2023 Q2 Form 10-Q Financial Statement

#000165495423006568 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $19.41M $18.05M $19.96M
YoY Change -29.1% -45.67% -49.63%
Cost Of Revenue $9.975M $10.27M $13.31M
YoY Change -52.11% -58.98% -64.32%
Gross Profit $9.435M $7.781M $6.652M
YoY Change 44.05% -4.93% 186.63%
Gross Profit Margin 48.61% 43.1% 33.32%
Selling, General & Admin $16.94M $9.325M $27.30M
YoY Change 31.96% -72.69% -28.26%
% of Gross Profit 179.57% 119.85% 410.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.712M $2.725M $3.041M
YoY Change 183.22% -57.91% -65.41%
% of Gross Profit 28.74% 35.02% 45.71%
Operating Expenses $29.89M $22.10M $30.34M
YoY Change -12.4% -45.58% -35.23%
Operating Profit -$20.86M -$14.32M -$23.69M
YoY Change -30.47% -55.84% -46.79%
Interest Expense $1.209M $1.264M -$809.0K
YoY Change -4.07% -256.67% -55.13%
% of Operating Profit
Other Income/Expense, Net -$822.1K -$900.4K -$1.987M
YoY Change 33.59% -263.53% -121.32%
Pretax Income -$22.35M -$15.80M -$31.58M
YoY Change -26.99% -52.05% -29.69%
Income Tax -$1.962M $714.4K $9.451M
% Of Pretax Income
Net Earnings -$24.31M -$16.51M -$30.83M
YoY Change -20.24% -51.0% -39.06%
Net Earnings / Revenue -125.25% -91.45% -154.44%
Basic Earnings Per Share -$0.15 -$0.10
Diluted Earnings Per Share -$0.20 -$0.16 -$0.28
COMMON SHARES
Basic Shares Outstanding 119.8M shares 118.8M shares 107.4M shares
Diluted Shares Outstanding 94.34M shares 94.35M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.54M $76.11M $93.70M
YoY Change -54.38% -50.0% -46.43%
Cash & Equivalents $60.54M $76.11M $93.70M
Short-Term Investments
Other Short-Term Assets $6.044M $6.044M $6.044M
YoY Change -51.33% -48.53% -49.38%
Inventory $6.183M $6.986M $8.728M
Prepaid Expenses $7.910M $10.03M $8.368M
Receivables $1.115M $928.6K $1.206M
Other Receivables $121.1K $123.2K $109.0K
Total Short-Term Assets $81.57M $99.88M $118.2M
YoY Change -51.54% -49.47% -47.42%
LONG-TERM ASSETS
Property, Plant & Equipment $13.62M $14.86M $15.15M
YoY Change -17.27% -78.92% -34.28%
Goodwill $0.00 $0.00
YoY Change -100.0%
Intangibles $95.74M $97.56M $99.38M
YoY Change -53.25%
Long-Term Investments $1.313M $1.478M $1.478M
YoY Change -50.59% -50.19% -40.87%
Other Assets $1.568M $1.900M $2.025M
YoY Change -24.43% -7.5% 7.92%
Total Long-Term Assets $156.3M $158.9M $162.3M
YoY Change -51.76% -52.75% -53.17%
TOTAL ASSETS
Total Short-Term Assets $81.57M $99.88M $118.2M
Total Long-Term Assets $156.3M $158.9M $162.3M
Total Assets $237.9M $258.8M $280.5M
YoY Change -51.68% -51.53% -50.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.874M $5.621M $6.353M
YoY Change 10.33% -9.23% -24.28%
Accrued Expenses $21.23M $18.74M $20.56M
YoY Change 94.13% 51.57% 53.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $931.1K
YoY Change
Long-Term Debt Due $224.6K $156.2K $156.2K
YoY Change 371.15% 239.89% 1039.17%
Total Short-Term Liabilities $37.96M $33.54M $36.70M
YoY Change -15.75% -34.48% -37.46%
LONG-TERM LIABILITIES
Long-Term Debt $36.47M $36.57M $36.62M
YoY Change -0.7% -0.43% -0.42%
Other Long-Term Liabilities $21.26M $22.35M $25.19M
YoY Change -22.65% -25.77% -14.95%
Total Long-Term Liabilities $57.74M $58.92M $61.81M
YoY Change -10.1% -11.84% -6.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.96M $33.54M $36.70M
Total Long-Term Liabilities $57.74M $58.92M $61.81M
Total Liabilities $115.6M $112.6M $119.5M
YoY Change -23.54% -44.35% -29.27%
SHAREHOLDERS EQUITY
Retained Earnings -$876.5M -$852.2M $835.7M
YoY Change 33.44% -240.91%
Common Stock $998.8M $998.3M $996.7M
YoY Change 3.88% 4.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $122.3M $146.2M $161.0M
YoY Change
Total Liabilities & Shareholders Equity $237.9M $258.8M $280.5M
YoY Change -51.68% -51.53% -50.91%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$24.31M -$16.51M -$30.83M
YoY Change -20.24% -51.0% -39.06%
Depreciation, Depletion And Amortization $2.712M $2.725M $3.041M
YoY Change 183.22% -57.91% -65.41%
Cash From Operating Activities -$11.81M -$13.64M -$10.95M
YoY Change -36.61% -47.22% -58.11%
INVESTING ACTIVITIES
Capital Expenditures -$174.9K $244.8K $589.6K
YoY Change -85.3% -121.76% -157.0%
Acquisitions
YoY Change
Other Investing Activities -$2.400M -$2.171M -$5.902M
YoY Change -689.06% -138.64% -60.01%
Cash From Investing Activities -$2.225M -$2.416M -$6.492M
YoY Change 184.66% -153.76% -58.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.531M -$1.531M 1.390M
YoY Change 1308.09% 16.54% -143.35%
NET CHANGE
Cash From Operating Activities -11.81M -$13.64M -10.95M
Cash From Investing Activities -2.225M -$2.416M -6.492M
Cash From Financing Activities -1.531M -$1.531M 1.390M
Net Change In Cash -15.57M -$17.59M -16.05M
YoY Change -20.26% -22.39% -64.44%
FREE CASH FLOW
