XML 96 R64.htm IDEA: XBRL DOCUMENT v3.24.1.u1
ACQUISITIONS AND BUSINESS COMBINATIONS - Summary of Purchase Price Allocation (Details) - USD ($)
$ in Thousands
12 Months Ended
Apr. 25, 2022
Jan. 28, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Business Acquisition [Line Items]          
Equity consideration - common stock     $ 0 $ 25,177  
Liabilities assumed:          
Estimated Goodwill     41,807 41,807 $ 23,155
Net Income (Loss)     (91,632) (46,877)  
Total Net Revenues     $ 97,435 107,664  
New England Cannabis Corporation and Island Global Holdings, Inc.          
Business Acquisition [Line Items]          
Cash consideration       25,000  
Note to seller       12,000  
Equity consideration - common stock       24,445  
Equity consideration - warrants       732  
Total Consideration       62,177  
Assets acquired:          
Cash       466  
Accounts receivable       511  
Inventory       5,034  
Prepaid expenses and other current assets       150  
Property, Plant and equipment, net       17,887  
Operating lease - right of use asset       8,418  
Intangible assets       19,700  
Total assets acquired       52,166  
Liabilities assumed:          
Accounts payable       1,423  
Accrued expenses and other liabilities       2,342  
Contract liabilities       3,535  
Deferred tax liabilities       5,071  
Lease liabilities       8,418  
Total liabilities assumed       20,789  
Estimated fair value of net assets acquired       31,377  
Estimated Goodwill       30,800  
Net Income (Loss)       (13,157)  
Total Net Revenues       (119)  
New England Cannabis Corporation          
Business Acquisition [Line Items]          
Cash consideration   $ 9,000   25,000  
Note to seller       2,000  
Equity consideration - common stock   18,200   18,200  
Equity consideration - warrants       0  
Total Consideration       45,200  
Assets acquired:          
Cash       0  
Accounts receivable       0  
Inventory       1,435  
Prepaid expenses and other current assets       3  
Property, Plant and equipment, net       16,000  
Operating lease - right of use asset       0  
Intangible assets       12,000  
Total assets acquired       29,438  
Liabilities assumed:          
Accounts payable       0  
Accrued expenses and other liabilities       0  
Contract liabilities       0  
Deferred tax liabilities       2,890  
Lease liabilities       0  
Total liabilities assumed       2,890  
Estimated fair value of net assets acquired       26,548  
Estimated Goodwill   $ 18,700   18,652  
Net Income (Loss)       (2,171)  
Total Net Revenues       0  
Island Global Holdings, Inc.          
Business Acquisition [Line Items]          
Cash consideration       0  
Note to seller $ 10,000     10,000  
Equity consideration - common stock 6,200     6,245  
Equity consideration - warrants       732  
Total Consideration       16,977  
Assets acquired:          
Cash       466  
Accounts receivable       511  
Inventory       3,599  
Prepaid expenses and other current assets       147  
Property, Plant and equipment, net       1,887  
Operating lease - right of use asset       8,418  
Intangible assets       7,700  
Total assets acquired       22,728  
Liabilities assumed:          
Accounts payable       1,423  
Accrued expenses and other liabilities       2,342  
Contract liabilities       3,535  
Deferred tax liabilities       2,181  
Lease liabilities       8,418  
Total liabilities assumed       17,899  
Estimated fair value of net assets acquired       4,829  
Estimated Goodwill $ 12,100     12,148  
Net Income (Loss)       (10,986)  
Total Net Revenues       $ (119)