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Consolidated Statements of Profits and Losses - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues:    
Retail and wholesale revenues $ 586,219 $ 173,857
Management fee income 40,418 47,161
Total revenues 626,637 221,018
Cost of goods sold 311,148 102,386
Gross profit before impact of biological assets 315,489 118,632
Realized fair value amounts included in inventory sold (149,586) (74,757)
Unrealized fair value gain on growth of biological assets 224,610 97,738
Gross profit 390,513 141,613
Operating expenses:    
Selling, general and administrative 227,274 121,022
Share-based compensation 30,879 16,607
Depreciation and amortization 68,676 31,701
Total operating expenses 326,829 169,330
Income (loss) from operations 63,684 (27,717)
Other income (expense):    
Interest income 6,484 9,938
Interest expense (47,903) (18,396)
Interest expense related to lease liabilities (21,099) (6,357)
Gain on investment 37,560  
Other expenses (16,683) (3,257)
Total other expense (41,641) (18,072)
Income (loss) before provision for income taxes 22,043 (45,789)
Income tax expense (83,371) (24,059)
Net loss (61,328) (69,848)
Less: Net income (loss) attributable to non-controlling interest 407 (2,604)
Net loss attributable to Curaleaf Holdings, Inc. $ (61,735) $ (67,244)
Loss per share attributable to Curaleaf Holdings, Inc. - basic and diluted $ (0.11) $ (0.15)
Weighted average common shares outstanding - basic and diluted 557,192,899 462,911,053