u00a0 | 19\u00a0 | 45\u00a0 | ||||||||||||||||||||||||
\u00a0\u00a0Total assets acquired | $ | 131,619\u00a0 | $ | 5,932\u00a0 | $ | 4,982\u00a0 | $ | 5,992\u00a0 | $ | 148,525\u00a0 | |||||||||||||||||||
| Liabilities Assumed: | |||||||||||||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 7,004\u00a0 | $ | 190\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,194\u00a0 | |||||||||||||||||||
| Finance lease obligations | 27,052\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,032\u00a0 | 29,084\u00a0 | ||||||||||||||||||||||||
| Operating lease obligations | 1,267\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,126\u00a0 | ||||||||||||||||||||||||
Deferred tax liabilities | 21,462\u00a0 | 648\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 22,110\u00a0 | ||||||||||||||||||||||||
| Uncertain tax positions | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
Total liabilities assumed | $ | 58,107\u00a0 | $ | 4,108\u00a0 | $ | \u2014\u00a0 | $ | 2,032\u00a0 | $ | 64,247\u00a0 | |||||||||||||||||||
Net assets acquired (3) | $ | 73,512\u00a0 | $ | 1,824\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 84,278\u00a0 | |||||||||||||||||||
Goodwill (3) | 26,086\u00a0 | 2,432\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 28,518\u00a0 | ||||||||||||||||||||||||
| Total | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 | |||||||||||||||||||
| Consideration: | |||||||||||||||||||||||||||||
| Consideration paid in cash, as adjusted for working capital adjustments | $ | 40,360\u00a0 | $ | 1,827\u00a0 | $ | 4,949\u00a0 | $ | 3,592\u00a0 | $ | 50,728\u00a0 | |||||||||||||||||||
| Consideration paid in promissory notes (fair value) | 15,345\u00a0 | 2,429\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 17,774\u00a0 | ||||||||||||||||||||||||
| Consideration paid in shares | 35,670\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 368\u00a0 | 36,038\u00a0 | ||||||||||||||||||||||||
| Contingent consideration | 8,223\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 8,223\u00a0 | ||||||||||||||||||||||||
| Capitalized costs | \u2014\u00a0 | \u2014\u00a0 | 33\u00a0 | \u2014\u00a0 | 33\u00a0 | ||||||||||||||||||||||||
| \u00a0\u00a0Fair value of consideration | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 |
| Business Combinations | Asset Acquisitions | ||||||||||||||||||||||||||||
| Nature\u2019s Remedy | OSD | OhiGrow | Grover Beach | Total | |||||||||||||||||||||||||
| Assets Acquired: | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 3,195\u00a0 | $ | 259\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 3,454\u00a0 | |||||||||||||||||||
| Prepaids | 325\u00a0 | 53\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 378\u00a0 | ||||||||||||||||||||||||
| Accounts receivable, net | 263\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 263\u00a0 | ||||||||||||||||||||||||
| Inventory | 15,882\u00a0 | 184\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 16,066\u00a0 | ||||||||||||||||||||||||
Indemnification assets (1) | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
| Property, plant and equipment | 19,470\u00a0 | \u2014\u00a0 | 3,165\u00a0 | 269\u00a0 | 22,904\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - finance leases | 27,305\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,050\u00a0 | 29,355\u00a0 | ||||||||||||||||||||||||
| Right-of-use assets - operating leases | 1,337\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,196\u00a0 | ||||||||||||||||||||||||
Intangible assets - license (2) | 56,000\u00a0 | 2,160\u00a0 | 1,817\u00a0 | 3,654\u00a0 | 63,631\u00a0 | ||||||||||||||||||||||||
Intangible assets - tradenames (2) | 4,400\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 4,400\u00a0 | ||||||||||||||||||||||||
Intangible assets - customer database (2) | 2,100\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,100\u00a0 | ||||||||||||||||||||||||
| Deposits | 20\u00a0 | 6\u00a0 | \u2014\u00a0 | 19\u00a0 | 45\u00a0 | ||||||||||||||||||||||||
\u00a0\u00a0Total assets acquired | $ | 131,619\u00a0 | $ | 5,932\u00a0 | $ | 4,982\u00a0 | $ | 5,992\u00a0 | $ | 148,525\u00a0 | |||||||||||||||||||
| Liabilities Assumed: | |||||||||||||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 7,004\u00a0 | $ | 190\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,194\u00a0 | |||||||||||||||||||
| Finance lease obligations | 27,052\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,032\u00a0 | 29,084\u00a0 | ||||||||||||||||||||||||
| Operating lease obligations | 1,267\u00a0 | 1,859\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 3,126\u00a0 | ||||||||||||||||||||||||
Deferred tax liabilities | 21,462\u00a0 | 648\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 22,110\u00a0 | ||||||||||||||||||||||||
| Uncertain tax positions | 1,322\u00a0 | 1,411\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,733\u00a0 | ||||||||||||||||||||||||
Total liabilities assumed | $ | 58,107\u00a0 | $ | 4,108\u00a0 | $ | \u2014\u00a0 | $ | 2,032\u00a0 | $ | 64,247\u00a0 | |||||||||||||||||||
Net assets acquired (3) | $ | 73,512\u00a0 | $ | 1,824\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 84,278\u00a0 | |||||||||||||||||||
Goodwill (3) | 26,086\u00a0 | 2,432\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 28,518\u00a0 | ||||||||||||||||||||||||
| Total | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 | |||||||||||||||||||
| Consideration: | |||||||||||||||||||||||||||||
| Consideration paid in cash, as adjusted for working capital adjustments | $ | 40,360\u00a0 | $ | 1,827\u00a0 | $ | 4,949\u00a0 | $ | 3,592\u00a0 | $ | 50,728\u00a0 | |||||||||||||||||||
| Consideration paid in promissory notes (fair value) | 15,345\u00a0 | 2,429\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 17,774\u00a0 | ||||||||||||||||||||||||
| Consideration paid in shares | 35,670\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 368\u00a0 | 36,038\u00a0 | ||||||||||||||||||||||||
| Contingent consideration | 8,223\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 8,223\u00a0 | ||||||||||||||||||||||||
| Capitalized costs | \u2014\u00a0 | \u2014\u00a0 | 33\u00a0 | \u2014\u00a0 | 33\u00a0 | ||||||||||||||||||||||||
| \u00a0\u00a0Fair value of consideration | $ | 99,598\u00a0 | $ | 4,256\u00a0 | $ | 4,982\u00a0 | $ | 3,960\u00a0 | $ | 112,796\u00a0 |
| Year Ended December 31, | |||||||||||
| 2022 | 2021 | ||||||||||
| Revenue | $ | 293,947\u00a0 | $ | 284,026\u00a0 | |||||||
Net income (loss) | $ | (197,743) | $ | 20,681\u00a0 |
\u00a07. GOODWILL AND OTHER INTANGIBLE ASSETS |
Goodwill, carrying amount, as of January\u00a01, 2022 | $ | 45,828\u00a0 | |||
Additions from acquisitions, including reclassification of $254 | 35,480\u00a0 | ||||
| Impairment | (39,643) | ||||
| Measurement period adjustment | (3,426) | ||||
Goodwill, carrying amount, as of December\u00a031, 2022 | 38,239\u00a0 | ||||
| Impairment | (7,329) | ||||
Goodwill, carrying amount, as of December\u00a031, 2023 | $ | 30,910\u00a0 |
| As of December 31, | Estimated Useful Life | ||||||||||||||||
| 2023 | 2022 | ||||||||||||||||
| Licenses | $ | 82,401\u00a0 | $ | 82,401\u00a0 | Indefinite | ||||||||||||
| Intellectual Property | 9,580\u00a0 | 9,580\u00a0 | 10 years | ||||||||||||||
| Tradenames | 12,209\u00a0 | 12,800\u00a0 | 5 - 10 years | ||||||||||||||
| Patient/Customer database | 3,195\u00a0 | 3,195\u00a0 | 5 - 10 years | ||||||||||||||
| Non-compete | 155\u00a0 | 155\u00a0 | 3 years | ||||||||||||||
| Website development | 61\u00a0 | 61\u00a0 | 3 years | ||||||||||||||
| Formulations | 50\u00a0 | 50\u00a0 | Indefinite | ||||||||||||||
| Total gross amount | 107,651\u00a0 | 108,242\u00a0 | |||||||||||||||
