v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 33,607 $ 35,764
Accounts receivable, net of allowances of $6,754 and, $6,512, respectively 21,688 15,601
Inventory 94,516 111,633
Prepaid expenses and other current assets 11,794 22,711
Notes receivable 15,614 4,026
Assets held for sale 17,778 1,752
Total current assets 194,997 191,487
Property and equipment, net 228,396 298,498
Right of use assets - operating leases, net 124,739 181,823
Right of use assets - finance leases, net 25,515 36,450
Intangible assets, net 51,249 76,767
Investments 11,880 0
Deferred taxes 32,025 22,970
Notes receivable 11,958 2,082
Other non-current assets 15,414 13,034
Total assets 696,173 823,111
Current liabilities:    
Accounts payable 41,125 29,797
Accrued expenses and other current liabilities 32,839 58,659
Income tax payable 87,333 47,358
Current portion of lease liability - operating leases 7,386 9,711
Current portion of lease liability - finance leases 4,910 7,339
Current portion of long-term debt, net 52,461 5,905
Liabilities held for sale 2,656 1,275
Total current liabilities 228,710 160,044
Long-term debt, net 249,512 297,478
Long-term lease liability - operating leases 126,215 182,001
Long-term lease liability - finance leases 37,937 43,890
Derivative liability 621 119
Other long-term liabilities 83,237 74,227
Total liabilities 726,232 757,759
Commitments and contingencies 0 0
Stockholders' Equity:    
Common Stock, no par value, unlimited shares authorized as of December 31, 2024 and December 31, 2023, respectively, 465,638,304 and 420,265,306 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 0 0
Preferred Stock, no par value, unlimited shares authorized as of December 31, 2024 and December 31, 2023, respectively, none issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Proportionate voting shares, no par value, unlimited shares authorized as of December 31, 2024 and December 31, 2023, respectively; 7,387,328 and 9,807,881 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 0 0
Additional paid-in-capital 1,156,807 1,146,154
Accumulated deficit (1,185,501) (1,079,282)
Equity attributable to The Cannabist Company Holdings Inc. (28,694) 66,872
Non-controlling interest (1,365) (1,520)
Total equity (30,059) 65,352
Total liabilities and equity $ 696,173 $ 823,111