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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 16,513 $ 19,494
Accounts receivable, net 2,044 4,882
Notes receivable - current 495 495
Inventories, net 50,599 52,077
Prepaid expenses and other current assets 4,530 8,095
Income taxes receivable 0 10,764
Total current assets 74,181 95,807
Property and equipment, net 31,087 36,085
Operating lease right-of-use assets, net 17,079 20,679
Intangible assets, net 2,018 2,843
Stanley Brothers USA Holdings purchase option 9,100 13,000
Notes receivable - noncurrent 1,037 1,037
Other long-term assets 6,016 2,062
Total assets 140,518 171,513
Current liabilities:    
Accounts payable 2,584 5,049
Accrued and other current liabilities 7,435 9,570
Cultivation liabilities – current 812 3,448
Lease obligations – current 2,316 2,103
Total current liabilities 13,147 20,170
Cultivation liabilities – noncurrent 0 385
Lease obligations – noncurrent 18,507 20,500
Other long-term liabilities 2 12
Total liabilities 31,656 41,067
Commitments and contingencies (note 6)
Shareholders’ equity:    
Common shares, nil par value; unlimited shares authorized as of September 30, 2022 and December 31, 2021, respectively; 145,509,372 and 144,659,964 shares issued and outstanding as of September 30, 2022 and December 31, 2021 1 1
Proportionate voting shares, nil par value; nil shares authorized as of September 30, 2022 and December 31, 2021, respectively; nil shares issued and outstanding as of September 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 321,559 319,059
Accumulated deficit (212,698) (188,614)
Total shareholders’ equity 108,862 130,446
Total liabilities and shareholders’ equity $ 140,518 $ 171,513