| Less: Accumulated Amortization | (11,684) | (8,160) | |||||||||||||||
| Other Intangible Assets, net | $ | 95,967\u00a0 | $ | 100,082\u00a0 |
| 2024 | $ | 2,950\u00a0 | |||
| 2025 | 2,919\u00a0 | ||||
| 2026 | 2,648\u00a0 | ||||
| 2027 | 1,844\u00a0 | ||||
| 2028 | 1,779\u00a0 | ||||
| Thereafter | 1,376\u00a0 | ||||
| \u00a0\u00a0\u00a0Total estimated future amortization expense | $ | 13,516\u00a0 |
| Year Ended December 31, 2022 | Key Assumptions | |||||||||||||||||||||||||||||||||||||
| State | Goodwill Impairment | Intangible Asset Impairment | Perpetual Growth Rate | Discount Rate | Weighted Average Cost of Capital | Cash Flow Forecast | ||||||||||||||||||||||||||||||||
| California | $ | 2,432\u00a0 | $ | 10,142\u00a0 | 2% | 22.5% | 21.5% | 5 years | ||||||||||||||||||||||||||||||
Massachusetts | 12,231 | 37,954 | 2% | 21.0% | 20.0% | 5 years | ||||||||||||||||||||||||||||||||
Nevada | 24,980 | 22,150 | 2% | 21.0% | 20.0% | 5 years | ||||||||||||||||||||||||||||||||
Ohio | \u2014\u00a0 | 5,317 | 2% | 24.5% | 23.5% | 5 years | ||||||||||||||||||||||||||||||||
Pennsylvania | \u2014\u00a0 | 35,952 | 2% | 22.0% | 21.0% | 5 years | ||||||||||||||||||||||||||||||||
| $ | 39,643\u00a0 | $ | 111,515\u00a0 |
Goodwill, carrying amount, as of January\u00a01, 2022 | $ | 45,828\u00a0 | |||
Additions from acquisitions, including reclassification of $254 | 35,480\u00a0 | ||||
| Impairment | (39,643) | ||||
| Measurement period adjustment | (3,426) | ||||
Goodwill, carrying amount, as of December\u00a031, 2022 | 38,239\u00a0 | ||||
| Impairment | (7,329) | ||||
Goodwill, carrying amount, as of December\u00a031, 2023 | $ | 30,910\u00a0 |
| As of December 31, | Estimated Useful Life | ||||||||||||||||
| 2023 | 2022 | ||||||||||||||||
| Licenses | $ | 82,401\u00a0 | $ | 82,401\u00a0 | Indefinite | ||||||||||||
| Intellectual Property | 9,580\u00a0 | 9,580\u00a0 | 10 years | ||||||||||||||
| Tradenames | 12,209\u00a0 | 12,800\u00a0 | 5 - 10 years | ||||||||||||||
| Patient/Customer database | 3,195\u00a0 | 3,195\u00a0 | 5 - 10 years | ||||||||||||||
| Non-compete | 155\u00a0 | 155\u00a0 | 3 years | ||||||||||||||
| Website development | 61\u00a0 | 61\u00a0 | 3 years | ||||||||||||||
| Formulations | 50\u00a0 | 50\u00a0 | Indefinite | ||||||||||||||
| Total gross amount | 107,651\u00a0 | 108,242\u00a0 | |||||||||||||||
| Less: Accumulated Amortization | (11,684) | (8,160) | |||||||||||||||
| Other Intangible Assets, net | $ | 95,967\u00a0 | $ | 100,082\u00a0 |
| As of December 31, | Estimated Useful Life | ||||||||||||||||
| 2023 | 2022 | ||||||||||||||||
| Licenses | $ | 82,401\u00a0 | $ | 82,401\u00a0 | Indefinite | ||||||||||||
| Intellectual Property | 9,580\u00a0 | 9,580\u00a0 | 10 years | ||||||||||||||
| Tradenames | 12,209\u00a0 | 12,800\u00a0 | 5 - 10 years | ||||||||||||||
| Patient/Customer database | 3,195\u00a0 | 3,195\u00a0 | 5 - 10 years | ||||||||||||||
| Non-compete | 155\u00a0 | 155\u00a0 | 3 years | ||||||||||||||
| Website development | 61\u00a0 | 61\u00a0 | 3 years | ||||||||||||||
| Formulations | 50\u00a0 | 50\u00a0 | Indefinite | ||||||||||||||
| Total gross amount | 107,651\u00a0 | 108,242\u00a0 | |||||||||||||||
| Less: Accumulated Amortization | (11,684) | (8,160) | |||||||||||||||
| Other Intangible Assets, net | $ | 95,967\u00a0 | $ | 100,082\u00a0 |
| 2024 | $ | 2,950\u00a0 | |||
| 2025 | 2,919\u00a0 | ||||
| 2026 | 2,648\u00a0 | ||||
| 2027 | 1,844\u00a0 | ||||
| 2028 | 1,779\u00a0 | ||||
| Thereafter | 1,376\u00a0 | ||||
| \u00a0\u00a0\u00a0Total estimated future amortization expense | $ | 13,516\u00a0 |
| Year Ended December 31, 2022 | Key Assumptions | |||||||||||||||||||||||||||||||||||||
| State | Goodwill Impairment | Intangible Asset Impairment | Perpetual Growth Rate | Discount Rate | Weighted Average Cost of Capital | Cash Flow Forecast | ||||||||||||||||||||||||||||||||
| California | $ | 2,432\u00a0 | $ | 10,142\u00a0 | 2% | 22.5% | 21.5% | 5 years | ||||||||||||||||||||||||||||||
Massachusetts | 12,231 | 37,954 | 2% | 21.0% | 20.0% | 5 years | ||||||||||||||||||||||||||||||||
Nevada | 24,980 | 22,150 | 2% | 21.0% | 20.0% | 5 years | ||||||||||||||||||||||||||||||||
Ohio | \u2014\u00a0 | 5,317 | 2% | 24.5% | 23.5% | 5 years | ||||||||||||||||||||||||||||||||
Pennsylvania | \u2014\u00a0 | 35,952 | 2% | 22.0% | 21.0% | 5 years | ||||||||||||||||||||||||||||||||
| $ | 39,643\u00a0 | $ | 111,515\u00a0 |
\u00a08. OTHER NON-CURRENT ASSETS |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| $ | 18,265\u00a0 | $ | 16,244\u00a0 | ||||||||
Indemnification assets | 6,906\u00a0 | 8,198\u00a0 | |||||||||
Net deferred tax assets | 2,772\u00a0 | \u2014\u00a0 | |||||||||
| Deposits and escrows - properties | 1,723\u00a0 | 1,637\u00a0 | |||||||||
| Deposits - equipment | 422\u00a0 | 484\u00a0 | |||||||||
Equity investment (2) | 200\u00a0 | 977\u00a0 | |||||||||
| Other | 70\u00a0 | 703\u00a0 | |||||||||
| Total other non-current assets | $ | 30,358\u00a0 | $ | 28,243\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| $ | 18,265\u00a0 | $ | 16,244\u00a0 | ||||||||
Indemnification assets | 6,906\u00a0 | 8,198\u00a0 | |||||||||
Net deferred tax assets | 2,772\u00a0 | \u2014\u00a0 | |||||||||
| Deposits and escrows - properties | 1,723\u00a0 | 1,637\u00a0 | |||||||||
| Deposits - equipment | 422\u00a0 | 484\u00a0 | |||||||||
Equity investment (2) | 200\u00a0 | 977\u00a0 | |||||||||
| Other | 70\u00a0 | 703\u00a0 | |||||||||
| Total other non-current assets | $ | 30,358\u00a0 | $ | 28,243\u00a0 |
\u00a09. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Deferred income - ERC (1) | $ | 10,140\u00a0 | $ | \u2014\u00a0 | |||||||
| Goods received not invoiced | 5,019\u00a0 | 11,620\u00a0 | |||||||||
| 4,693\u00a0 | 2,652\u00a0 | ||||||||||
| Accrued employee related expenses and liabilities | 4,175\u00a0 | 6,030\u00a0 | |||||||||
Acquisition-related milestone accrual (2) | 4,167\u00a0 | \u2014\u00a0 | |||||||||
| Accrued interest | 4,106\u00a0 | 2,388\u00a0 | |||||||||
| Accrued sales and excise taxes | 2,388\u00a0 | 1,931\u00a0 | |||||||||
| Deferred revenue (loyalty program) | 1,407\u00a0 | 1,870\u00a0 | |||||||||
| Accrued professional and management fees | 986\u00a0 | 1,481\u00a0 | |||||||||
Contingent consideration liabilities (2) | 817\u00a0 | 3,398\u00a0 | |||||||||
| Accrued capital expenditures | 702\u00a0 | 5,603\u00a0 | |||||||||
| Other accrued expenses and current liabilities | 5,470\u00a0 | 9,356\u00a0 | |||||||||
| Total | $ | 44,070\u00a0 | $ | 46,329\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Deferred income - ERC (1) | $ | 10,140\u00a0 | $ | \u2014\u00a0 | |||||||
| Goods received not invoiced | 5,019\u00a0 | 11,620\u00a0 | |||||||||
| 4,693\u00a0 | 2,652\u00a0 | ||||||||||
| Accrued employee related expenses and liabilities | 4,175\u00a0 | 6,030\u00a0 | |||||||||
Acquisition-related milestone accrual (2) | 4,167\u00a0 | \u2014\u00a0 | |||||||||
| Accrued interest | 4,106\u00a0 | 2,388\u00a0 | |||||||||
| Accrued sales and excise taxes | 2,388\u00a0 | 1,931\u00a0 | |||||||||
| Deferred revenue (loyalty program) | 1,407\u00a0 | 1,870\u00a0 | |||||||||
| Accrued professional and management fees | 986\u00a0 | 1,481\u00a0 | |||||||||
Contingent consideration liabilities (2) | 817\u00a0 | 3,398\u00a0 | |||||||||
| Accrued capital expenditures | 702\u00a0 | 5,603\u00a0 | |||||||||
| Other accrued expenses and current liabilities | 5,470\u00a0 | 9,356\u00a0 | |||||||||
| Total | $ | 44,070\u00a0 | $ | 46,329\u00a0 |
\u00a010. DEBT |
| Effective Interest Rate | Contractual Maturity Date | As of December 31, | ||||||||||||||||||
| 2023 | 2022 | |||||||||||||||||||
| Principal amounts: | ||||||||||||||||||||
