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Investment in Joint Ventures (Tables)
 3 Months Ended
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
)