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Leases

3 Months Ended

Mar. 31, 2022

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 Balanced Health’s headquarters and operations. Rose owns land and leases a building for its headquarters and operations in Montreal, Quebec.

The components of lease related expenses are as follows:

	Three months ended March 31,
	2022		2021
Operating lease expense^(a)	$	664	$	622

^(a)

Includes short-term lease costs of $153 and $148 for the three months ended March 31, 2022 and 2021, respectively.

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

	Three months ended March 31,
	2022		2021
Operating cash flows from operating leases	$	116	$	128
Finance cash flows from finance leases	$	301	$	155

	March 31, 2022
Weighted average remaining lease term:
Operating leases		6.3
Finance leases		0.3
Weighted average discount rate:
Operating leases		8.55	%
Finance leases		6.25	%

Maturities of lease liabilities are as follows:

	Operating leases
Remainder of 2022	$	1,560
2023		1,900
2024		1,386
2025		1,145
2026		1,166
Thereafter		3,183
Undiscounted lease cash flow commitments		10,340
Reconciling impact from discounting		(3,102	)
Lease liabilities on consolidated statement of financial position as of March 31, 2022	$	7,238