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CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 2,424 $ 3,398
Accounts receivable, net 5,033 3,682
Other receivables 1,603 735
Current portion of lease receivables 4,080 3,990
Inventory 17,563 17,087
Prepaid expenses and other assets 3,559 3,324
Assets held for sale or disposal 1,799 1,696
Total current assets 36,061 33,912
Property, plant, and equipment, net 37,596 36,549
Lease receivables 2,891 3,963
Intangible assets, net 25,831 26,793
Goodwill 41,807 41,807
Right-of-use assets 132,301 118,511
Deposits 2,503 2,419
TOTAL ASSETS 278,990 263,954
Current liabilities:    
Accounts payable 13,261 11,415
Accrued expenses and other current liabilities 9,961 9,014
Taxes payable 42,090 39,634
Derivative liability 5,478 4,550
Current portion of convertible notes 16,824 15,818
Current portion of lease liability 3,649 1,720
Current portion of notes payable and accrued interest 10,270 9,812
Current liabilities held for sale or disposal 11,927 12,037
Total current liabilities 113,460 104,000
Notes payable and accrued interest from related party 28,939 47,491
Long term notes payable 11,335 11,052
Long term accounts payable 2,477 977
Construction finance liability 16,000 16,000
Deferred tax liability 11,882 11,882
Lease liability 139,435 123,946
TOTAL LIABILITIES 323,528 315,348
SHAREHOLDERS' DEFICIT    
Multiple Voting Shares and Subordinate Voting Shares (no par value, unlimited shares authorized, 915,200,201 and 669,519,349 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 337,222 308,952
Additional paid-in capital 68,854 66,948
Accumulated deficit (450,722) (427,402)
Equity attributable to 4Front Ventures Corp. (44,646) (51,502)
Non-controlling interest 108 108
TOTAL SHAREHOLDERS' DEFICIT (44,538) (51,394)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 278,990 $ 263,954