Variable Interest Entities

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

14. VARIABLE INTEREST ENTITIES

The following table represents the summarized financial information about the Company’s consolidated variable interest entities (VIEs) which are included in the consolidated balance sheets and statements of operation as of March 31, 2020 and December 31, 2019. All these entities were determined to be VIEs as the Company possesses the power to direct activities through management services agreements (MSAs).


	March 31, 2020							December 31, 2019
	Chesapeake Alternatives, LLC		Illinois Disp, LLC		Other Non- material VIEs			Chesapeake Alternatives, LLC		Illinois Disp, LLC		Other Non- material VIEs
Current assets	$	22,278,800	$	2,343,228	$	1,710,495		$	19,455,533	$	1,381,716	$	1,352,935
Non-current assets		2,873,410		3,543,890		2,494,212			22,384,663		3,083,659		2,534,297
Current liabilities		16,105,824		884,356		1,146,023			14,219,204		149,498		783,682
Non-current liabilities		1,129,327		596,387		838,422			1,169,989		137,736		855,440
Noncontrolling interests		132,732		2,203,187		(109,709	)		350,206		2,089,071		(22,488	)
Equity attributable to Green Thumb Industries Inc.		7,784,327		2,203,187		2,329,971			6,645,263		2,089,070		2,270,598
Revenues		4,308,630		2,781,616		1,712,651			16,056,521		5,857,946		3,516,164
Net income (loss) attributable to noncontrolling interests		41,409		364,116		37,179			—		699,624		(112,245	)
Net income (loss) attributable to Green Thumb Industries Inc.		1,139,063		364,117		59,373			1,807,229		699,625		(79,402	)

Net income (loss)	$	1,180,472	$	728,233	$	96,552		$	1,807,229	$	1,399,249	$	(191,647	)

As of March 31, 2020 and December 31, 2019 , VIEs included in the Other

Non-material

VIEs are Bluepoint Wellness of Westport LLC and Meshow, LLC.

During 2019, the Company acquired noncontrolling interests for Ohio Investors 2017, LLC; KW Ventures Holdings, LLC (Firefly); and GTI New Jersey, LLC. There have been no changes in ownership of any of the Companies VIEs since December 31, 2019.