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Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]


	December 31, 2020						December 31, 2019
	Chesapeake Alternatives, LLC		IL Disp, LLC		Other Non-material VIEs		Chesapeake Alternatives, LLC		IL Disp, LLC		Other Non-material VIEs
Current assets	$	32,307,718	$	3,738,868	$	2,362,572	$	19,455,533	$	1,381,716	$	1,352,935
Non-current assets		3,367,360		3,657,392		2,281,839		22,384,663		3,083,659		2,534,297
Current liabilities		23,362,255		336,970		1,563,224		14,219,204		149,498		783,682
Non-current liabilities		768,573		461,926		783,356		1,169,989		137,736		855,440
Noncontrolling interests		—		3,173,683		267,289		350,206		2,089,071		(22,488	)
Equity attributable to Green Thumb Industries Inc.		11,544,250		3,173,683		2,030,542		6,645,263		2,089,070		2,270,598

The following table presents the summarized financial information about the Company’s consolidated VIEs which are included in the and statements of operations for the years ended December 31, 2020, 2019 and 2018:


	For the Year Ended December 31, 2020						For the Year Ended December 31, 2019							For the Year Ended December 31, 2018
	Chesapeake Alternatives, LLC		IL Disp, LLC		Other Non-material VIEs		Chesapeake Alternatives, LLC		IL Disp, LLC		Other Non- material VIEs			Chesapeake Alternatives, LLC		IL Disp, LLC		Other Non-material VIEs
Revenues	$	19,724,513	$	18,693,964	$	10,011,729	$	16,056,521	$	5,857,946	$	3,516,164		$	13,783,876	$	643,898	$	4,555,543
Net income (loss) attributable to noncontrolling interests		411,162		3,034,612		639,179		—		699,624		(112,245	)		1,407,266		60,601		(582,280	)
Net income (loss) attributable to Green Thumb Industries Inc.		4,576,717		3,034,612		574,941		1,807,229		699,625		(79,402	)		—		60,600		(102,037	)

Net income (loss)	$	4,987,879	$	6,069,224	$	1,214,120	$	1,807,229	$	1,399,249	$	(191,647	)	$	1,407,266	$	121,201	$	(684,317	)

Schedule Of consolidated VIEs and Other Non controlling Interest

The net change in the consolidated VIEs and Other Noncontrolling Interest are as follows for the years ended December 31, 2020 and 2019:


	Variable Interest Entities
	Chesapeake Alternatives, LLC			IL Disp, LLC			Other Non-material VIEs			Other Noncontrolling Interests			Total
Balance as at January 1, 2019	$	1,486,062		$	1,957,147		$	89,757		$	(35,507	)	$	3,497,459
Contributions		—			—			—			1,650,000			1,650,000
Distributions		(1,135,856	)		(567,700	)		—			(5,812,505	)		(7,516,061	)
Net income (loss)		—			699,624			(112,245	)		(1,017,842	)		(430,463	)
Changes in ownership		—			—			—			5,311,978			5,311,978


Balance as at December 31, 2019		350,206			2,089,071			(22,488	)		96,124			2,512,913
Contributions		—			—			50,000			—			50,000
Distributions		(439,098	)		(1,950,000	)		(399,402	)		—			(2,788,500	)
Net income (loss)		411,162			3,034,612			639,179			—			4,084,953
Changes in ownership		(322,270	)		—			—			—			(322,270	)

Balance as at December 31, 2020	$	—		$	3,173,683		$	267,289		$	96,124		$	3,537,096

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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