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Segment Information | 9 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | 30. SEGMENT INFORMATION Reportable segments Prior to the three months ended September 30, 2022, the Company had the following two reportable segments: (i) global cannabis; and (ii) other consumer products. Following the completion of certain restructuring actions which were initiated in the three months ended March 31, 2022, and which were aligned with the Company's strategic review of its business, the Company has changed the structure of its internal management financial reporting. Accordingly, in the three months ended September 30, 2022, the Company began reporting its financial results for the following five reportable segments: • Canada cannabis - includes the production, distribution and sale of a diverse range of cannabis, hemp and cannabis products in Canada pursuant to the Cannabis Act; • Rest-of-world cannabis - includes the production, distribution and sale of a diverse range of cannabis, hemp and cannabis products internationally pursuant to applicable international legislation, regulations and permits; • Storz & Bickel - includes the production, distribution and sale of vaporizers; • BioSteel - includes the production, distribution and sale of consumer packaged goods ("CPG") including sports nutrition beverages, mixes, protein, gum and mints, some of which have been blended with hemp-derived CBD isolate; and • This Works - includes the production, distribution and sale of beauty, skincare, wellness and sleep products, some of which have been blended with hemp-derived CBD isolate. These segments reflect how the Company's operations are managed, how the Company's Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), allocates resources and evaluates performance, and how the Company's internal management financial reporting is structured. The Company's CODM evaluates the performance of these segments, with a focus on (i) segment net revenue, and (ii) segment gross margin as the measure of segment profit or loss. Accordingly, information regarding segment net revenue and segment gross margin for the comparative periods has been restated to reflect the aforementioned change in reportable segments. The remainder of the Company's operations include revenue derived from, and cost of sales associated with, the Company's non-cannabis extraction activities and other ancillary activities; these are included within "other".
|  | Three months ended |  |  | Nine months ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Segmented net revenue |  |  |  |  |  |  |  |  |  |  |  |
Canada cannabis |  | $ | 46,617 |  |  | $ | 60,678 |  |  | $ | 151,336 |  |  | $ | 205,879 |
Rest-of-world cannabis |  |  | 5,846 |  |  |  | 22,299 |  |  |  | 30,179 |  |  |  | 65,362 |
Storz & Bickel |  |  | 20,214 |  |  |  | 25,205 |  |  |  | 49,351 |  |  |  | 63,786 |
BioSteel |  |  | 16,363 |  |  |  | 16,974 |  |  |  | 64,173 |  |  |  | 31,147 |
This Works |  |  | 8,289 |  |  |  | 10,730 |  |  |  | 20,677 |  |  |  | 26,308 |
Other |  |  | 3,884 |  |  |  | 5,086 |  |  |  | 13,475 |  |  |  | 16,073 |
|  | $ | 101,213 |  |  | $ | 140,972 |  |  | $ | 329,191 |  |  | $ | 408,555 |
Segmented gross margin: |  |  |  |  |  |  |  |  |  |  |  |
Canada cannabis |  | $ | (5,281 | ) |  | $ | (13,121 | ) |  |  | (25,466 | ) |  | $ | (97,925 | )
Rest-of-world cannabis |  |  | (2,184 | ) |  |  | 4,660 |  |  |  | (3,676 | ) |  |  | 24,245 |
Storz & Bickel |  |  | 9,186 |  |  |  | 11,172 |  |  |  | 20,809 |  |  |  | 27,623 |
BioSteel |  |  | (7,669 | ) |  |  | 1,352 |  |  |  | (804 | ) |  |  | (2,361 | )
This Works |  |  | 4,032 |  |  |  | 5,469 |  |  |  | 8,982 |  |  |  | 12,423 |
Other |  |  | (525 | ) |  |  | 558 |  |  |  | 143 |  |  |  | 2,183 |
|  |  | (2,441 | ) |  |  | 10,090 |  |  |  | (12 | ) |  |  | (33,812 | )
Selling, general and administrative expenses |  |  | 122,636 |  |  |  | 116,835 |  |  |  | 351,891 |  |  |  | 355,165 |
Share-based compensation |  |  | 6,428 |  |  |  | 6,777 |  |  |  | 21,725 |  |  |  | 35,856 |
Asset impairment and restructuring costs |  |  | 22,259 |  |  |  | 36,439 |  |  |  | 1,794,212 |  |  |  | 128,198 |
Operating loss |  |  | (153,764 | ) |  |  | (149,961 | ) |  |  | (2,167,840 | ) |  |  | (553,031 | )
Loss from equity method investments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (100 | )
Other income (expense), net |  |  | (113,340 | ) |  |  | 34,282 |  |  |  | (406,762 | ) |  |  | 810,769 |
(Loss) income before incomes taxes |  | $ | (267,104 | ) |  | $ | (115,679 | ) |  | $ | (2,574,602 | ) |  | $ | 257,638 |
Asset information by segment is not provided to, or reviewed by, the Company’s CODM as it is not used to make strategic decisions, allocate resources, or assess performance. Entity-wide disclosures Disaggregation of net revenue by geographic area:
|  | Three months ended |  |  | Nine months ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Canada |  | $ | 65,851 |  |  | $ | 78,644 |  |  | $ | 226,312 |  |  | $ | 241,440 |
Germany |  |  | 12,772 |  |  |  | 23,143 |  |  |  | 36,383 |  |  |  | 71,619 |
United States |  |  | 10,292 |  |  |  | 22,764 |  |  |  | 30,688 |  |  |  | 60,856 |
Other |  |  | 12,298 |  |  |  | 16,421 |  |  |  | 35,808 |  |  |  | 34,640 |
|  | $ | 101,213 |  |  | $ | 140,972 |  |  | $ | 329,191 |  |  | $ | 408,555 |
Disaggregation of property, plant and equipment by geographic area:
|  | December 31, |  |  | March 31, |
|  | 2022 |  |  | 2022 |
Canada |  | $ | 726,613 |  |  | $ | 827,591 |
United States |  |  | 96,159 |  |  |  | 63,247 |
Other |  |  | 51,257 |  |  |  | 51,942 |
|  | $ | 874,029 |  |  | $ | 942,780 |
For the three months ended December 31, 2022, no customer represented more than 10% of the Company’s net revenue (three months ended December 31, 2021 – none). For the nine months ended December 31, 2022, no customer represented more than 10% of the Company's net revenue (nine months ended December 31, 2021 – one)

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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