SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

In 2020 given the limited nature of the company's assets, the Company had only one reportable segment. During 2021, the Company acquired assets and opened new operations, such that it has determined previously insignificant operating segments are now significant and are reportable segments requiring disclosure in accordance with ASC 280. Our reportable segments are as follows:

	(in thousands) Total Revenue				% of Total Revenue
	Year Ended December 31,				Year Ended December 31,
Segment	2021		2020		2021		2020
Cannabis Retail	$	24,540	$	5,400	51.5	%	87.6	%
Cannabis Cultivation & Distribution	$	23,131	$	460	48.5	%	7.5	%
Corporate and Other	$	2	$	301	—	%	4.9	%
Total	$	47,673	$	6,161	100.0	%	100.0	%

Cannabis Retail

Either independently or in conjunction with third parties, we operate medical marijuana and adult use cannabis dispensaries in California. All our retail dispensaries offer a broad selection of medical and adult use cannabis products including flower, concentrates and edibles.

Cannabis Cultivation and Distribution

We operate distribution centers in California and Oregon that distribute our own branded products as well as third party products to our own dispensaries and to other non-affiliated medical marijuana and/or adult use cannabis dispensaries.

	(in thousands)
	For the Year Ended December 31, 2021
	Cannabis Retail		Cannabis Cultivation and Distribution		Corporate and Other		Total
Total Revenues	$	24,540	$	23,131	$	2	$	47,673
Cost of goods sold	13,706		22,000		—		35,706
Gross Profit	10,834		1,131		2		11,967
Selling, general and administrative expenses	12,327		7,961		27,969		48,257
Impairment of Assets	6,171		—		—		6,171
(Gain) / Loss on sale of assets	—		56		(3,189)		(3,133)
Loss from operations	(7,664)		(6,886)		(24,778)		(39,328)
Other income / (expense):
Extinguishment of debt income / (expense)	—		116		(6,092)		(5,976)
Gain / (loss) on investments	—		—		5,337		5,337
Interest income / (expense)	(85)		(186)		(1,505)		(1,776)
Other income / (loss)	110		85		(628)		(433)
Total other income	25		15		(2,888)		(2,848)
Loss from continuing operations before provision for income taxes	$	(7,639)	$	(6,871)	$	(27,666)	$	(42,176)
Total assets at December 31, 2021	$	67,821	$	476	$	203,527	$	271,824