SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Operating segments are components of the Company that engage in business activities which generate revenues and incur expenses (including intercompany revenues and expenses related to transactions conducted with other components of the Company). The operations of an operating segment are distinct, and the operating results are regularly reviewed by the chief operating decision maker (“CODM”) for the purposes of resource allocation decisions and assessing its performance. The Company's Chief Executive Officer is the Company's CODM. As of December 31, 2023, the Company had two reportable segments as follows:

•THC Cannabis – Cultivation, manufacturing, and distribution of THC cannabis; and

•CBD Wellness – Sale of CBD products to third-party consumers.

The below table presents financial results of each segment as of and for the years ended December 31, 2023 and 2022:

	Years Ended December 31,
	2023		2022
Net Revenues
THC Cannabis	$	96,588	$	106,632
CBD Wellness	847		1,032
Total Net Revenues	$	97,435	$	107,664
Net (Income) Loss Attributable to Shareholders
THC Cannabis	$	11,481	$	6,288
CBD Wellness	(55)		(66)
Corporate	33,292		15,069
Total Net Loss from Continuing Operations	$	44,718	$	21,291
Assets
THC Cannabis	$	262,423	$	343,410
CBD Wellness	388		625
Corporate	1,143		697
Total Assets	$	263,954	$	344,732