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Leases

12 Months Ended

Dec. 31, 2021

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 leases production-related equipment at its greenhouses in Texas and British Columbia. The Company also leases an office building located in Lake Mary, Florida for its corporate headquarters, and office and manufacturing space in Denver, Colorado for BHB’s headquarters and operations. Rose owns land and leases a building for headquarters and operations in Montreal, Quebec.

The components of lease related expenses are as follows:

	Year ended December 31,
	2021		2020
Operating lease expense (a)	$	2,926	$	2,244
Finance lease expense:
Amortization of right-of-use assets		25		63
Interest on lease liabilities		—		4
Total finance lease expense	$	25	$	67

(a)

Includes short-term lease costs of $680 and $461 for the year ended December 31, 2021 and 2020.

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

	Year ended December 31,
	2021		2020
Operating cash flows from operating leases	$	1,351	$	1,150
Operating cash flows from finance leases	$	—	$	4
Financing cash flows from finance leases	$	17	$	63

	December 31, 2021
Weighted average remaining lease term:
Operating leases	6 years
Finance leases	1 year
Weighted average discount rate:
Operating leases		8.48	%
Finance leases		6.25	%

Maturities of lease liabilities are as follows:

	Operating leases			Finance leases
2022	$	2,137		$	9
2023		1,900			—
2024		1,386			—
2025		1,145			—
2026		1,166			—
Thereafter		3,183			—
Undiscounted lease cash flow commitments		10,917			9
Reconciling impact from discounting		(3,253	)
Lease liabilities on consolidated statement of financial position as of December 31, 2021	$	7,664		$	9