| Second Lien Notes | 15% | December 2026 | $ | 75,497\u00a0 | $ | 73,182\u00a0 | ||||||||||||||
| Acquisition Facility | 15% | December 2024 | 60,125\u00a0 | 65,000\u00a0 | ||||||||||||||||
| Acquisition-related promissory notes payable | 8% - 23% | August 2024 - April 2027 | 35,716\u00a0 | 35,716\u00a0 | ||||||||||||||||
Mortgage loans | 6% - 11% | January 2027 - April 2028 | 29,456\u00a0 | 7,770\u00a0 | ||||||||||||||||
Total debt subject to scheduled repayments | 200,794\u00a0 | 181,668\u00a0 | ||||||||||||||||||
Promissory notes payable to Sammartino (1) | 11% | September 2024 - September 2026 | 21,500\u00a0 | 21,500\u00a0 | ||||||||||||||||
Jushi Europe debt (2) | March 2022 | 3,298\u00a0 | 3,189\u00a0 | |||||||||||||||||
Total debt | 225,592\u00a0 | 206,357\u00a0 | ||||||||||||||||||
| Less: debt issuance costs and original issue discounts | (13,037) | (17,095) | ||||||||||||||||||
Total debt, net | $ | 212,555\u00a0 | $ | 189,262\u00a0 | ||||||||||||||||
| Debt, net - current portion | $ | 86,514\u00a0 | $ | 8,704\u00a0 | ||||||||||||||||
| Debt, net - non-current portion | $ | 126,041\u00a0 | $ | 180,558\u00a0 |
| 2024 | 2025 | 2026 | 2027 | 2028 | Total | |||||||||||||||
| Second Lien Notes | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 75,497\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 75,497\u00a0 | ||||||||
| Acquisition Facility | 60,125\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 60,125\u00a0 | ||||||||||||||
| Acquisition-related promissory notes payable | 9,333\u00a0 | 1,970\u00a0 | 1,971\u00a0 | 22,442\u00a0 | \u2014\u00a0 | 35,716\u00a0 | ||||||||||||||
Mortgage loans | 462\u00a0 | 647\u00a0 | 658\u00a0 | 9,449\u00a0 | 18,240\u00a0 | 29,456\u00a0 | ||||||||||||||
Total debt subject to scheduled repayments | $ | 69,920\u00a0 | $ | 2,617\u00a0 | $ | 78,126\u00a0 | $ | 31,891\u00a0 | $ | 18,240\u00a0 | $ | 200,794\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
Interest and accretion - 10% Senior Notes | $ | \u2014\u00a0 | $ | 23,268\u00a0 | $ | 19,257\u00a0 | |||||||||||
| Interest and accretion - Second Lien Notes | 10,106\u00a0 | 578\u00a0 | \u2014\u00a0 | ||||||||||||||
Interest and accretion - Finance lease liabilities | 9,784\u00a0 | 11,154\u00a0 | 9,158\u00a0 | ||||||||||||||
| Interest and accretion - Acquisition Facility | 9,466\u00a0 | 7,264\u00a0 | 1,106\u00a0 | ||||||||||||||
Interest and accretion - Promissory notes | 6,173\u00a0 | 5,518\u00a0 | 1,802\u00a0 | ||||||||||||||
Interest and accretion - Mortgage loans and other financing activities | 2,051\u00a0 | 567\u00a0 | 507\u00a0 | ||||||||||||||
| Capitalized interest | (523) | (2,616) | (977) | ||||||||||||||
| Total interest expense | 37,057\u00a0 | 45,733\u00a0 | 30,853\u00a0 | ||||||||||||||
| Interest income | (91) | (142) | (243) | ||||||||||||||
| Total interest expense, net | $ | 36,966\u00a0 | $ | 45,591\u00a0 | $ | 30,610\u00a0 |
| Effective Interest Rate | Contractual Maturity Date | As of December 31, | ||||||||||||||||||
| 2023 | 2022 | |||||||||||||||||||
| Principal amounts: | ||||||||||||||||||||
| Second Lien Notes | 15% | December 2026 | $ | 75,497\u00a0 | $ | 73,182\u00a0 | ||||||||||||||
| Acquisition Facility | 15% | December 2024 | 60,125\u00a0 | 65,000\u00a0 | ||||||||||||||||
| Acquisition-related promissory notes payable | 8% - 23% | August 2024 - April 2027 | 35,716\u00a0 | 35,716\u00a0 | ||||||||||||||||
Mortgage loans | 6% - 11% | January 2027 - April 2028 | 29,456\u00a0 | 7,770\u00a0 | ||||||||||||||||
Total debt subject to scheduled repayments | 200,794\u00a0 | 181,668\u00a0 | ||||||||||||||||||
Promissory notes payable to Sammartino (1) | 11% | September 2024 - September 2026 | 21,500\u00a0 | 21,500\u00a0 | ||||||||||||||||
Jushi Europe debt (2) | March 2022 | 3,298\u00a0 | 3,189\u00a0 | |||||||||||||||||
Total debt | 225,592\u00a0 | 206,357\u00a0 | ||||||||||||||||||
| Less: debt issuance costs and original issue discounts | (13,037) | (17,095) | ||||||||||||||||||
Total debt, net | $ | 212,555\u00a0 | $ | 189,262\u00a0 | ||||||||||||||||
| Debt, net - current portion | $ | 86,514\u00a0 | $ | 8,704\u00a0 | ||||||||||||||||
| Debt, net - non-current portion | $ | 126,041\u00a0 | $ | 180,558\u00a0 |
| 2024 | 2025 | 2026 | 2027 | 2028 | Total | |||||||||||||||
| Second Lien Notes | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 75,497\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 75,497\u00a0 | ||||||||
| Acquisition Facility | 60,125\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 60,125\u00a0 | ||||||||||||||
| Acquisition-related promissory notes payable | 9,333\u00a0 | 1,970\u00a0 | 1,971\u00a0 | 22,442\u00a0 | \u2014\u00a0 | 35,716\u00a0 | ||||||||||||||
Mortgage loans | 462\u00a0 | 647\u00a0 | 658\u00a0 | 9,449\u00a0 | 18,240\u00a0 | 29,456\u00a0 | ||||||||||||||
Total debt subject to scheduled repayments | $ | 69,920\u00a0 | $ | 2,617\u00a0 | $ | 78,126\u00a0 | $ | 31,891\u00a0 | $ | 18,240\u00a0 | $ | 200,794\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
Interest and accretion - 10% Senior Notes | $ | \u2014\u00a0 | $ | 23,268\u00a0 | $ | 19,257\u00a0 | |||||||||||
| Interest and accretion - Second Lien Notes | 10,106\u00a0 | 578\u00a0 | \u2014\u00a0 | ||||||||||||||
Interest and accretion - Finance lease liabilities | 9,784\u00a0 | 11,154\u00a0 | 9,158\u00a0 | ||||||||||||||
| Interest and accretion - Acquisition Facility | 9,466\u00a0 | 7,264\u00a0 | 1,106\u00a0 | ||||||||||||||
Interest and accretion - Promissory notes | 6,173\u00a0 | 5,518\u00a0 | 1,802\u00a0 | ||||||||||||||
Interest and accretion - Mortgage loans and other financing activities | 2,051\u00a0 | 567\u00a0 | 507\u00a0 | ||||||||||||||
| Capitalized interest | (523) | (2,616) | (977) | ||||||||||||||
| Total interest expense | 37,057\u00a0 | 45,733\u00a0 | 30,853\u00a0 | ||||||||||||||
| Interest income | (91) | (142) | (243) | ||||||||||||||
| Total interest expense, net | $ | 36,966\u00a0 | $ | 45,591\u00a0 | $ | 30,610\u00a0 |
| \u00a011. LEASES |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Finance lease cost: | |||||||||||||||||
| \u00a0\u00a0\u00a0Amortization of lease assets | $ | 5,358\u00a0 | $ | 5,422\u00a0 | $ | 3,155\u00a0 | |||||||||||
| \u00a0\u00a0\u00a0Interest on lease liabilities | 9,784\u00a0 | 11,154\u00a0 | 9,158\u00a0 | ||||||||||||||
| \u00a0Total finance lease cost | 15,142\u00a0 | 16,576\u00a0 | 12,313\u00a0 | ||||||||||||||
| Operating lease cost | 4,819\u00a0 | 3,402\u00a0 | 2,585\u00a0 | ||||||||||||||
| Variable lease cost | 155\u00a0 | 390\u00a0 | 355\u00a0 | ||||||||||||||
| Total lease cost | $ | 20,116\u00a0 | $ | 20,368\u00a0 | $ | 15,253\u00a0 | |||||||||||
As of December\u00a031, 2023 | As of December\u00a031, 2022 | ||||||||||||||||||||||
| Finance Leases | Operating Leases | Finance Leases | Operating Leases | ||||||||||||||||||||
| Weighted average discount rate | 16.09\u00a0 | % | 15.09\u00a0 | % | 11.23\u00a0 | % | 11.51\u00a0 | % | |||||||||||||||
| Weighted average remaining lease term (in years) | 16.6 | 8.7 | 22.7 | 14.1 | |||||||||||||||||||
Cash paid for amounts included in the measurement of lease liabilities | $ | 11,060 | $ | 5,168 | $ | 11,629 | $ | 3,133 | |||||||||||||||
| Finance Leases | Operating Leases | ||||||||||
| 2024 | $ | 9,718\u00a0 | $ | 5,081\u00a0 | |||||||
| 2025 | 10,602\u00a0 | 5,665\u00a0 | |||||||||
| 2026 | 10,494\u00a0 | 5,428\u00a0 | |||||||||
| 2027 | 10,002\u00a0 | 5,185\u00a0 | |||||||||
| 2028 | 10,166\u00a0 | 4,787\u00a0 | |||||||||
| Thereafter | 147,970\u00a0 | 19,833\u00a0 | |||||||||
| Total undiscounted lease liabilities | 198,952\u00a0 | 45,979\u00a0 | |||||||||
| Interest on lease liabilities | (137,228) | (21,425) | |||||||||
