XML 41 R26.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Loans Receivable, net (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Receivables [Abstract] |
Schedule of Loans Receivable | Loans receivable, net consists of the following:
|  | As of June 30, 2024 |  | As of December 31, 2023
GrowCo Credit Facility |  | $ | 4,875 |  |  | $ | 5,034 |
Add: Current portion of accrued interest |  | — |  |  | 507 |
Total current portion of loans receivable, net |  | 4,875 |  |  | 5,541 |
GrowCo Credit Facility |  | 57,271 |  |  | 53,638 |
Mucci Promissory Note |  | 13,929 |  |  | 13,379 |
Cannasoul Collaboration Loan |  | 1,692 |  |  | 1,771 |
Add: Long-term portion of accrued interest |  | 273 |  |  | 248 |
Total long-term portion of loans receivable, net |  | 73,165 |  |  | 69,036 |
Total loans receivable, net |  | $ | 78,040 |  |  | $ | 74,577 |
Schedule of Expected Credit Loss Allowances | Expected credit loss allowances on the Company’s long-term financial assets for the six months ended June 30, 2024 and 2023 were comprised of the following items:
| As of April 1, 2024 |  | Increase(i) |  | Foreign exchange effect |  | As of June 30, 2024
GrowCo Credit Facility | $ | 10,740 |  |  | $ | 1,207 |  |  | $ | (109) |  |  | $ | 11,838 |
Mucci Promissory Note | 89 |  |  | 1 |  |  | — |  |  | 90 |
Cannasoul Collaboration Loan | 518 |  |  | 4 |  |  | (16) |  |  | 506 |
| $ | 11,347 |  |  | $ | 1,212 |  |  | $ | (125) |  |  | $ | 12,434 |
| As of January 1, 2024 |  | Increase(i) |  | Foreign exchange effect |  | As of June 30, 2024
GrowCo Credit Facility | $ | 11,176 |  |  | $ | 1,010 |  |  | $ | (348) |  |  | $ | 11,838 |
Mucci Promissory Note | 89 |  |  | 3 |  |  | (2) |  |  | 90 |
Cannasoul Collaboration Loan | 524 |  |  | 8 |  |  | (26) |  |  | 506 |
| $ | 11,789 |  |  | $ | 1,021 |  |  | $ | (376) |  |  | $ | 12,434 |
| As of April 1, 2023 |  | Increase (decrease) |  | Foreign exchange effect |  | As of June 30, 2023
GrowCo Credit Facility | $ | 11,719 |  |  | $ | (379) |  |  | $ | 239 |  |  | $ | 11,579 |
Mucci Promissory Note | 91 |  |  | (7) |  |  | 2 |  |  | 86 |
Cannasoul Collaboration Loan | 514 |  |  | 4 |  |  | (15) |  |  | 503 |
| $ | 12,324 |  |  | $ | (382) |  |  | $ | 226 |  |  | $ | 12,168 |
| As of January 1, 2023 |  | Increase (decrease) |  | Foreign exchange effect |  | As of June 30, 2023
GrowCo Credit Facility | $ | 12,455 |  |  | $ | (1,149) |  |  | $ | 273 |  |  | $ | 11,579 |
Mucci Promissory Note | 89 |  |  | (5) |  |  | 2 |  |  | 86 |
Cannasoul Collaboration Loan | 522 |  |  | 8 |  |  | (27) |  |  | 503 |
| $ | 13,066 |  |  | $ | (1,146) |  |  | $ | 248 |  |  | $ | 12,168 |
(i)During the three and six months ended June 30, 2024, $1,212 and $1,021, respectively, were recorded as increases to general and administrative expenses on the condensed consolidated statements of net loss and comprehensive income (loss) primarily as a result of the increased loans under the GrowCo Credit Facility. During the three and six months ended June 30, 2023, $382 and $1,146, respectively, were recorded as decreases to general and administrative expenses on the condensed consolidated statements of net loss and comprehensive income (loss) as a result of adjustments to our expected credit losses.

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration