Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.22.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Summary of Reportable Segments
    
Year
 
Ended
 
December 31,
  
    
2021
     
2020
 
(Revised)
  
Revenues
                 
Eastern Region
    $ 128,979     $ 91,149  
Western Region
      72,424       57,613  
Other
(1)
      1,615       2,907  
    
 
 
     
 
 
  
Total
   
$
203,018
 
  
$
151,669
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Gross profit
                 
Eastern Region
    $ 84,863     $ 57,549  
Western Region
      27,877       24,239  
Other
      (1,457 )     52  
    
 
 
     
 
 
  
Total
   
$
111,283
 
  
$
81,840
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Depreciation and amortization
                 
Eastern Region
    $ 16,885     $ 14,346  
Western Region
      11,235       11,054  
Other
      807       789  
    
 
 
     
 
 
  
Total
   
$
28,927
 
  
$
26,189
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Asset impairments and write-downs
                 
Eastern Region
    $ 221     $ 23,299  
Western Region
      —         180,283  
Other
      7,193       3,580  
    
 
 
     
 
 
  
Total
   
$
7,414
 
  
$
207,162
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Net loss
                 
Eastern Region
    $ 9,128     $ (58,424 ) 
Western Region
      (2,792 )      (159,894 ) 
Other
      (82,584 )      (95,044 ) 
    
 
 
     
 
 
  
Total
   
$
(76,248
) 
  
$
(313,362
) 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Purchase of property, plant and equipment
                 
Eastern Region
    $ 17,384     $ 12,486  
Western Region
      2,024       780  
Other
      32       169  
    
 
 
     
 
 
  
Total
   
$
19,440
 
  
$
13,435
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Purchase of intangibles
                 
Eastern Region
    $ 100     $ 760  
Western Region
      —         —    
Other
      859       61  
    
 
 
     
 
 
  
Total
   
$
 959    
$
 821  
    
 
 
     
 
 
  
(1)
Revenues from segments below the quantitative thresholds are attributable to an operating segment of the Company that includes revenue from the sale of CBD products throughout the United States. This segment has never met any of the quantitative thresholds for determining reportable segments nor does it meet the qualitative criteria for aggregation with the Company’s reportable segments.
 
  
As of December 31,
 
 
  
2021
 
  
2020
(Revised)
 
Assets
      
Eastern Region
  
$
224,105
 
  
$
227,237
 
Western Region
  
 
106,485
 
  
 
109,039
 
Other
  
 
16,154
 
  
 
16,857
 
 
  
 
 
 
  
 
 
 
Total
  
$
346,744
 
  
$
353,133
 
 
  
 
 
 
  
 
 
 
Summary of Disaggregation of Revenue
    
Year Ended December 31,
  
    
2021
     
2020
  
Revenue
                  
iAnthus branded products
    $ 117,617      $ 83,688  
Third party branded products
      64,267        48,024  
Wholesale/bulk/other products
      21,134        19,957  
    
 
 
     
 
 
  
Total
   
$
203,018
     
$
151,669