| Total present value of minimum lease payments | $ | 61,724\u00a0 | $ | 24,554\u00a0 | |||||||
| Lease liabilities - current portion | $ | 8,885\u00a0 | $ | 4,693\u00a0 | |||||||
| Lease liabilities - non-current | $ | 52,839\u00a0 | $ | 19,861\u00a0 |
| \u00a011. LEASES |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Finance lease cost: | |||||||||||||||||
| \u00a0\u00a0\u00a0Amortization of lease assets | $ | 5,358\u00a0 | $ | 5,422\u00a0 | $ | 3,155\u00a0 | |||||||||||
| \u00a0\u00a0\u00a0Interest on lease liabilities | 9,784\u00a0 | 11,154\u00a0 | 9,158\u00a0 | ||||||||||||||
| \u00a0Total finance lease cost | 15,142\u00a0 | 16,576\u00a0 | 12,313\u00a0 | ||||||||||||||
| Operating lease cost | 4,819\u00a0 | 3,402\u00a0 | 2,585\u00a0 | ||||||||||||||
| Variable lease cost | 155\u00a0 | 390\u00a0 | 355\u00a0 | ||||||||||||||
| Total lease cost | $ | 20,116\u00a0 | $ | 20,368\u00a0 | $ | 15,253\u00a0 | |||||||||||
As of December\u00a031, 2023 | As of December\u00a031, 2022 | ||||||||||||||||||||||
| Finance Leases | Operating Leases | Finance Leases | Operating Leases | ||||||||||||||||||||
| Weighted average discount rate | 16.09\u00a0 | % | 15.09\u00a0 | % | 11.23\u00a0 | % | 11.51\u00a0 | % | |||||||||||||||
| Weighted average remaining lease term (in years) | 16.6 | 8.7 | 22.7 | 14.1 | |||||||||||||||||||
Cash paid for amounts included in the measurement of lease liabilities | $ | 11,060 | $ | 5,168 | $ | 11,629 | $ | 3,133 | |||||||||||||||
| Finance Leases | Operating Leases | ||||||||||
| 2024 | $ | 9,718\u00a0 | $ | 5,081\u00a0 | |||||||
| 2025 | 10,602\u00a0 | 5,665\u00a0 | |||||||||
| 2026 | 10,494\u00a0 | 5,428\u00a0 | |||||||||
| 2027 | 10,002\u00a0 | 5,185\u00a0 | |||||||||
| 2028 | 10,166\u00a0 | 4,787\u00a0 | |||||||||
| Thereafter | 147,970\u00a0 | 19,833\u00a0 | |||||||||
| Total undiscounted lease liabilities | 198,952\u00a0 | 45,979\u00a0 | |||||||||
| Interest on lease liabilities | (137,228) | (21,425) | |||||||||
| Total present value of minimum lease payments | $ | 61,724\u00a0 | $ | 24,554\u00a0 | |||||||
| Lease liabilities - current portion | $ | 8,885\u00a0 | $ | 4,693\u00a0 | |||||||
| Lease liabilities - non-current | $ | 52,839\u00a0 | $ | 19,861\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Finance lease cost: | |||||||||||||||||
| \u00a0\u00a0\u00a0Amortization of lease assets | $ | 5,358\u00a0 | $ | 5,422\u00a0 | $ | 3,155\u00a0 | |||||||||||
| \u00a0\u00a0\u00a0Interest on lease liabilities | 9,784\u00a0 | 11,154\u00a0 | 9,158\u00a0 | ||||||||||||||
| \u00a0Total finance lease cost | 15,142\u00a0 | 16,576\u00a0 | 12,313\u00a0 | ||||||||||||||
| Operating lease cost | 4,819\u00a0 | 3,402\u00a0 | 2,585\u00a0 | ||||||||||||||
| Variable lease cost | 155\u00a0 | 390\u00a0 | 355\u00a0 | ||||||||||||||
| Total lease cost | $ | 20,116\u00a0 | $ | 20,368\u00a0 | $ | 15,253\u00a0 | |||||||||||
As of December\u00a031, 2023 | As of December\u00a031, 2022 | ||||||||||||||||||||||
| Finance Leases | Operating Leases | Finance Leases | Operating Leases | ||||||||||||||||||||
| Weighted average discount rate | 16.09\u00a0 | % | 15.09\u00a0 | % | 11.23\u00a0 | % | 11.51\u00a0 | % | |||||||||||||||
| Weighted average remaining lease term (in years) | 16.6 | 8.7 | 22.7 | 14.1 | |||||||||||||||||||
Cash paid for amounts included in the measurement of lease liabilities | $ | 11,060 | $ | 5,168 | $ | 11,629 | $ | 3,133 | |||||||||||||||
| Finance Leases | Operating Leases | ||||||||||
| 2024 | $ | 9,718\u00a0 | $ | 5,081\u00a0 | |||||||
| 2025 | 10,602\u00a0 | 5,665\u00a0 | |||||||||
| 2026 | 10,494\u00a0 | 5,428\u00a0 | |||||||||
| 2027 | 10,002\u00a0 | 5,185\u00a0 | |||||||||
| 2028 | 10,166\u00a0 | 4,787\u00a0 | |||||||||
| Thereafter | 147,970\u00a0 | 19,833\u00a0 | |||||||||
| Total undiscounted lease liabilities | 198,952\u00a0 | 45,979\u00a0 | |||||||||
| Interest on lease liabilities | (137,228) | (21,425) | |||||||||
| Total present value of minimum lease payments | $ | 61,724\u00a0 | $ | 24,554\u00a0 | |||||||
| Lease liabilities - current portion | $ | 8,885\u00a0 | $ | 4,693\u00a0 | |||||||
| Lease liabilities - non-current | $ | 52,839\u00a0 | $ | 19,861\u00a0 |
| Finance Leases | Operating Leases | ||||||||||
| 2024 | $ | 9,718\u00a0 | $ | 5,081\u00a0 | |||||||
| 2025 | 10,602\u00a0 | 5,665\u00a0 | |||||||||
| 2026 | 10,494\u00a0 | 5,428\u00a0 | |||||||||
| 2027 | 10,002\u00a0 | 5,185\u00a0 | |||||||||
| 2028 | 10,166\u00a0 | 4,787\u00a0 | |||||||||
| Thereafter | 147,970\u00a0 | 19,833\u00a0 | |||||||||
| Total undiscounted lease liabilities | 198,952\u00a0 | 45,979\u00a0 | |||||||||
| Interest on lease liabilities | (137,228) | (21,425) | |||||||||
| Total present value of minimum lease payments | $ | 61,724\u00a0 | $ | 24,554\u00a0 | |||||||
| Lease liabilities - current portion | $ | 8,885\u00a0 | $ | 4,693\u00a0 | |||||||
| Lease liabilities - non-current | $ | 52,839\u00a0 | $ | 19,861\u00a0 |
| \u00a012. OTHER NON-CURRENT LIABILITIES |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Operating lease liabilities | $ | 19,861\u00a0 | $ | 15,547\u00a0 | |||||||
Deferred tax liabilities | 3,468\u00a0 | \u2014\u00a0 | |||||||||
| Contingent consideration liabilities | \u2014\u00a0 | 1,395\u00a0 | |||||||||
| Other non-current liabilities | 5,782\u00a0 | 4,613\u00a0 | |||||||||
| Total | $ | 29,111\u00a0 | $ | 21,555\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Operating lease liabilities | $ | 19,861\u00a0 | $ | 15,547\u00a0 | |||||||
Deferred tax liabilities | 3,468\u00a0 | \u2014\u00a0 | |||||||||
| Contingent consideration liabilities | \u2014\u00a0 | 1,395\u00a0 | |||||||||
| Other non-current liabilities | 5,782\u00a0 | 4,613\u00a0 | |||||||||
| Total | $ | 29,111\u00a0 | $ | 21,555\u00a0 |
\u00a013. DERIVATIVE LIABILITIES |
Total Derivative Liabilities (1) | |||||
| Balance as of January 1, 2022 | $ | 92,435\u00a0 | |||
Derivative Warrants issued (2) | 23,205\u00a0 | ||||
Fair value changes | (91,887) | ||||
Derivative Warrants exercised and settled (3) | (9,619) | ||||
Balance as of December\u00a031, 2022 | 14,134\u00a0 | ||||
Fair value changes | (9,589) | ||||
Reclassification to equity | (2,050) | ||||
Down-round changes | 143\u00a0 | ||||
| Balance as of December 31, 2023 | $ | 2,638\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Stock price per share | $0.46 | $0.76 | |||||||||
| Risk-free annual interest rate | 4.01% - 4.79% | 3.99% - 4.11% | |||||||||
| Exercise price | $1.00 - $2.086 | $1.25 - $2.086 | |||||||||
| Weighted average volatility | 101% | 79% | |||||||||
| Remaining life | 1.00 - 2.90 years | 1.98 - 3.96 years | |||||||||
| Forfeiture rate | 0% | 0% | |||||||||
| Expected annual dividend yield | 0% | 0% |
| As of December 31, 2023 | As of December\u00a031, 2022 | ||||||||||||||||||||||||||||||||||
| Input | Effect of 10% Increase | Effect of 10% Decrease | Input | Effect of 10% Increase | Effect of 10% Decrease | ||||||||||||||||||||||||||||||
| Stock price per share | $ | 0.46 | $ | 637\u00a0 | $ | (574) | $ | 0.76 | $ | 2,529\u00a0 | $ | (2,396) | |||||||||||||||||||||||
| Volatility | 101\u00a0 | % | $ | 680\u00a0 | $ | (643) | 79\u00a0 | % | $ | 2,070\u00a0 | $ | (2,121) |
Total Derivative Liabilities (1) | |||||
| Balance as of January 1, 2022 | $ | 92,435\u00a0 | |||
Derivative Warrants issued (2) | 23,205\u00a0 | ||||
Fair value changes | (91,887) | ||||
Derivative Warrants exercised and settled (3) | (9,619) | ||||
Balance as of December\u00a031, 2022 | 14,134\u00a0 | ||||
Fair value changes | (9,589) | ||||
Reclassification to equity | (2,050) | ||||
Down-round changes | 143\u00a0 | ||||
| Balance as of December 31, 2023 | $ | 2,638\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Stock price per share | $0.46 | $0.76 | |||||||||
