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Leases | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases |
7 | 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 June 30, |  |  | Six months ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating lease expense (a) |  | $ | 1,733 |  |  | $ | 600 |  |  | $ | 3,466 |  |  | $ | 1,222 |
(a) | Includes short-term lease costs of $360 and $155 for the three months ended June 30, 2022 and 2021and $512 and $303 for the six months ended June 30, 2022 and 2021, respectively.
Cash paid for amounts included in the measurement of lease liabilities:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating cash flows from operating leases and finance leases |  | $ | (145 | ) |  | $ | 127 |  |  | $ | (29 | ) |  | $ | 255 |
Finance cash flows from finance leases |  | $ | 311 |  |  | $ | 155 |  |  | $ | 612 |  |  | $ | 310 |
|  | June 30, 2022 |
Weighted average remaining lease term: |  |  |  |
Operating leases |  |  | 5.8 |
Finance leases |  |  | 0.1 |
Weighted average discount rate: |  |  |  |
Operating leases |  |  | 7.41 | %
Finance leases |  |  | 6.25 | %
Maturities of lease liabilities are as follows:
|  | Operating leases |
Remainder of 2022 |  | $ | 1,320 |
2023 |  |  | 2,616 |
2024 |  |  | 2,126 |
2025 |  |  | 1,911 |
2026 |  |  | 2,001 |
Thereafter |  |  | 3,475 |
Undiscounted lease cash flow commitments |  |  | 13,449 |
Reconciling impact from discounting |  |  | (5,629 | )
Lease liabilities on consolidated statement of financial position as of June 30, 2022 |  | $ | 7,820 |

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