Leases

12 Months Ended

Dec. 31, 2020

LEASES

The Company leases a parcel of land in Marfa, Texas that one of its greenhouses resides on as well as two distribution centers located in Fort Worth, Texas and Surrey, British Columbia. The Company also leases production related equipment at its greenhouses in Texas and British Columbia. In January 2020, the Company commenced leasing of an office building located in Lake Mary, Florida for its corporate headquarters.

The components of lease related expenses are as follows:

	Year ended December 31,
	2020		2019
Operating lease expense (a)	$	2,244	$	2,410
Finance lease expense:
Amortization of right-of-use assets		63		80
Interest on lease liabilities		4		7
Total finance lease expense	$	67	$	87

(a)

Includes short-term lease costs of $461 and $1,287 for the year ended December 31, 2020 and 2019.

Cash paid for amounts included in the measurement of lease liabilities:

	Year ended December 31,
	2020		2019
Operating cash flows from operating leases	$	1,150	$	1,043
Operating cash flows from finance leases	$	4	$	—
Financing cash flows from finance leases	$	63	$	90

	December 31, 2020
Weighted average remaining lease term:
Operating leases	4.3 years
Finance leases	1.2 years
Weighted average discount rate:
Operating leases		5.75	%
Finance leases		6.25	%

Maturities of lease liabilities are as follows:

	Operating leases			Finance leases
2021	$	1,304		$	30
2022		1,090			9
2023		870			—
2024		512			—
2025		258			—
Thereafter		—			—
Undiscounted lease cash flow commitments		4,034			39
Reconciling impact from discounting		(72	)		(4	)
Lease liabilities on consolidated balance sheet as of December 31, 2020	$	3,962		$	35