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Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Data and Adjusted EBITDA

Segment data was as follows for the year ended December 31, 2020:

						United States						Rest of World						Corporate						Total
Consolidated statements of net income (loss) and comprehensive income (loss)
Net revenue
Cannabis flower						$	—					$	27,932					$	—					$	27,932
Cannabis extracts						9,495						8,759						—						18,254
Other						—						533						—						533
Net revenue						9,495						37,224						—						46,719
Share of loss from equity accounted investees						—						(4,510)						—						(4,510)
Interest revenue						16						18,585						—						18,601
Interest expense						(34)						(152)						—						(186)
Interest income (expense), net						(18)						18,433						—						18,415
Depreciation and amortization						234						2,638						—						2,872
Income tax expense						323						1,024						—						1,347
Loss from discontinued operations						—						(650)						—						(650)
Adjusted EBITDA						(28,019)						(98,349)						(20,885)						(147,253)
Consolidated balance sheets
Total assets						253,745						388,351						1,283,586						1,925,682
Investments in equity accounted investees						—						19,235						—						19,235
Goodwill						178,414						1,108						—						179,522
Purchase of property, plant and equipment						385						31,027						—						31,412

Segment data was as follows for the year ended December 31, 2019:

						United States						Rest of World						Corporate						Total
Consolidated statements of net income (loss) and comprehensive income (loss)
Net revenue
Cannabis flower						$	—					$	15,020					$	—					$	15,020
Cannabis extracts						3,364						5,338						—						8,702
Other						—						28						—						28
Net revenue						3,364						20,386						—						23,750
Share of loss from equity accounted investees						—						(2,009)						—						(2,009)
Interest revenue						6						29,207						—						29,213
Interest expense						—						(1,244)						—						(1,244)
Interest income, net						6						27,963						—						27,969
Depreciation and amortization						46						2,044						—						2,090
Income tax expense						—						—						—						—
Loss from discontinued operations						—						(363)						—						(363)
Adjusted EBITDA						(1,703)						(84,826)						(11,779)						(98,308)
Consolidated balance sheets
Total assets						293,985						309,854						1,486,603						2,090,442
Investments in equity accounted investees						—						557						—						557
Goodwill						213,414						1,078						—						214,492
Purchase of property, plant and equipment						259						38,405						—						38,664

Segment data was as follows for the year ended December 31, 2018:

						United States						Rest of World						Corporate						Total
Consolidated statements of net income (loss) and comprehensive income (loss)
Net revenue
Cannabis flower						$	—					$	9,210					$	—					$	9,210
Cannabis extracts						—						2,732						—						2,732
Other						—						179						—						179
Net revenue						—						12,121						—						12,121
Share of loss from equity accounted investees						—						(723)						—						(723)
Interest revenue						—						220						—						220
Interest expense						—						(139)						—						(139)
Interest income, net						—						81						—						81
Depreciation and amortization						—						807						—						807
Income tax expense						—						—						—						—
Loss from discontinued operations						—						(894)						—						(894)
Adjusted EBITDA						—						(10,357)						—						(10,357)
Consolidated balance sheets
Total assets						—						183,471						—						183,471
Investments in equity accounted investees						—						2,960						—						2,960
Goodwill						—						1,314						—						1,314
Purchase of property, plant and equipment						—						88,308						—						88,308

Adjusted EBITDA is reconciled to net income (loss) as follows for the years ended December 31, 2020, 2019 and 2018:

(in thousands of U.S. dollars)						Year ended December 31, 2020
						US						ROW						Corporate Expenses						Total
Net income (loss)						$	(77,368)					$	32,671					$	(30,573)					$	(75,270)
Adjustments
Interest expense (income), net						18						(18,433)						—						(18,415)
Income tax expense						323						1,024						—						1,347
Impairment loss on goodwill and intangible assets						40,000						—						—						40,000
Financing and transaction costs						40						—						—						40
Gain on revaluation of derivative liabilities						—						(129,254)						—						(129,254)
Gain on disposal of other investments						—						(4,789)						—						(4,789)
Share of loss from equity accounted investees						—						4,510						—						4,510
Loss from discontinued operations						—						650						—						650
Other loss (income)						20						1,814						—						1,834
Review costs related to restatement of 2019 interim financial statements						—						—						9,688						9,688
Share-based payments						8,714						6,647						—						15,361
Adjusted EBIT						(28,253)						(105,160)						(20,885)						(154,298)
Adjustments
Depreciation and amortization						234						6,811						—						7,045
Adjusted EBITDA						(28,019)						(98,349)						(20,885)						(147,253)

(in thousands of U.S. dollars)						Year ended December 31, 2019
						US						ROW						Corporate Expenses						Total
Net income (loss)						$	(3,070)					$	1,180,241					$	(11,597)					$	1,165,574
Adjustments
Interest income, net						(6)						(27,963)						—						(27,969)
Impairment loss on goodwill and intangible assets						—						—						—						—
Repurposing charges						—						7,268						—						7,268
Financing and transaction costs						117						32,091						—						32,208
Gain on revaluation of derivative liabilities						—						(1,276,819)						—						(1,276,819)
Gain on disposal of other investments						—						(16,277)						—						(16,277)
Share of loss from equity accounted investees						—						2,009						—						2,009
Loss from discontinued operations						—						363						—						363
Other loss (income)						182						(197)						(182)						(197)
Share-based payments						900						10,719						—						11,619
Adjusted EBIT						(1,877)						(88,565)						(11,779)						(102,221)
Adjustments
Depreciation and amortization						174						3,739						—						3,913
Adjusted EBITDA						$	(1,703)					$	(84,826)					$	(11,779)					$	(98,308)

(in thousands of U.S. dollars)									Year ended December 31, 2018
Net income (loss)																		$	(21,817)
Adjustments
Interest income, net															(81)
Loss (gain) on disposal of other investments															(164)
Share of loss (income) from equity accounted investees															723
Loss from discontinued operations															894
Share-based payments															8,151
Adjusted EBIT															(12,294)
Adjustments
Depreciation and amortization															1,937
Adjusted EBITDA															$	(10,357)

Sources of net revenue were as follows:

			Year ended December 31,
			2020						2019
Cannabis flower			$	27,932					$	15,020
Cannabis extracts			18,254						8,702
Other			533						28
Net revenue			$	46,719					$	23,750

Schedule of Revenue from External Customers by Geographic Areas

Net revenue attributed to a geographic region based on the location of the customer were as follows:

			Year ended December 31,
			2020						2019
Canada			$	34,538					$	20,202
United States			9,495						3,364
Other countries			2,686						184
Total			$	46,719					$	23,750

Schedule of Long-lived Assets by Geographic Areas

Property, plant and equipment assets were physically located in the following geographic regions:

			As of December 31,
			2020						2019
Canada			$	162,163					$	139,160
United States			2,293						2,103
Other countries			23,143						18,685
Total			$	187,599					$	159,948

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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-Publisher FASB
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-Topic 280
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-Section 50
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