XML 24 R17.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment and Geographic Information
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024, 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 renewable natural gas that it sells per a long-term contract to one customer.

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

 

Three months ended March 31,

 

 

2024

 

 

2023

 

Sales

 

 

 

 

 

Produce

$

36,094

 

 

$

34,567

 

Cannabis - Canada

 

37,446

 

 

 

25,112

 

Cannabis - United States

 

4,537

 

 

 

4,977

 

$

78,077

 

 

$

64,656

 

Gross profit

 

 

 

 

 

Produce

$

3,310

 

 

$

614

 

Cannabis - Canada

 

9,508

 

 

 

8,455

 

Cannabis - United States

 

2,695

 

 

 

3,238

 

Energy

 

—

 

 

 

(7

)

$

15,513

 

 

$

12,300