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Variable Interest Entities
 9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entities
14.
VARIABLE INTEREST ENTITIES
 
The following table presents the summarized financial information about the Company’s consolidated variable interest entities (“VIEs”) which are included in the unaudited interim condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019:
 
   
September 30, 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
  $29,728,652   $2,489,118   $2,261,685   $19,455,533   $1,381,716   $1,352,935 
Non-current
assets
   3,041,401    3,752,645    2,353,991    22,384,663    3,083,659    2,534,297 
Current liabilities
   21,228,691    898,661    1,108,292    14,219,204    149,498    783,682 
Non-current
liabilities
   785,724    473,136    802,823    1,169,989    137,736    855,440 
Equity attributable to noncontrolling interests
   298,252    2,309,983    85,561    350,206    2,089,071    (22,488) 
Equity attributable to Green Thumb Industries Inc.
   10,457,386    2,309,983    2,619,001    6,645,263    2,089,070    2,270,598 
The Following tables presents the summarized financial information about the Company’s VIEs which are included in the unaudited interim condensed consolidated statements of operations for the three and nine months ended September 30, 2020 and 2019:
 
   
Three Months Ended
 
   
September 30, 2020
   
September 30, 2019
 
   
Chesapeake
Alternatives, LLC
   
Illinois Disp, LLC
   
Other Non-material

VIEs
   
Chesapeake
Alternatives, LLC
  
Illinois

Disp, LLC
   
Other Non-material

VIEs
 
Revenues
  $5,684,349   $5,224,583   $2,695,781   $4,369,436  $1,620,065   $689,097 
Net income (loss) attributable to noncontrolling interests
   26,134    897,494    185,452    1,807,394   185,930    (1,624,850) 
Net income (loss) attributable to Green Thumb Industries Inc.
   1,033,650    897,494    294,969    (971,880)   185,931    1,059,653 
  
 
 
   
 
 
   
 
 
   
 
 
  
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
  
$
1,059,784
 
  
$
1,794,988
 
  
$
480,421
 
  
$
835,514
 
 
$
371,860
 
  
$
(565,197
) 
  
 
 
   
 
 
   
 
 
   
 
 
  
 
 
   
 
 


 

   
Nine Months Ended
 
   
September 30, 2020
   
September 30, 2019
 
   
Chesapeake
Alternatives, LLC
   
Illinois Disp, LLC
   
Other Non-material

VIEs
   
Chesapeake
Alternatives, LLC
   
Illinois
 
Disp, LLC
   
Other Non-material

VIEs
 
Revenues
  $14,792,710   $13,170,514   $6,778,501   $12,458,427   $4,174,045   $2,373,042 
Net income (loss) attributable to noncontrolling interests
   206,929    2,170,912    319,511    2,244,546    506,972    (2,307,097) 
Net income (loss) attributable to Green Thumb Industries Inc.
   3,812,121    2,170,913    661,341    —      506,972    —   
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
  
$
4,019,050
 
  
$
4,341,825
 
  
$
980,852
 
  
$
2,244,546
 
  
$
1,013,943
 
  
$
(2,307,097
) 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
As of September 30, 2020, and December 31, 2019, VIEs included in the Other
Non-material
VIEs are Bluepoint Wellness of Westport LLC and Meshow, LLC. As of September 30, 2019, VIEs included in the Other
Non-material
VIEs are Meshow, LLC, KW Ventures Holdings, LLC and Ohio Investors 2017, LLC. All of these entities were determined to be VIEs as the Company possesses the power to direct activities through management services agreements.