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Segment and Geographic Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment and Geographic Information

9. SEGMENT AND GEOGRAPHIC INFORMATION

Segment reporting is prepared on the same basis that the Company’s Chief Executive Officer, who is the Company’s Chief Operating Decision Maker, manages the business, makes operating decisions and assesses performance.

As of September 30, 2023, the Company’s four segments are as follows:

 

Segment

 

Description

Produce

 

The Produce segment produces, markets, and sells premium quality tomatoes, bell peppers and cucumbers.

Cannabis – Canada

 

The Cannabis – Canada segment produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally.

Cannabis – United States

 

The Cannabis – United States segment develops and sells high-quality, CBD-based health and wellness products including ingestible, edible and topical applications.

Energy

 

The Energy business produces power that it sells per a long-term contract to its one customer.

 

The Company’s primary operations are in the United States and Canada. Segment information is summarized below:

 

 

Three months ended September 30,

 

 

Nine Months Ended September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Sales

 

 

 

 

 

 

 

 

 

 

 

Produce

$

35,712

 

 

$

35,527

 

 

$

114,125

 

 

$

124,052

 

Cannabis - Canada

 

28,810

 

 

 

30,394

 

 

 

81,987

 

 

 

81,956

 

Cannabis - United States

 

4,988

 

 

 

5,135

 

 

 

15,266

 

 

 

17,971

 

Energy

 

—

 

 

 

—

 

 

 

—

 

 

 

136

 

$

69,510

 

 

$

71,056

 

 

$

211,378

 

 

$

224,115

 

Gross margin

 

 

 

 

 

 

 

 

 

 

 

Produce

$

1,492

 

 

$

(3,303

)

 

$

(654

)

 

$

(16,560

)

Cannabis - Canada

 

9,944

 

 

 

8,198

 

 

 

29,114

 

 

 

29,216

 

Cannabis - United States

 

3,185

 

 

 

3,523

 

 

 

9,981

 

 

 

12,072

 

Energy

 

—

 

 

 

(44

)

 

 

(21

)

 

 

(127

)

$

14,621

 

 

$

8,374

 

 

$

38,420

 

 

$

24,601