| Risk-free annual interest rate | 4.01% - 4.79% | 3.99% - 4.11% | |||||||||
| Exercise price | $1.00 - $2.086 | $1.25 - $2.086 | |||||||||
| Weighted average volatility | 101% | 79% | |||||||||
| Remaining life | 1.00 - 2.90 years | 1.98 - 3.96 years | |||||||||
| Forfeiture rate | 0% | 0% | |||||||||
| Expected annual dividend yield | 0% | 0% |
| As of December 31, 2023 | As of December\u00a031, 2022 | ||||||||||||||||||||||||||||||||||
| Input | Effect of 10% Increase | Effect of 10% Decrease | Input | Effect of 10% Increase | Effect of 10% Decrease | ||||||||||||||||||||||||||||||
| Stock price per share | $ | 0.46 | $ | 637\u00a0 | $ | (574) | $ | 0.76 | $ | 2,529\u00a0 | $ | (2,396) | |||||||||||||||||||||||
| Volatility | 101\u00a0 | % | $ | 680\u00a0 | $ | (643) | 79\u00a0 | % | $ | 2,070\u00a0 | $ | (2,121) |
\u00a014. EQUITY |
| Non-Derivative Warrants | Derivative Warrants (1) | Total Number of Warrants | Weighted - Average Exercise Price Per Warrant | Aggregate Intrinsic Value | Weighted Average Remaining Contractual Life (in Years) | ||||||||||||||||||||||||||||||
Balance, January\u00a01, 2022 | 29,156,048 | 40,124,355 | 69,280,403 | $ | 1.19\u00a0 | $ | 142,791\u00a0 | 4.7 | |||||||||||||||||||||||||||
Granted (2)(3) | 1,600,000 | 19,512,280\u00a0 | 21,112,280 | $ | 2.06\u00a0 | ||||||||||||||||||||||||||||||
| Exercised | (82,413) | (4,261,433) | (4,343,846) | $ | 1.26\u00a0 | $ | 9,746\u00a0 | ||||||||||||||||||||||||||||
Balance, December\u00a031, 2022 | 30,673,635 | 55,375,202 | 86,048,837 | $ | 1.40\u00a0 | $ | 1,081\u00a0 | 3.9 | |||||||||||||||||||||||||||
Granted (2)(4) | 2,970,221\u00a0 | \u2014\u00a0 | 2,970,221\u00a0 | $ | 0.63\u00a0 | ||||||||||||||||||||||||||||||
Cancelled (4) | (2,087,500) | \u2014\u00a0 | (2,087,500) | $ | 2.18\u00a0 | ||||||||||||||||||||||||||||||
Reclassified | 17,512,280 | (17,512,280) | \u2014 | ||||||||||||||||||||||||||||||||
Balance, December\u00a031, 2023 | 49,068,636 | 37,862,922 | 86,931,558 | $ | 1.12\u00a0 | $ | \u2014\u00a0 | 3.0 | |||||||||||||||||||||||||||
Exercisable, December\u00a031, 2023 | 46,108,636 | 37,862,922 | 83,971,558 | $ | 1.11\u00a0 | $ | \u2014\u00a0 | 3.0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Weighted average stock price | $0.55 | $1.74 | $4.18 | ||||||||||||||
| Weighted average expected stock price volatility | 77% | 81% | 73% | ||||||||||||||
| Expected annual dividend yield | \u2014% | \u2014% | \u2014% | ||||||||||||||
| Weighted average expected life of warrants | 5.1 years | 5.0 years | 3.5 years | ||||||||||||||
| Weighted average risk-free annual interest rate | 3.94% | 3.48% | 1.06% | ||||||||||||||
| Weighted average grant date fair value | $0.28 | $1.13 | $2.14 |
| Stock Options | Weighted Average Exercise Price per Stock Options | Aggregate Intrinsic Value | Weighted Average Remaining Contractual Life (in\u00a0Years) | ||||||||||||||||||||
Balance, January\u00a01, 2022 | 20,429,120\u00a0 | $ | 3.20\u00a0 | $ | 11,583\u00a0 | 8.7 | |||||||||||||||||
| Granted | 13,686,806\u00a0 | $ | 1.95\u00a0 | ||||||||||||||||||||
| Exercised | (324,998) | $ | 1.67\u00a0 | $ | 620\u00a0 | ||||||||||||||||||
| Forfeited/expired | (3,038,669) | $ | 4.02\u00a0 | ||||||||||||||||||||
Balance, December\u00a031, 2022 | 30,752,259\u00a0 | $ | 2.58\u00a0 | $ | \u2014\u00a0 | 8.5 | |||||||||||||||||
| Granted | 11,507,429\u00a0 | $ | 0.54\u00a0 | ||||||||||||||||||||
| Forfeited/expired | (14,606,504) | $ | 3.20\u00a0 | ||||||||||||||||||||
Balance, December\u00a031, 2023 | 27,653,184\u00a0 | $ | 1.40\u00a0 | $ | \u2014\u00a0 | 8.2 | |||||||||||||||||
Exercisable, December\u00a031, 2023 | 12,536,225\u00a0 | $ | 1.89\u00a0 | $ | \u2014\u00a0 | 6.7 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Weighted average stock price | $0.53 | $1.95 | $4.16 | ||||||||||||||
| Weighted average expected stock price volatility | 76.6% | 74.1% | 73.0% | ||||||||||||||
| Expected annual dividend yield | \u2014% | \u2014% | \u2014% | ||||||||||||||
| Weighted average expected life | 5.9 years | 5.7 years | 6.0 years | ||||||||||||||
| Weighted average risk-free annual interest rate | 3.81% | 2.88% | 1.23% | ||||||||||||||
| Weighted average grant date fair value | $0.30 | $1.35 | $2.61 |
| Unvested Restricted Stock | Weighted-Average Grant-date Fair Value Price per Restricted Stock | Average Intrinsic Value | Weighted Average Remaining Vesting Term (in Years) | ||||||||||||||||||||
Issued and Outstanding as of January\u00a01, 2022 | 2,859,151 | $ | 2.13\u00a0 | $ | 9,292\u00a0 | 1.2 | |||||||||||||||||
| Granted | 86,952 | $ | 2.05\u00a0 | ||||||||||||||||||||
| Vested and Released | (1,789,784) | $ | 1.96\u00a0 | $ | 3,601\u00a0 | ||||||||||||||||||
Issued and Outstanding as of December\u00a031, 2022 | 1,156,319 | $ | 2.45\u00a0 | $ | 881\u00a0 | 0.3 | |||||||||||||||||
Cancelled | (54,774) | $ | 2.43\u00a0 | ||||||||||||||||||||
| Vested and Released | (1,099,684) | $ | 2.45\u00a0 | $ | 526\u00a0 | ||||||||||||||||||
Issued and Outstanding as of December\u00a031, 2023 | 1,861\u00a0 | $ | 4.05\u00a0 | $ | 1\u00a0 | 0.7 |
| 2024 | $ | 4,063\u00a0 | |||
| 2025 | 904\u00a0 | ||||
| 2026 | 217\u00a0 | ||||
| 2027 | 19\u00a0 | ||||
| $ | 5,203\u00a0 |
| Non-Derivative Warrants | Derivative Warrants (1) | Total Number of Warrants | Weighted - Average Exercise Price Per Warrant | Aggregate Intrinsic Value | Weighted Average Remaining Contractual Life (in Years) | ||||||||||||||||||||||||||||||
Balance, January\u00a01, 2022 | 29,156,048 | 40,124,355 | 69,280,403 | $ | 1.19\u00a0 | $ | 142,791\u00a0 | 4.7 | |||||||||||||||||||||||||||
Granted (2)(3) | 1,600,000 | 19,512,280\u00a0 | 21,112,280 | $ | 2.06\u00a0 | ||||||||||||||||||||||||||||||
| Exercised | (82,413) | (4,261,433) | (4,343,846) | $ | 1.26\u00a0 | $ | 9,746\u00a0 | ||||||||||||||||||||||||||||
Balance, December\u00a031, 2022 | 30,673,635 | 55,375,202 | 86,048,837 | $ | 1.40\u00a0 | $ | 1,081\u00a0 | 3.9 | |||||||||||||||||||||||||||
Granted (2)(4) | 2,970,221\u00a0 | \u2014\u00a0 | 2,970,221\u00a0 | $ | 0.63\u00a0 | ||||||||||||||||||||||||||||||
Cancelled (4) | (2,087,500) | \u2014\u00a0 | (2,087,500) | $ | 2.18\u00a0 | ||||||||||||||||||||||||||||||
Reclassified | 17,512,280 | (17,512,280) | \u2014 | ||||||||||||||||||||||||||||||||
Balance, December\u00a031, 2023 | 49,068,636 | 37,862,922 | 86,931,558 | $ | 1.12\u00a0 | $ | \u2014\u00a0 | 3.0 | |||||||||||||||||||||||||||
Exercisable, December\u00a031, 2023 | 46,108,636 | 37,862,922 | 83,971,558 | $ | 1.11\u00a0 | $ | \u2014\u00a0 | 3.0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Weighted average stock price | $0.55 | $1.74 | $4.18 | ||||||||||||||
| Weighted average expected stock price volatility | 77% | 81% | 73% | ||||||||||||||
| Expected annual dividend yield | \u2014% | \u2014% | \u2014% | ||||||||||||||
| Weighted average expected life of warrants | 5.1 years | 5.0 years | 3.5 years | ||||||||||||||
| Weighted average risk-free annual interest rate | 3.94% | 3.48% | 1.06% | ||||||||||||||
| Weighted average grant date fair value | $0.28 | $1.13 | $2.14 |
| Stock Options | Weighted Average Exercise Price per Stock Options | Aggregate Intrinsic Value | Weighted Average Remaining Contractual Life (in\u00a0Years) | ||||||||||||||||||||
Balance, January\u00a01, 2022 | 20,429,120\u00a0 | $ | 3.20\u00a0 | $ | 11,583\u00a0 | 8.7 | |||||||||||||||||
| Granted | 13,686,806\u00a0 | $ | 1.95\u00a0 | ||||||||||||||||||||
| Exercised | (324,998) | $ | 1.67\u00a0 | $ | 620\u00a0 | ||||||||||||||||||
| Forfeited/expired | (3,038,669) | $ | 4.02\u00a0 | ||||||||||||||||||||
