XML 41 R30.htm IDEA: XBRL DOCUMENT v3.25.1

Segment and Geographic Information (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration