Segment and Geographic Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment and Geographic Information

19. SEGMENT AND GEOGRAPHIC INFORMATION

Segment reporting is prepared on the same basis that the Company’s Chief Executive Officer, who is the Company’s Chief Operating Decision Maker, manages the business, makes operating decisions and assesses performance. Management has determined that the Company operates in four segments. The Company’s four segments include Produce, Cannabis-Canada, Cannabis-U.S. and Energy. The Produce segment produces, markets and sells premium quality tomatoes, bell peppers and cucumbers. The Cannabis-Canada segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. The Cannabis-U.S. segment develops and sells high-quality, CBD-based health and wellness products including ingestible, edible and topical applications. The Energy business produces power that it sells pursuant to a long-term contract to its one customer.

For years ended December 31, 2022, 2021 and 2020, approximately 51%, 48% and 79%, respectively, of the Company’s total sales were in the United States. In 2022, the Company had one customer that individually represented more than 10% of total sales, comprising of 14.6%. In 2021, the Company had two customers that individually represented more than 10% of its sales, comprising of 20.1% and 10.6% of sales, respectively. In 2020, the Company had two customers that individually represented more than 10% of its sales, comprising of 12.7% and 12.5% of sales, respectively.

As of December 31, 2022, the Company’s trade receivables had one customer that represented more than 10% of the balance of trade receivables, representing 19.1% of the balance. As of December 31, 2021, the Company’s trade receivables had one customer that represented more than 10% of the balance of trade receivables, representing 29.0% of the balance. As of December 31, 2020, the Company’s trade receivables had two customers that represented more than 10% of the balance of trade receivables, representing 26.3% of the balance.

The Company’s primary operations are in the United States and Canada. Segment information as of and for the years ended December 31, 2022, 2021 and 2020:

	2022			2021			2020
Sales
Produce	$	160,252		$	159,778		$	156,891
Cannabis – Canada		109,882			96,434			12,778
Cannabis – United States		23,302			11,345			—
Energy		136			463			417
	$	293,572		$	268,020		$	170,086
Interest expense
Produce	$	1,472		$	561		$	1,759
Cannabis – Canada		1,768			2,236			243
Cannabis – United States		—			1			—
Energy		4			37			54
	$	3,244		$	2,835		$	2,056
Interest income
Corporate	$	196		$	117		$	623
Cannabis – Canada		11			9			2
	$	207		$	126		$	625
Depreciation and amortization
Produce	$	5,044		$	5,238		$	5,356
Cannabis – Canada		7,445			5,875			822
Cannabis – United States		565			299			—
Energy		—			1,297			647
	$	13,054		$	12,709		$	6,825
Gross margin
Produce	$	(17,382	)	$	1,474		$	9,621
Cannabis – Canada		29,388			37,209			2,193
Cannabis – United States		15,659			7,947			—
Energy		(168	)		(1,451	)		(854	)
	$	27,497		$	45,179		$	10,960

Total assets	2022		2021
United States	$	113,497	$	116,654
Canada		346,126		450,257
Netherlands		5,662		—
	$	465,285	$	566,911
Property, plant and equipment, net	2022		2021
United States	$	37,780	$	39,583
Canada		169,921		176,121
	$	207,701	$	215,704