Balance, December\u00a031, 2022 | 30,752,259\u00a0 | $ | 2.58\u00a0 | $ | \u2014\u00a0 | 8.5 | |||||||||||||||||
| Granted | 11,507,429\u00a0 | $ | 0.54\u00a0 | ||||||||||||||||||||
| Forfeited/expired | (14,606,504) | $ | 3.20\u00a0 | ||||||||||||||||||||
Balance, December\u00a031, 2023 | 27,653,184\u00a0 | $ | 1.40\u00a0 | $ | \u2014\u00a0 | 8.2 | |||||||||||||||||
Exercisable, December\u00a031, 2023 | 12,536,225\u00a0 | $ | 1.89\u00a0 | $ | \u2014\u00a0 | 6.7 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Weighted average stock price | $0.53 | $1.95 | $4.16 | ||||||||||||||
| Weighted average expected stock price volatility | 76.6% | 74.1% | 73.0% | ||||||||||||||
| Expected annual dividend yield | \u2014% | \u2014% | \u2014% | ||||||||||||||
| Weighted average expected life | 5.9 years | 5.7 years | 6.0 years | ||||||||||||||
| Weighted average risk-free annual interest rate | 3.81% | 2.88% | 1.23% | ||||||||||||||
| Weighted average grant date fair value | $0.30 | $1.35 | $2.61 |
| Unvested Restricted Stock | Weighted-Average Grant-date Fair Value Price per Restricted Stock | Average Intrinsic Value | Weighted Average Remaining Vesting Term (in Years) | ||||||||||||||||||||
Issued and Outstanding as of January\u00a01, 2022 | 2,859,151 | $ | 2.13\u00a0 | $ | 9,292\u00a0 | 1.2 | |||||||||||||||||
| Granted | 86,952 | $ | 2.05\u00a0 | ||||||||||||||||||||
| Vested and Released | (1,789,784) | $ | 1.96\u00a0 | $ | 3,601\u00a0 | ||||||||||||||||||
Issued and Outstanding as of December\u00a031, 2022 | 1,156,319 | $ | 2.45\u00a0 | $ | 881\u00a0 | 0.3 | |||||||||||||||||
Cancelled | (54,774) | $ | 2.43\u00a0 | ||||||||||||||||||||
| Vested and Released | (1,099,684) | $ | 2.45\u00a0 | $ | 526\u00a0 | ||||||||||||||||||
Issued and Outstanding as of December\u00a031, 2023 | 1,861\u00a0 | $ | 4.05\u00a0 | $ | 1\u00a0 | 0.7 |
| 2024 | $ | 4,063\u00a0 | |||
| 2025 | 904\u00a0 | ||||
| 2026 | 217\u00a0 | ||||
| 2027 | 19\u00a0 | ||||
| $ | 5,203\u00a0 |
| \u00a015. NON-CONTROLLING INTEREST |
| Jushi Europe | Agape | Other Non-material Interests | Total | |||||||||||||||||||||||
Balance as of January 1, 2021 | $ | 1,384\u00a0 | $ | 1,562\u00a0 | $ | 1\u00a0 | $ | 2,947\u00a0 | ||||||||||||||||||
| Purchases of non-controlling interests | \u2014\u00a0 | (1,562) | \u2014\u00a0 | (1,562) | ||||||||||||||||||||||
| Loss | (2,771) | \u2014\u00a0 | (1) | (2,772) | ||||||||||||||||||||||
Balance as of December 31, 2021 | $ | (1,387) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (1,387) | ||||||||||||||||||
Balance as of December 31, 2022 | $ | (1,387) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (1,387) | ||||||||||||||||||
Balance as of December\u00a031, 2023 | $ | (1,387) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (1,387) |
| Jushi Europe | Agape | Other Non-material Interests | Total | |||||||||||||||||||||||
Balance as of January 1, 2021 | $ | 1,384\u00a0 | $ | 1,562\u00a0 | $ | 1\u00a0 | $ | 2,947\u00a0 | ||||||||||||||||||
| Purchases of non-controlling interests | \u2014\u00a0 | (1,562) | \u2014\u00a0 | (1,562) | ||||||||||||||||||||||
| Loss | (2,771) | \u2014\u00a0 | (1) | (2,772) | ||||||||||||||||||||||
Balance as of December 31, 2021 | $ | (1,387) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (1,387) | ||||||||||||||||||
Balance as of December 31, 2022 | $ | (1,387) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (1,387) | ||||||||||||||||||
Balance as of December\u00a031, 2023 | $ | (1,387) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (1,387) |
\u00a016. EARNINGS (LOSS) PER SHARE |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Numerator: | |||||||||||||||||
Net income (loss) and comprehensive income (loss) attributable to Jushi shareholders | $ | (65,102) | $ | (202,324) | $ | 20,251\u00a0 | |||||||||||
| Dilutive effect of net income from derivative warrants | \u2014\u00a0 | (91,887) | (104,594) | ||||||||||||||
Net income (loss) and comprehensive loss attributable to Jushi shareholders - diluted | $ | (65,102) | $ | (294,211) | $ | (84,343) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average shares of common stock - basic | 194,770,212\u00a0 | 190,021,550\u00a0 | 170,292,035\u00a0 | ||||||||||||||
| Dilutive effect of derivative warrants | \u2014\u00a0 | 14,213,882\u00a0 | 31,318,216\u00a0 | ||||||||||||||
| Weighted-average shares of common stock - diluted | 194,770,212\u00a0 | 204,235,432\u00a0 | 201,610,251\u00a0 | ||||||||||||||
Earnings (loss) per share - basic | $ | (0.33) | $ | (1.06) | $ | 0.12\u00a0 | |||||||||||
Earnings (loss) per share - diluted | $ | (0.33) | $ | (1.44) | $ | (0.42) |
| As of December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Stock options | 28,783,139\u00a0 | 30,752,259\u00a0 | 20,429,120\u00a0 | ||||||||||||||
Warrants (derivative liabilities and equity) | 85,575,031\u00a0 | 30,673,635\u00a0 | 29,156,048\u00a0 | ||||||||||||||
| Unvested restricted stock awards | 368,711\u00a0 | 1,156,319\u00a0 | 2,859,151\u00a0 | ||||||||||||||
| Convertible promissory notes | \u2014\u00a0 | \u2014\u00a0 | 910,000\u00a0 | ||||||||||||||
| 114,726,881\u00a0 | 62,582,213\u00a0 | 53,354,319\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Numerator: | |||||||||||||||||
Net income (loss) and comprehensive income (loss) attributable to Jushi shareholders | $ | (65,102) | $ | (202,324) | $ | 20,251\u00a0 | |||||||||||
| Dilutive effect of net income from derivative warrants | \u2014\u00a0 | (91,887) | (104,594) | ||||||||||||||
Net income (loss) and comprehensive loss attributable to Jushi shareholders - diluted | $ | (65,102) | $ | (294,211) | $ | (84,343) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average shares of common stock - basic | 194,770,212\u00a0 | 190,021,550\u00a0 | 170,292,035\u00a0 | ||||||||||||||
| Dilutive effect of derivative warrants | \u2014\u00a0 | 14,213,882\u00a0 | 31,318,216\u00a0 | ||||||||||||||
| Weighted-average shares of common stock - diluted | 194,770,212\u00a0 | 204,235,432\u00a0 | 201,610,251\u00a0 | ||||||||||||||
Earnings (loss) per share - basic | $ | (0.33) | $ | (1.06) | $ | 0.12\u00a0 | |||||||||||
Earnings (loss) per share - diluted | $ | (0.33) | $ | (1.44) | $ | (0.42) |
| As of December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Stock options | 28,783,139\u00a0 | 30,752,259\u00a0 | 20,429,120\u00a0 | ||||||||||||||
Warrants (derivative liabilities and equity) | 85,575,031\u00a0 | 30,673,635\u00a0 | 29,156,048\u00a0 | ||||||||||||||
| Unvested restricted stock awards | 368,711\u00a0 | 1,156,319\u00a0 | 2,859,151\u00a0 | ||||||||||||||
| Convertible promissory notes | \u2014\u00a0 | \u2014\u00a0 | 910,000\u00a0 | ||||||||||||||
| 114,726,881\u00a0 | 62,582,213\u00a0 | 53,354,319\u00a0 |
\u00a017. REVENUE |
Year Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Retail cannabis | $ | 239,351\u00a0 | $ | 261,016\u00a0 | $ | 195,085\u00a0 | ||||||||||||||
| Wholesale cannabis | 30,094\u00a0 | 23,160\u00a0 | 13,792\u00a0 | |||||||||||||||||
| Other | \u2014\u00a0 | 108\u00a0 | 415\u00a0 | |||||||||||||||||
| Total revenue, net | $ | 269,445\u00a0 | $ | 284,284\u00a0 | $ | 209,292\u00a0 |
Year Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| Retail cannabis | $ | 239,351\u00a0 | $ | 261,016\u00a0 | $ | 195,085\u00a0 | ||||||||||||||
| Wholesale cannabis | 30,094\u00a0 | 23,160\u00a0 | 13,792\u00a0 | |||||||||||||||||
| Other | \u2014\u00a0 | 108\u00a0 | 415\u00a0 | |||||||||||||||||
| Total revenue, net | $ | 269,445\u00a0 | $ | 284,284\u00a0 | $ | 209,292\u00a0 |
\u00a018. OPERATING EXPENSES |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Salaries, wages and employee related expenses | $ | 56,483\u00a0 | $ | 71,237\u00a0 | $ | 58,228\u00a0 | |||||||||||
