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Investment in Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2020
Schedule of equity method investments [Line Items] |
Summary of earnings (losses) from unconsolidated entities | Summarized Equity Earnings (Losses) from Unconsolidated Entities
|  | Equity earnings from unconsolidated entities |
|  | Three months ended March 31, |
|  | 2020 |  |  | 2019 |
Pure Sunfarms |  | $ | 3,531 |  |  | $ | 2,641 |
VF Hemp |  |  | (302 | ) |  |  | (30 | )
Total |  | $ | 3,229 |  |  | $ | 2,611 |
Summary of company share of the joint venture | The Company’s share of the joint venture consists of the following:
Balance, January 1, 2019 |  | $ | 6,341 |
Investments in joint venture |  |  | 18,717 |
Share of net income for the year |  |  | 16,276 |
Balance, December 31, 2019 |  | $ | 41,334 |
Balance, January 1, 2020 |  | $ | 41,334 |
Investments in joint venture |  |  | 10,742 |
Share of net income for the period |  | $ | 3,531 |
Balance, March 31, 2020 |  | $ | 55,607 |
Summary of summarized financial information | Summarized financial information of Pure Sunfarms (in USD):
|  | March 31, 2020 |  |  | December 31, 2019 |
Current assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 608 |  |  | $ | 7,356 |
Trade receivables |  |  | 12,809 |  |  |  | 8,687 |
Inventory |  |  | 29,970 |  |  |  | 21,745 |
Other current assets |  |  | 5,933 |  |  |  | 6,964 |
Non-current assets |  |  | 105,921 |  |  |  | 108,652 |
Current liabilities |  |  |  |  |  |  |  |
Trade payables |  |  | (12,288 | ) |  |  | (4,938 | )
Borrowings due to joint ventures |  |  | (10,311 | ) |  |  | (26,413 | )
Income taxes payable |  |  | (8,843 | ) |  |  | (8,489 | )
Borrowings – current |  |  | (1,341 | ) |  |  | (1,423 | )
Other current liabilities |  |  | (11,360 | ) |  |  | (5,021 | )
Non-current liabilities |  |  |  |  |  |  |  |
Borrowings – long term |  |  | (11,642 | ) |  |  | (13,089 | )
Deferred tax liabilities |  |  | (3,372 | ) |  |  | (2,473 | )
Net assets |  | $ | 96,084 |  |  | $ | 91,558 |
|  | March 31, 2020 |  |  | December 31, 2019 |
Reconciliation of net assets: |  |  |  |  |  |  |  |
Accumulated retained earnings |  | $ | 32,844 |  |  | $ | 26,679 |
Contributions from joint venture partners |  |  | 70,088 |  |  |  | 63,481 |
Currency translation adjustment |  |  | (6,848 | ) |  |  | 1,398 |
Net assets |  | $ | 96,084 |  |  | $ | 91,558 |
|  | Three Months Ended March 31, 2020 |  |  | Three Months Ended March 31, 201 9 |
Revenue |  | $ | 13,137 |  |  | $ | 10,801 |
Cost of sales* |  |  | (6,258 | ) |  |  | (3,818 | )
Gross margin |  |  | 6,879 |  |  |  | 6,983 |
Selling, general and administrative expenses |  |  | (2,434 | ) |  |  | (999 | )
Income from operations |  |  | 4,445 |  |  |  | 5,984 |
Interest expense |  |  | (217 | ) |  |  | (1 | )
Foreign exchange ( loss ) gain |  |  | (179 | ) |  |  | 39 |
Other income, net ** |  |  | 4,332 |  |  |  | 10 |
Income before taxes |  |  | 8,381 |  |  |  | 6,032 |
Provision for income taxes |  |  | (2,216 | ) |  |  | (1,629 | )
Net income |  | $ | 6,165 |  |  | $ | 4,403 |
| * | Included in cost of sales for the three months ended March 31, 2020 and 2019 is $449 and $458, respectively, of depreciation expense.
| ** | Includes gain recognized on settlement of net liabilities of $4,348 ( CA $6,044).
Village Fields Hemp USA LLC [Member] |
Schedule of equity method investments [Line Items] |
Summary of company share of the joint venture | The Company’s share of the joint venture consists of the following:
Balance, beginning of the period |  | $ | — |
Investments in joint venture |  |  | 7 |
Share of net loss |  |  | (2,464 | )
Losses applied against joint venture note receivable |  |  | 2,457 |
Balance, December 31, 2019 |  | $ | — |
Balance, beginning of the period |  | $ | — |
Investments in joint venture |  |  | — |
Share of net loss |  |  | (302 | )
Losses applied against joint venture note receivable |  |  | 302 |
Balance, March 31, 2020 |  | $ | — |
Summary of summarized financial information | Summarized financial information of VF Hemp:
|  | March 31, 2020 |  |  | December 31, 2019 |
Current assets |  |  |  |  |  |  |  |
Inventory |  | $ | 9,268 |  |  | $ | 9,308 |
Other current assets |  |  | 163 |  |  |  | 546 |
Non-current assets |  |  | 1,406 |  |  |  | 1,476 |
Current liabilities |  |  | (1,386 | ) |  |  | (1,788 | )
Non-current liabilities |  |  | (13,697 | ) |  |  | (13,323 | )
Net assets |  | $ | (4,246 | ) |  | $ | (3,781 | )
Reconciliation of net assets: |  | March 31, 2020 |  |  | December 31, 2019 |
Beginning retained earnings |  | $ | (3,791 | ) |  | $ | (3,791 | )
Net loss for the three months ended March 31, 2020 |  |  | (465 | ) |  |  | — |
Contributions from joint venture partners |  |  | 10 |  |  |  | 10 |
Net assets |  | $ | (4,246 | ) |  | $ | (3,781 | )

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