Segment reporting

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment reporting

Segment reporting

The consolidated financial information presented in these financial statements is reviewed regularly by the Company’s chief operating decision maker (“CODM”) for making strategic decisions, allocations resources and assessing performance. The information review by CODM for decision making purposes aligns with the information provided above in the statements of operations and comprehensive income (loss), financial position, and cash flows. The Company’s CODM is its Chief Executive Officer.

The Company's revenue primarily comes from three key customers, as shown in the table below. The Company's remaining customers do not make up significant percentages of these balances. For additional details on product sales and fair value adjustments recognized in the period, refer to Note 3.

Revenue
	For the year ended December 31, 2023		For the 2 months ended December 31, 2022		For the year ended October 31, 2022		For the year ended October 31, 2021
Customer A	21.6	%	0.0	%	0.0	%	0.0	%
Customer B	16.4	%	61.2	%	68.9	%	52.4	%
Customer C	10.3	%	0.0	%	0.0	%	0.0	%
Customer D	10.3	%	0.0	%	0.0	%	0.0	%
Customer E	9.3	%	27.2	%	0.0	%	0.0	%
Customer F	7.5	%	10.1	%	17.0	%	41.7	%

During the year ended December 31, 2023, two months ended December 31, 2022, years ended October 31, 2022 and 2021, the Company operated in Canada and the United States. In the year ended October 31, 2022, the Company also began investing in

future operations in Europe. As of December 31, 2023, there have not been sales of Black Mass & Equivalents and as such, product revenue has not been recognized in Europe. Management has concluded that the customers, and the nature and method of distribution of goods and services delivered, if any, to these geographic regions are similar in nature. The risks and returns across the geographic regions are not dissimilar; therefore, the Company operates as a single operating segment.

The following is a summary of the Company’s geographical information:

	Canada		United States		Germany		Other		Total
Revenues
Year ended December 31, 2023	$	1.0	$	16.3	$	—	$	1.0	$	18.3
2 months ended December 31, 2022	0.9		5.0		—		—		5.9
Year ended October 31, 2022	4.1		9.3		—		—		13.4
Year ended October 31, 2021	3.0		4.3		—		—		7.3
Non-current assets
As at December 31, 2023	$	57.0	$	618.9	$	34.9	$	26.2	$	737.0
As at December 31, 2022	31.6		212.0		11.7		2.5		257.8
As at October 31, 2022	23.0		160.6		10.8		2.3		196.7
As at October 31, 2021	10.8		34.2		—		—		45.0

Revenue is attributed to each geographical location based on location of sale.