| Rent and related expenses | 11,789\u00a0 | 13,162\u00a0 | 9,722\u00a0 | ||||||||||||||
| Depreciation and amortization expense | 10,656\u00a0 | 12,724\u00a0 | 5,805\u00a0 | ||||||||||||||
| Share-based compensation expense | 8,092\u00a0 | 23,073\u00a0 | 14,506\u00a0 | ||||||||||||||
| Professional fees and legal expenses | 7,732 | 10,371\u00a0 | 6,507\u00a0 | ||||||||||||||
| Goodwill impairment | 7,329\u00a0 | 39,643\u00a0 | 1,783\u00a0 | ||||||||||||||
| Indefinite-lived intangible asset impairment | 845\u00a0 | 111,515\u00a0 | \u2014\u00a0 | ||||||||||||||
| Tangible long-lived asset impairment | 400\u00a0 | 8,487\u00a0 | 4,561\u00a0 | ||||||||||||||
Other expenses (1) | 15,720\u00a0 | 25,599\u00a0 | 18,047\u00a0 | ||||||||||||||
| Total operating expenses | $ | 119,046\u00a0 | $ | 315,811\u00a0 | $ | 119,159\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Salaries, wages and employee related expenses | $ | 56,483\u00a0 | $ | 71,237\u00a0 | $ | 58,228\u00a0 | |||||||||||
| Rent and related expenses | 11,789\u00a0 | 13,162\u00a0 | 9,722\u00a0 | ||||||||||||||
| Depreciation and amortization expense | 10,656\u00a0 | 12,724\u00a0 | 5,805\u00a0 | ||||||||||||||
| Share-based compensation expense | 8,092\u00a0 | 23,073\u00a0 | 14,506\u00a0 | ||||||||||||||
| Professional fees and legal expenses | 7,732 | 10,371\u00a0 | 6,507\u00a0 | ||||||||||||||
| Goodwill impairment | 7,329\u00a0 | 39,643\u00a0 | 1,783\u00a0 | ||||||||||||||
| Indefinite-lived intangible asset impairment | 845\u00a0 | 111,515\u00a0 | \u2014\u00a0 | ||||||||||||||
| Tangible long-lived asset impairment | 400\u00a0 | 8,487\u00a0 | 4,561\u00a0 | ||||||||||||||
Other expenses (1) | 15,720\u00a0 | 25,599\u00a0 | 18,047\u00a0 | ||||||||||||||
| Total operating expenses | $ | 119,046\u00a0 | $ | 315,811\u00a0 | $ | 119,159\u00a0 |
| \u00a019. OTHER INCOME (EXPENSE) |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
Gains (losses) on investments and financial assets | $ | (777) | $ | (523) | $ | 1,216\u00a0 | |||||||||||
| Losses on debt redemptions/extinguishments/modifications | \u2014\u00a0 | (18,858) | (3,815) | ||||||||||||||
| Gains (losses) on legal settlements | (400) | 24\u00a0 | 10,350\u00a0 | ||||||||||||||
Other gains (losses) | (1,924) | (482) | 558\u00a0 | ||||||||||||||
Other income (expense), net | $ | (3,101) | $ | (19,839) | $ | 8,309\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
Gains (losses) on investments and financial assets | $ | (777) | $ | (523) | $ | 1,216\u00a0 | |||||||||||
| Losses on debt redemptions/extinguishments/modifications | \u2014\u00a0 | (18,858) | (3,815) | ||||||||||||||
| Gains (losses) on legal settlements | (400) | 24\u00a0 | 10,350\u00a0 | ||||||||||||||
Other gains (losses) | (1,924) | (482) | 558\u00a0 | ||||||||||||||
Other income (expense), net | $ | (3,101) | $ | (19,839) | $ | 8,309\u00a0 |
\u00a020. INCOME TAXES |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Current tax expense: | |||||||||||||||||
| \u00a0\u00a0\u00a0Federal | $ | 27,303\u00a0 | $ | 26,738\u00a0 | $ | 25,501\u00a0 | |||||||||||
| \u00a0\u00a0\u00a0State | 3,608\u00a0 | 7,783\u00a0 | 9,234\u00a0 | ||||||||||||||
| 30,911\u00a0 | 34,521\u00a0 | 34,735\u00a0 | |||||||||||||||
| Deferred tax benefit: | |||||||||||||||||
| \u00a0\u00a0\u00a0Federal | 2,281\u00a0 | (17,780) | (5,477) | ||||||||||||||
| \u00a0\u00a0\u00a0State | (1,386) | (8,332) | (1,724) | ||||||||||||||
| \u00a0\u00a0\u00a0Foreign | (5,554) | (5,969) | (3,874) | ||||||||||||||
| (4,659) | (32,081) | (11,075) | |||||||||||||||
| Change in valuation allowance | 5,554\u00a0 | 6,008\u00a0 | 5,965\u00a0 | ||||||||||||||
| Total income tax expense | $ | 31,806\u00a0 | $ | 8,448\u00a0 | $ | 29,625\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
Income (loss) before income taxes | $ | (33,296) | $ | (193,876) | $ | 47,104 | |||||||||||
| Statutory tax rate | 21.00\u00a0 | % | 21.00\u00a0 | % | 21.00\u00a0 | % | |||||||||||
Tax expense (benefit) based on statutory rates | (6,992) | (40,714) | 9,892\u00a0 | ||||||||||||||
| Difference in tax rates | (4,463) | 2,500\u00a0 | 16,753\u00a0 | ||||||||||||||
| Gain on fair value of derivative | (4,564) | (44,106) | (50,482) | ||||||||||||||
| IRC Section 280E disallowed expenses | 10,862\u00a0 | 43,272\u00a0 | 12,520\u00a0 | ||||||||||||||
| Share-based compensation | 173\u00a0 | 10,509\u00a0 | 2,361\u00a0 | ||||||||||||||
| Interest expense and debt costs | 458\u00a0 | 13,718\u00a0 | 3,616\u00a0 | ||||||||||||||
Deemed interest income | 842\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Tax interest and penalties | 383\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Change in valuation allowance | 5,554\u00a0 | 6,008\u00a0 | 5,965\u00a0 | ||||||||||||||
| State taxes, net | 33\u00a0 | 1,698\u00a0 | 1,249\u00a0 | ||||||||||||||
| Change in uncertain tax positions | 24,888\u00a0 | 8,618\u00a0 | 26,823\u00a0 | ||||||||||||||
| Change in state tax rates | (474) | (2,557) | \u2014\u00a0 | ||||||||||||||
| Impairment expense | 1,539\u00a0 | 8,289\u00a0 | \u2014\u00a0 | ||||||||||||||
Return to provision | 2,786\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
Difference in foreign deferred and statutory tax rate | 348\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
Contingent consideration | 311\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Other differences | 122\u00a0 | 1,213\u00a0 | 928\u00a0 | ||||||||||||||
| Total income tax expense | $ | 31,806\u00a0 | $ | 8,448\u00a0 | $ | 29,625\u00a0 | |||||||||||
| Effective tax rate | (95.5) | % | (4.4) | % | 62.9\u00a0 | % |
| Year Ended December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Deferred tax assets: | |||||||||||
| \u00a0\u00a0\u00a0Lease liability | $ | 17,760\u00a0 | $ | 24,328\u00a0 | |||||||
| \u00a0\u00a0\u00a0Net operating losses | 22,661\u00a0 | 16,819\u00a0 | |||||||||
| \u00a0\u00a0\u00a0Financing fees | 830\u00a0 | 1,487\u00a0 | |||||||||
| \u00a0\u00a0\u00a0Start-up costs | 603\u00a0 | 661\u00a0 | |||||||||
| Share-based compensation | 817\u00a0 | \u2014\u00a0 | |||||||||
Interest carryforward | 563\u00a0 | \u2014\u00a0 | |||||||||
| Inventory | 419\u00a0 | 1,555\u00a0 | |||||||||
| Property and equipment | 1,149\u00a0 | \u2014\u00a0 | |||||||||
| Other deferred tax assets | 1,314\u00a0 | 619\u00a0 | |||||||||
| Valuation allowance | (22,951) | (17,397) | |||||||||
| $ | 23,165\u00a0 | $ | 28,072\u00a0 | ||||||||
| Deferred tax liabilities: | |||||||||||
| Right-of-use assets | $ | (18,414) | $ | (21,865) | |||||||
| Intangible assets | (5,211) | (5,235) | |||||||||
| Property and equipment | \u2014\u00a0 | (693) | |||||||||
| Other deferred tax liabilities | (235) | (80) | |||||||||
| $ | (23,860) | $ | (27,873) | ||||||||
Net deferred tax asset (liabilities) (1) | $ | (695) | $ | 199\u00a0 | |||||||
Balance at January\u00a01, 2022 | $ | 41,503\u00a0 | |||
| Reductions based on lapse of statute of limitations | (552) | ||||
| Additions based on tax positions related to the current year | 1,452\u00a0 | ||||
Reductions based on tax positions related to the prior year | (127) | ||||
| Additions for tax positions of prior years recorded to goodwill | 5,982\u00a0 | ||||
Balance at December\u00a031, 2022 | $ | 48,258\u00a0 | |||
| Reductions based on lapse of statute of limitations | (1,946) | ||||
| Additions based on tax positions related to the current year | 19,843\u00a0 | ||||
Additions based on tax positions related to the prior year | 38,470\u00a0 | ||||
| Balance at December 31, 2023 | $ | 104,625\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| Current tax expense: | |||||||||||||||||
| \u00a0\u00a0\u00a0Federal | $ | 27,303\u00a0 | $ | 26,738\u00a0 | $ | 25,501\u00a0 | |||||||||||
