SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Disaggregated revenue by segment is presented in the following tables:


	Three Months Ended March 31,
Net sales	2025		2024
Cultivation and Gardening
Proprietary brand sales	$	9,883	$	9,726
Non-proprietary brand sales	21,028		33,382
Total Cultivation and Gardening	30,911		43,108
Storage Solutions
Commercial fixture sales	4,792		4,780
Total Storage Solutions	4,792		4,780
Total	$	35,703	$	47,888


	Three Months Ended March 31,
Net sales	2025		2024
Cultivation and Gardening
Consumables	$	23,055	$	30,181
Durables	7,856		12,927
Total Cultivation and Gardening	30,911		43,108
Storage Solutions
Durables	4,792		4,780
Total Storage Solutions	4,792		4,780
Total	$	35,703	$	47,888

Selected information by segment is presented in the following tables for the three months ended:


	March 31, 2025
	Cultivation & Gardening		Storage Solutions		Corporate		Total
Net sales	$	30,911	$	4,792	$	—	$	35,703
Cost of sales	23,007		2,989		—		25,996
Gross profit	7,904		1,803		—		9,707
Operating expenses
Store operations and other operational expenses:
Employee costs	2,661		747		—		3,408
Facilities	2,756		394		—		3,150
External service providers	95		14		—		109
Other segment items (1)	1,857		268		—		2,125
Total store operations and other operational expenses	7,369		1,423		—		8,792
Other operating expenses
Selling, general, and administrative	—		—		7,112		7,112
Estimated credit losses	—		—		92		92
Depreciation and amortization	—		—		3,585		3,585

Total operating expenses	7,369		1,423		10,789		19,581

Income (loss) from operations	535		380		(10,789)		(9,874)

Other income	—		—		497		497

Net income (loss) before taxes	$	535	$	380	$	(10,292)	$	(9,377)

(1) Other segment items for each reportable segment include travel expenses, transaction fees, and other miscellaneous expenses.


	March 31, 2024
	Cultivation & Gardening		Storage Solutions		Corporate		Total
Net sales	$	43,108	$	4,780	$	—	$	47,888
Cost of sales	32,783		2,741		—		35,524
Gross profit	10,325		2,039		—		12,364
Operating expenses
Store operations and other operational expenses:
Employee costs	3,654		771		—		4,425
Facilities	3,480		358		—		3,838
External service providers	529		11		—		540
Other segment items (1)	1,598		233		—		1,831
Total store operations and other operational expenses	9,261		1,373		—		10,634
Other operating expenses
Selling, general, and administrative	—		—		7,908		7,908
Estimated credit recoveries	—		—		(488)		(488)
Depreciation and amortization	—		—		3,742		3,742

Total operating expenses	9,261		1,373		11,162		21,796

Income (loss) from operations	1,064		666		(11,162)		(9,432)

Other income	—		—		593		593

Net income (loss) before taxes	$	1,064	$	666	$	(10,569)	$	(8,839)

(1) Other segment items for each reportable segment include travel expenses, transaction fees, and other miscellaneous expenses.