Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

16. SEGMENT INFORMATION

Operating segments are components of the Company that combine similar business activities, with activities grouped to facilitate the evaluation of business units and allocation of resources by the Company’s board and management. As of March 31, 2021, the Company had two reportable segments:

• THC Cannabis – Production and cultivation of THC cannabis, manufacturing, and distribution of cannabis products to own dispensaries and third-party retail customers, ancillary services supporting wholesale operations, and retail sales direct to end consumers

• CBD Wellness – Pure Ratios which encompasses the production and sale of CBD products to third-party customers

All revenues are derived from customers domiciled in the United States and all assets are located in the United States.

	March 31, 2021		March 31, 2020
Net Revenues
THC Cannabis	$	22,148	$	10,862
CBD Wellness		822		1,790
Corporate		—		—
Total Net Revenues	$	22,970	$	12,652
Depreciation and Amortization
THC Cannabis	$	756	$	890
CBD Wellness		16		21
Corporate		2		2
Total Depreciation and Amortization	$	774	$	913
	March 31, 2021		December 31, 2020
Assets
THC Cannabis	$	203,222	$	186,899
CBD Wellness		2,879		2,198
Corporate		2,821		15,659
Total Assets	$	208,922	$	204,756

Goodwill assigned to the THC Cannabis segment as of March 31, 2021 and December 31, 2020 was $23,155. Intangible assets, net assigned to the THC Cannabis segment as of March 31, 2021 and December 31, 2020 was $28,207 and $28,790, respectively.

Goodwill and Intangible Assets assigned to the CBD Wellness segment as of March 31, 2021 and December 31, 2020 were $nil.