v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Proportionate Voting Shares
Additional Paid-in Capital
Accumulated Deficit
Total the Cannabist Company Holdings Inc. Shareholders' Equity
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2021   361,423,270 14,729,636        
Beginning balance at Dec. 31, 2021 $ 550,823     $ 1,039,726 $ (468,335) $ 571,391 $ (20,568)
Equity-based compensation (in shares) [1]   22,858,845          
Equity-based compensation [1] 69,517     69,517   69,517  
Warrants exercised (in shares)   180,000          
Warrants exercised 425     425   425  
Issuance of shares in connection with acquisitions (in shares)   2,082,589          
Issuance of shares in connection with acquisitions 7,619     7,619   7,619  
Cancellation of restricted stock awards (in shares)     (26,037)        
Conversion between classes of shares (in shares)   4,693,780 (4,693,780)        
Non-controlling interest buyout         (19,663) (19,663) 19,663
Net loss (421,481)       (416,005) (416,005) (5,476)
Ending balance (in shares) at Dec. 31, 2022   391,238,484 10,009,819        
Ending balance at Dec. 31, 2022 206,903     1,117,287 (904,003) 213,284 (6,381)
Equity-based compensation (in shares) [1]   6,580,674          
Equity-based compensation [1] 4,995     4,995   4,995  
Warrants exercised (in shares)   356,970          
Issuance of shares in connection with acquisitions (in shares)   21,887,240          
Issuance of shares in connection with acquisitions 23,872     23,872   23,872  
Conversion between classes of shares (in shares)   201,938 (201,938)        
Distributions to non-controlling interest holders (960)           (960)
Deconsolidation of subsidiary 4,829       433 433 4,396
Net loss (174,287)       (175,712) (175,712) 1,425
Ending balance (in shares) at Dec. 31, 2023   420,265,306 9,807,881        
Ending balance at Dec. 31, 2023 65,352     1,146,154 (1,079,282) 66,872 (1,520)
Equity-based compensation (in shares) [1]   11,278,223          
Equity-based compensation [1] (2,267)     (2,267)   (2,267)  
Conversion between classes of shares (in shares)   2,420,553 (2,420,553)        
Distributions (333)       (333) (333)  
Conversion of convertible notes (in shares)   26,828,863          
Conversion of convertible notes 10,300     10,300   10,300  
Deconsolidation of subsidiary (605)           (605)
Legal settlement (in shares)   4,845,359          
Legal settlement 2,620     2,620   2,620  
Net loss (105,126)       (105,886) (105,886) 760
Ending balance (in shares) at Dec. 31, 2024   465,638,304 7,387,328        
Ending balance at Dec. 31, 2024 $ (30,059)     $ 1,156,807 $ (1,185,501) $ (28,694) $ (1,365)
[1] The amounts shown are net of any shares withheld by the Company to satisfy certain tax withholdings in connection with vesting of equity-based awards.