XML 54 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Variable interest entities
12 Months Ended
Dec. 31, 2022
Variable interest entities  
Variable interest entities

Note 23 - Variable interest entities

The following table presents the summarized financial information about the Company’s consolidated VIEs which are included in the Consolidated Balance Sheets as of December 31, 2022 and 2021 and in the Consolidated Statement of Operations for the years ended December 31, 2022 and 2021. All of these entities were determined to be VIEs as the Company possesses the power to direct activities through MSAs or financing arrangements.

The following table presents summarized financial information about the Company’s VIEs as of and for the years ended December 31, 2022 and 2021:

As of December 31,

2022

2021

Primary Organic Therapy, Inc.

Remedy Compassion Center, Inc.

Other Immaterial VIEs

Primary Organic Therapy, Inc.

Remedy Compassion Center, Inc.

Other VIEs

Included in Consolidated Balance Sheets:

Current assets

$

21,146

$

13,922

$

4,719

$

24,768

$

12,900

$

2,991

Non-current assets

32,932

5,762

9,233

31,526

7,113

10,402

Current liabilities

46,780

21,259

5,651

45,710

18,876

6,631

Non-current liabilities

3,952

735

6,094

4,161

1,277

4,239

Equity attributable to Curaleaf Holdings, Inc.

3,346

(2,310)

2,207

6,423

(140)

2,523

Year ended December 31,

2022

2021

Primary Organic Therapy, Inc.

Remedy Compassion Center, Inc.

Other Immaterial VIEs

Primary Organic Therapy, Inc.

Remedy Compassion Center, Inc.

Other VIEs

Included in Consolidated Statements of Operations:

Revenues

$

15,795

$

10,319

$

12,843

$

10,893

$

9,765

$

7,436

Net loss

(2,663)

(2,098)

1,361

(1,488)

(2,273)

1,700

Less: Net loss attributable to non-controlling interest

-

-

-

-

-

-

Net loss attributable to Curaleaf Holdings, Inc.

(2,663)

(2,098)

1,361

(1,488)

(2,273)

1,700

Other VIEs

As of December 31, 2022, VIEs included in the Other VIEs are CLF MD Processing and LLC and Broad Horizon Holdings, LLC. As of December 31, 2021, the VIE included in the Other VIEs is CLF MD Processing, LLC.