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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss and comprehensive loss $ (137,722) $ (30,681)
Adjustments to reconcile net loss and comprehensive loss to net cash used in operating activities:    
Depreciation and amortization 11,025 6,847
Goodwill and asset impairments 98,003 0
Change in fair value of financial instruments (9,305) (11,167)
Allowance for credit losses 1,509 834
Inventory provision 9,729 8,025
Share-based compensation 5,483 4,326
Loss (gain) on disposal of assets 390 (5)
Changes in operating assets and liabilities:    
Accounts receivable, net (948) 1,470
Inventories 1,023 (1,782)
Prepaid expenses and other current assets 694 (2,867)
Operating lease right-of-use assets and lease obligations 138 569
Accounts payable, accrued and other liabilities (2,911) (8,075)
Income taxes 676 (8,133)
Cultivation liabilities (7,166) (11,289)
Other operating assets and liabilities, net (177) (101)
Net cash used in operating activities (29,559) (52,029)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired 0 11,181
Purchases of property and equipment and intangible assets (4,918) (28,257)
Proceeds from sale of assets 13 91
Issuance of notes receivable, net of collections 510 (1,275)
Investment in Stanley Brothers USA Holdings purchase option (8,000) 0
Other investing activities 606 (897)
Net cash used in investing activities (11,789) (19,157)
Cash flows from financing activities:    
Proceeds from public offerings, net of issuance costs 8,257 53,797
Proceeds from stock option exercises 30 2,467
Other financing activities (248) (828)
Net cash provided by financing activities 8,039 55,436
Net decrease in cash and cash equivalents (33,309) (15,750)
Cash and cash equivalents —beginning of year 52,803 68,553
Cash and cash equivalents —end of year 19,494 52,803
Non-cash activities:    
Equity instruments issued in business combinations 0 109,562
Non-cash purchases of property and equipment (2,500) (1,291)
Reduction to cultivation liabilities for inventory provision $ (543) $ (2,073)