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CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 5,350 $ 15,190
Accounts receivable, net 10,141 7,391
Other receivables 245 77
Current portion of lease receivables 3,900 3,810
Inventory 25,365 25,592
Prepaid expenses and other assets 2,442 1,207
Total current assets 47,443 53,267
Property, plant, and equipment, net 55,482 56,906
Lease receivables 4,851 5,611
Intangible assets, net 29,531 30,927
Goodwill 53,926 53,955
Right-of-use assets 135,577 138,451
Deposits 3,696 5,615
TOTAL ASSETS 330,506 344,732
Current liabilities:    
Accounts payable 14,724 12,701
Accrued expenses and other current liabilities 13,069 14,265
Taxes payable 41,194 36,577
Current portion of contract liabilities 639 369
Current portion of lease liability 3,638 4,479
Current portion of notes payable and accrued interest 7,946 9,059
Total current liabilities 81,210 77,450
Convertible notes 15,398 14,843
Notes payable and accrued interest from related party 50,451 49,807
Long term notes payable 10,744 10,456
Long term accounts payable 1,733 1,362
Contract liabilities 2,000 2,000
Construction finance liability 16,000 16,000
Deferred tax liability 7,614 8,278
Lease liability 137,530 136,185
TOTAL LIABILITIES 322,680 316,381
SHAREHOLDERS' EQUITY    
Subordinate Voting Shares (no par value, unlimited shares authorized, 649,859,727 and 643,416,275 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively) 305,699 304,602
Additional paid-in capital 60,645 59,411
Deficit (358,621) (335,755)
Equity attributable to 4Front Ventures Corp. 7,723 28,258
Non-controlling interest 103 93
TOTAL SHAREHOLDERS' EQUITY 7,826 28,351
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 330,506 $ 344,732