| \u00a0\u00a0\u00a0State | 3,608\u00a0 | 7,783\u00a0 | 9,234\u00a0 | ||||||||||||||
| 30,911\u00a0 | 34,521\u00a0 | 34,735\u00a0 | |||||||||||||||
| Deferred tax benefit: | |||||||||||||||||
| \u00a0\u00a0\u00a0Federal | 2,281\u00a0 | (17,780) | (5,477) | ||||||||||||||
| \u00a0\u00a0\u00a0State | (1,386) | (8,332) | (1,724) | ||||||||||||||
| \u00a0\u00a0\u00a0Foreign | (5,554) | (5,969) | (3,874) | ||||||||||||||
| (4,659) | (32,081) | (11,075) | |||||||||||||||
| Change in valuation allowance | 5,554\u00a0 | 6,008\u00a0 | 5,965\u00a0 | ||||||||||||||
| Total income tax expense | $ | 31,806\u00a0 | $ | 8,448\u00a0 | $ | 29,625\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
Income (loss) before income taxes | $ | (33,296) | $ | (193,876) | $ | 47,104 | |||||||||||
| Statutory tax rate | 21.00\u00a0 | % | 21.00\u00a0 | % | 21.00\u00a0 | % | |||||||||||
Tax expense (benefit) based on statutory rates | (6,992) | (40,714) | 9,892\u00a0 | ||||||||||||||
| Difference in tax rates | (4,463) | 2,500\u00a0 | 16,753\u00a0 | ||||||||||||||
| Gain on fair value of derivative | (4,564) | (44,106) | (50,482) | ||||||||||||||
| IRC Section 280E disallowed expenses | 10,862\u00a0 | 43,272\u00a0 | 12,520\u00a0 | ||||||||||||||
| Share-based compensation | 173\u00a0 | 10,509\u00a0 | 2,361\u00a0 | ||||||||||||||
| Interest expense and debt costs | 458\u00a0 | 13,718\u00a0 | 3,616\u00a0 | ||||||||||||||
Deemed interest income | 842\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Tax interest and penalties | 383\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Change in valuation allowance | 5,554\u00a0 | 6,008\u00a0 | 5,965\u00a0 | ||||||||||||||
| State taxes, net | 33\u00a0 | 1,698\u00a0 | 1,249\u00a0 | ||||||||||||||
| Change in uncertain tax positions | 24,888\u00a0 | 8,618\u00a0 | 26,823\u00a0 | ||||||||||||||
| Change in state tax rates | (474) | (2,557) | \u2014\u00a0 | ||||||||||||||
| Impairment expense | 1,539\u00a0 | 8,289\u00a0 | \u2014\u00a0 | ||||||||||||||
Return to provision | 2,786\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
Difference in foreign deferred and statutory tax rate | 348\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
Contingent consideration | 311\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Other differences | 122\u00a0 | 1,213\u00a0 | 928\u00a0 | ||||||||||||||
| Total income tax expense | $ | 31,806\u00a0 | $ | 8,448\u00a0 | $ | 29,625\u00a0 | |||||||||||
| Effective tax rate | (95.5) | % | (4.4) | % | 62.9\u00a0 | % |
| Year Ended December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Deferred tax assets: | |||||||||||
| \u00a0\u00a0\u00a0Lease liability | $ | 17,760\u00a0 | $ | 24,328\u00a0 | |||||||
| \u00a0\u00a0\u00a0Net operating losses | 22,661\u00a0 | 16,819\u00a0 | |||||||||
| \u00a0\u00a0\u00a0Financing fees | 830\u00a0 | 1,487\u00a0 | |||||||||
| \u00a0\u00a0\u00a0Start-up costs | 603\u00a0 | 661\u00a0 | |||||||||
| Share-based compensation | 817\u00a0 | \u2014\u00a0 | |||||||||
Interest carryforward | 563\u00a0 | \u2014\u00a0 | |||||||||
| Inventory | 419\u00a0 | 1,555\u00a0 | |||||||||
| Property and equipment | 1,149\u00a0 | \u2014\u00a0 | |||||||||
| Other deferred tax assets | 1,314\u00a0 | 619\u00a0 | |||||||||
| Valuation allowance | (22,951) | (17,397) | |||||||||
| $ | 23,165\u00a0 | $ | 28,072\u00a0 | ||||||||
| Deferred tax liabilities: | |||||||||||
| Right-of-use assets | $ | (18,414) | $ | (21,865) | |||||||
| Intangible assets | (5,211) | (5,235) | |||||||||
| Property and equipment | \u2014\u00a0 | (693) | |||||||||
| Other deferred tax liabilities | (235) | (80) | |||||||||
| $ | (23,860) | $ | (27,873) | ||||||||
Net deferred tax asset (liabilities) (1) | $ | (695) | $ | 199\u00a0 | |||||||
Balance at January\u00a01, 2022 | $ | 41,503\u00a0 | |||
| Reductions based on lapse of statute of limitations | (552) | ||||
| Additions based on tax positions related to the current year | 1,452\u00a0 | ||||
Reductions based on tax positions related to the prior year | (127) | ||||
| Additions for tax positions of prior years recorded to goodwill | 5,982\u00a0 | ||||
Balance at December\u00a031, 2022 | $ | 48,258\u00a0 | |||
| Reductions based on lapse of statute of limitations | (1,946) | ||||
| Additions based on tax positions related to the current year | 19,843\u00a0 | ||||
Additions based on tax positions related to the prior year | 38,470\u00a0 | ||||
| Balance at December 31, 2023 | $ | 104,625\u00a0 |
\u00a021. RELATED PARTY TRANSACTIONS |
| Year Ended December 31, | As of December 31, | |||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2023 | 2022 | ||||||||||||||||||||||||||||
| Nature of transaction | Related Party Income (Expense) | Related Party Receivable (Payable) | ||||||||||||||||||||||||||||||
Management services agreements (1) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (42) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | ||||||||||||||||||||||
Senior Notes - interest expense and principal amount (2) | $ | \u2014\u00a0 | $ | (26) | $ | (4) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | ||||||||||||||||||||||
Second Lien Notes - interest expense and principal amount (3) | $ | (2,223) | $ | (138) | $ | \u2014\u00a0 | $ | (19,788) | $ | (17,491) | ||||||||||||||||||||||
Other debt (4) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (3,298) | $ | (3,189) | ||||||||||||||||||||||
Loans to senior key management - interest income (5) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 90\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 |
| Year Ended December 31, | As of December 31, | |||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2023 | 2022 | ||||||||||||||||||||||||||||
| Nature of transaction | Related Party Income (Expense) | Related Party Receivable (Payable) | ||||||||||||||||||||||||||||||
Management services agreements (1) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (42) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | ||||||||||||||||||||||
Senior Notes - interest expense and principal amount (2) | $ | \u2014\u00a0 | $ | (26) | $ | (4) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | ||||||||||||||||||||||
Second Lien Notes - interest expense and principal amount (3) | $ | (2,223) | $ | (138) | $ | \u2014\u00a0 | $ | (19,788) | $ | (17,491) | ||||||||||||||||||||||
Other debt (4) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (3,298) | $ | (3,189) | ||||||||||||||||||||||
Loans to senior key management - interest income (5) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 90\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 |
\u00a022. COMMITMENTS AND CONTINGENCIES |
\u00a023. FINANCIAL INSTRUMENTS |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Financial assets: (1) | |||||||||||
Equity investment (2) | $ | 200\u00a0 | $ | 977\u00a0 | |||||||
| Total financial assets | $ | 200\u00a0 | $ | 977\u00a0 | |||||||
Financial liabilities: (1) | |||||||||||
| $ | 2,638\u00a0 | $ | 14,134\u00a0 | ||||||||
Contingent consideration liabilities (4) | 817\u00a0 | 4,793\u00a0 | |||||||||
| Total financial liabilities | $ | 3,455\u00a0 | $ | 18,927\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Financial assets: (1) | |||||||||||
Equity investment (2) | $ | 200\u00a0 | $ | 977\u00a0 | |||||||
| Total financial assets | $ | 200\u00a0 | $ | 977\u00a0 | |||||||
Financial liabilities: (1) | |||||||||||
| $ | 2,638\u00a0 | $ | 14,134\u00a0 | ||||||||
Contingent consideration liabilities (4) | 817\u00a0 | 4,793\u00a0 | |||||||||
| Total financial liabilities | $ | 3,455\u00a0 | $ | 18,927\u00a0 |
| \u00a024. BUSINESS CONCENTRATION |
\u00a025. SUBSEQUENT EVENTS |