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Segment and Geographic Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment and Geographic Information

10. 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 June 30, 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 receives a royalty from a renewable natural gas facility that is located at the Company's Delta facility.

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

 

Three months ended June 30,

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Sales

 

 

 

 

 

 

 

 

 

 

 

Produce

$

47,019

 

 

$

43,846

 

 

$

83,113

 

 

$

78,413

 

Cannabis - Canada

 

40,745

 

 

 

28,065

 

 

 

78,191

 

 

 

53,177

 

Cannabis - United States

 

4,297

 

 

 

5,301

 

 

 

8,834

 

 

 

10,278

 

Energy

 

121

 

 

 

—

 

 

 

121

 

 

 

—

 

$

92,182

 

 

$

77,212

 

 

$

170,259

 

 

$

141,868

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

Produce

$

(4,164

)

 

$

(2,761

)

 

$

(854

)

 

$

(2,146

)

Cannabis - Canada

 

10,705

 

 

 

10,716

 

 

 

20,213

 

 

 

19,170

 

Cannabis - United States

 

2,629

 

 

 

3,558

 

 

 

5,324

 

 

 

6,796

 

Energy

 

78

 

 

 

(14

)

 

 

78

 

 

 

(21

)

$

9,248

 

 

$

11,499

 

 

$

24,761

 

 

$

23,799