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CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 1,246 $ 3,398
Accounts receivable, net 5,707 3,682
Other receivables 1,819 735
Current portion of lease receivables 4,125 3,990
Inventory 19,613 17,087
Prepaid expenses and other assets 4,617 3,324
Assets held for sale or disposal 956 1,696
Total current assets 38,083 33,912
Property, plant, and equipment, net 36,457 36,549
Lease receivables 2,303 3,963
Intangible assets, net 25,669 26,793
Goodwill 41,807 41,807
Right-of-use assets 131,280 118,511
Deposits 2,484 2,419
TOTAL ASSETS 278,083 263,954
Current liabilities:    
Accounts payable 16,229 11,415
Accrued expenses and other current liabilities 10,172 9,014
Taxes payable 42,375 39,634
Derivative liability 2,834 4,550
Current portion of convertible notes 17,331 15,818
Current portion of lease liability 1,694 1,720
Current portion of finance lease liability 46 0
Current portion of notes payable and accrued interest 11,371 9,812
Current liabilities held for sale or disposal 10,833 12,037
Total current liabilities 112,885 104,000
Notes payable and accrued interest from related party 28,767 47,491
Long term notes payable 11,480 11,052
Long term accounts payable 2,062 977
Construction finance liability 16,000 16,000
Deferred tax liability 11,882 11,882
Lease liability 143,460 123,946
TOTAL LIABILITIES 326,536 315,348
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 September 30, 2024 and December 31, 2023, respectively) 337,222 308,952
Additional paid-in capital 71,342 66,948
Accumulated deficit (457,125) (427,402)
Equity attributable to 4Front Ventures Corp. (48,561) (51,502)
Non-controlling interest 108 108
TOTAL SHAREHOLDERS' DEFICIT (48,453) (51,394)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 278,083 $ 263,954