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v3.25.1

Segment and Geographic Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reconciliation of Segment Revenue, Measures of Segments Profit or Loss, and Significant Segment Expenses Reconciled to Consolidated Loss Before Income Taxes | The following tables reflect the reconciliation of segment revenue, measures of a segments profit or loss, and significant segment expenses reconciled to the consolidated loss before income taxes:
| For the Three Months Ended March 31, 2025 |
| VF Fresh (Produce) |  |  | Cannabis Canada |  |  | Cannabis U.S. |  |  | Clean Energy |  |  | Cannabis Netherlands |  |  | Total |
Sales to external customers | $ | 37,421 |  |  | $ | 34,837 |  |  | $ | 3,904 |  |  | $ | 426 |  |  | $ | 486 |  |  | $ | 77,074 |
Cost of sales |  | (41,703 | ) |  |  | (22,362 | ) |  |  | (1,311 | ) |  |  | (73 | ) |  |  | (285 | ) |  |  | (65,734 | )
Selling, general and administrative expenses |  | (2,875 | ) |  |  | (8,762 | ) |  |  | (2,535 | ) |  |  | (28 | ) |  |  | (439 | ) |  |  | (14,639 | )
Segment operating (loss) income | $ | (7,157 | ) |  | $ | 3,713 |  |  | $ | 58 |  |  | $ | 325 |  |  | $ | (238 | ) |  | $ | (3,299 | )
Reconciliation of segment operating (loss) income to net loss before taxes |
Other expense, net (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (693 | )
Other corporate expenses (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,140 | )
Loss before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (6,132 | )
| For the Three Months Ended March 31, 2024 |
| VF Fresh (Produce) |  |  | Cannabis Canada |  |  | Cannabis U.S. |  |  | Clean Energy |  |  | Cannabis Netherlands |  |  | Total |
Sales to external customers | $ | 36,094 |  |  | $ | 37,446 |  |  | $ | 4,537 |  |  | $ | — |  |  | $ | — |  |  | $ | 78,077 |
Cost of sales |  | (32,784 | ) |  |  | (27,938 | ) |  |  | (1,842 | ) |  |  | — |  |  |  | — |  |  |  | (62,564 | )
Selling, general and administrative expenses |  | (2,693 | ) |  |  | (7,704 | ) |  |  | (3,406 | ) |  |  | (20 | ) |  |  | (363 | ) |  |  | (14,186 | )
Segment operating income (loss) | $ | 617 |  |  | $ | 1,804 |  |  | $ | (711 | ) |  | $ | (20 | ) |  | $ | (363 | ) |  | $ | 1,327 |
Reconciliation of segment operating (loss) income to net loss before taxes |
Other expense, net (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,485 | )
Other corporate expenses (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,201 | )
Loss before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (2,359 | )
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (2) Other income (expense), net is comprised of interest expense, interest income, foreign exchange (loss) gain, other income (expense). (3) Other corporate expenses are comprised of expenses related to centralized corporate functions such as accounting, treasury, information technology, legal, human services, and internal audit expenses.
Summary of Interest Income, Interest Expense, Depreciation and Amortization, Other Significant Non-Cash Items and Expenditures for Capital Assets by Reportable Segment | The following tables summarizes our interest income, interest expense, depreciation and amortization, other significant noncash items, and expenditures for capital assets by reportable segment:
| For the Three Months Ended March 31, 2025 |
| VF Fresh (Produce) |  | Cannabis Canada |  | Cannabis U.S. |  | Clean Energy |  | Cannabis Netherlands |  | Segment Totals |  | Corporate |  | Consolidated Totals |
Interest income |  | — |  |  | 51 |  |  | — |  |  | — |  |  | — |  |  | 51 |  |  | 24 |  |  | 75 |
Interest expense |  | 515 |  |  | 191 |  |  | — |  |  | — |  |  | — |  |  | 706 |  |  | — |  |  | 706 |
Depreciation and amortization |  | 1,991 |  |  | 2,574 |  |  | 49 |  |  | — |  |  | 315 |  |  | 4,929 |  |  | 44 |  |  | 4,973 |
Share based compensation |  | 13 |  |  | 41 |  |  | 7 |  |  | — |  |  | — |  |  | 61 |  |  | 84 |  |  | 145 |
Other significant noncash items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-cash lease expense |  | 375 |  |  | 21 |  |  | 136 |  |  | — |  |  | — |  |  | 532 |  |  | — |  |  | 532 |
Expenditures for segment assets |  | 1,307 |  |  | 1,058 |  |  | 8 |  |  | — |  |  | 166 |  |  | 2,539 |  |  | — |  |  | 2,539 |
| For the Three Months Ended March 31, 2024 |
| VF Fresh (Produce) |  | Cannabis Canada |  | Cannabis U.S. |  | Clean Energy |  | Cannabis Netherlands |  | Segment Totals |  | Corporate |  | Consolidated Totals |
Interest income |  | 2 |  |  | 50 |  |  | — |  |  | — |  |  | — |  |  | 52 |  |  | 154 |  |  | 206 |
Interest expense |  | 572 |  |  | 345 |  |  | — |  |  | — |  |  | — |  |  | 917 |  |  | — |  |  | 917 |
Depreciation and amortization |  | 1,334 |  |  | 2,796 |  |  | 54 |  |  | — |  |  | 314 |  |  | 4,498 |  |  | 60 |  |  | 4,558 |
Share based compensation |  | — |  |  | 55 |  |  | 42 |  |  | — |  |  | — |  |  | 97 |  |  | 308 |  |  | 405 |
Other significant noncash items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-cash lease expense |  | 470 |  |  | 22 |  |  | 139 |  |  | — |  |  | — |  |  | 631 |  |  | — |  |  | 631 |
Expenditures for segment assets |  | 1,063 |  |  | 82 |  |  | 4 |  |  | — |  |  | 727 |  |  | 1,876 |  |  | — |  |  | 1,876 |
Summary of Total Assets by Reportable Segment | The following tables summarizes our total assets by reportable segment:
|  | March 31, 2025 |  |  | December 31, 2024 |
Assets |  |  |  |  |  |
Produce |  | $ | 86,538 |  |  | $ | 97,332 |
Cannabis - Canada |  |  | 264,463 |  |  |  | 266,433 |
Cannabis - United States |  |  | 6,662 |  |  |  | 6,728 |
Clean Energy |  |  | 523 |  |  |  | 360 |
Cannabis - Netherlands |  |  | 12,109 |  |  |  | 11,093 |
Total assets for reportable segments |  | $ | 370,295 |  |  | $ | 381,946 |
Corporate |  |  | 6,809 |  |  |  | 7,360 |
Consolidated total |  | $ | 377,104 |  |  | $ | 389,306 |
Summary of Assets by Geographic Location | The Company’s primary operations are in the United States and Canada. The following tables summarizes our assets by geographic location:
Total assets |  | March 31, 2025 |  |  | December 31, 2024 |
United States |  | $ | 73,492 |  |  | $ | 87,894 |
Canada |  |  | 291,503 |  |  |  | 290,319 |
Netherlands |  |  | 12,109 |  |  |  | 11,093 |
|  | $ | 377,104 |  |  | $ | 389,306 |
Long-lived assets |  | March 31, 2025 |  |  | December 31, 2024 |
United States |  | $ | 43,115 |  |  | $ | 43,686 |
Canada |  |  | 218,625 |  |  |  | 219,735 |
Netherlands |  |  | 10,490 |  |  |  | 9,866 |
|  | $ | 272,230 |  |  | $ | 273,287 |

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