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Leases

6 Months Ended

Jun. 30, 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 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