v3.25.2
CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 15,456 $ 33,607
Accounts receivable, net of credit loss allowance of $7,113 and $6,754, respectively 19,207 21,688
Inventory 70,905 94,516
Prepaid expenses and other current assets 13,310 11,794
Notes receivable 571 15,614
Assets held for sale 48,709 17,778
Total current assets 168,158 194,997
Property and equipment, net 212,442 228,396
Right of use assets - operating leases, net 98,208 124,739
Right of use assets - finance leases, net 22,481 25,515
Intangible assets, net 41,487 51,249
Investments 3,860 11,880
Deferred income tax assets 331 32,025
Notes receivable 3,977 11,958
Other non-current assets 12,894 15,414
Total assets 563,838 696,173
Current liabilities:    
Accounts payable 28,835 41,125
Accrued expenses and other current liabilities 18,551 32,839
Income tax payable 87,606 87,333
Current portion of lease liabilities - operating leases 6,748 7,386
Current portion of lease liabilities - finance leases 4,027 4,910
Current portion of long-term debt, net 754 52,461
Liabilities held for sale 32,486 2,656
Total current liabilities 179,007 228,710
Long-term debt, net 297,704 249,512
Long-term lease liabilities - operating leases 99,287 126,215
Long-term lease liabilities - finance leases 35,978 37,937
Derivative liabilities 980 621
Other long-term liabilities 89,728 83,237
Total liabilities 702,684 726,232
Commitments and contingencies 0 0
Stockholders' Equity:    
Common Stock, no par value, unlimited shares authorized as of June 30, 2025 and December 31, 2024, respectively, 491,745,341 and 465,638,304 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Preferred Stock, no par value, unlimited shares authorized as of June 30, 2025 and December 31, 2024, respectively, none issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Proportionate voting shares, no par value, unlimited shares authorized as of June 30, 2025 and December 31, 2024, respectively, 7,387,328 and 7,387,328 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Additional paid-in-capital 1,157,612 1,156,807
Accumulated deficit (1,295,586) (1,185,501)
Equity attributable to The Cannabist Company Holdings Inc. (137,974) (28,694)
Non-controlling interest (872) (1,365)
Total equity (138,846) (30,059)
Total liabilities and equity $ 563,838 $ 696,173