Cash From Operating Activities -$11.81M -$13.64M -$10.95M
Capital Expenditures -$174.9K $244.8K $589.6K
Free Cash Flow -$11.64M -$13.88M -$11.54M
YoY Change -33.29% -43.82% -54.03%

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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-16510009 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
146176205 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-16510009 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-32990313 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
1263928 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
1250568 usd
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
-36826 usd
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
-26932 usd
CY2023Q1 tpco Loss On Disposal Of Assets Of Currents
LossOnDisposalOfAssetsOfCurrents
93944 usd
CY2022Q1 tpco Loss On Disposal Of Assets Of Currents
LossOnDisposalOfAssetsOfCurrents
254473 usd
CY2023Q1 tpco Accounts Receivable And Notes Receivable Allowances
AccountsReceivableAndNotesReceivableAllowances
0 usd
CY2022Q1 tpco Accounts Receivable And Notes Receivable Allowances
AccountsReceivableAndNotesReceivableAllowances
2249706 usd
CY2022Q1 tpco Share Based Compensation Expense Net Of Withholding Tax Settlement
ShareBasedCompensationExpenseNetOfWithholdingTaxSettlement
2037275 usd
CY2023Q1 tpco Changes In Fair Value Of Investments
ChangesInFairValueOfInvestments
0 usd
CY2022Q1 tpco Changes In Fair Value Of Investments
ChangesInFairValueOfInvestments
-297864 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2724831 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5990354 usd
CY2023Q1 tpco Share Based Compensation Expense Net Of Withholding Tax Settlement
ShareBasedCompensationExpenseNetOfWithholdingTaxSettlement
1648421 usd
CY2023Q1 us-gaap Marketing Expense
MarketingExpense
0 usd
CY2022Q1 us-gaap Marketing Expense
MarketingExpense
1363636 usd
CY2023Q1 tpco Non Cash Portion Of Operating Lease Expense
NonCashPortionOfOperatingLeaseExpense
1313481 usd
CY2022Q1 tpco Non Cash Portion Of Operating Lease Expense
NonCashPortionOfOperatingLeaseExpense
1756790 usd
CY2023Q1 tpco Fair Value Change Of Contingent Consideration
FairValueChangeOfContingentConsideration
745201 usd
CY2022Q1 tpco Fair Value Change Of Contingent Consideration
FairValueChangeOfContingentConsideration
-388622 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-806826 usd
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-775615 usd
CY2023Q1 tpco Repayment Of Operating Lease Liabilities
RepaymentOfOperatingLeaseLiabilities
-2293381 usd
CY2022Q1 tpco Repayment Of Operating Lease Liabilities
RepaymentOfOperatingLeaseLiabilities
-1614967 usd
CY2023Q1 tpco Net Changes In Non Cash Working Capital Items Continuing Operations
NetChangesInNonCashWorkingCapitalItemsContinuingOperations
-1782566 usd
CY2022Q1 tpco Net Changes In Non Cash Working Capital Items Continuing Operations
NetChangesInNonCashWorkingCapitalItemsContinuingOperations
-3070057 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-13639802 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-24261568 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-1579055 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13639802 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25840623 usd
CY2023Q1 tpco Receipt Of Payments On Notes Receivables
ReceiptOfPaymentsOnNotesReceivables
0 usd
CY2022Q1 tpco Receipt Of Payments On Notes Receivables
ReceiptOfPaymentsOnNotesReceivables
186106 usd
CY2023Q1 tpco Payments Of Consideration Payable
PaymentsOfConsiderationPayable
-383333 usd
CY2022Q1 tpco Payments Of Consideration Payable
PaymentsOfConsiderationPayable
-383333 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1147681 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1116504 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1531014 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1313731 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
244791 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1124990 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
328940 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5769040 usd
CY2023Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
2500001 usd
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
CY2023Q1 tpco Payment To Acquire Available For Sale Held To Maturity And Other Investments
PaymentToAcquireAvailableForSaleHeldToMaturityAndOtherInvestments
0 usd
CY2022Q1 tpco Payment To Acquire Available For Sale Held To Maturity And Other Investments
PaymentToAcquireAvailableForSaleHeldToMaturityAndOtherInvestments
-150000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2415852 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4494050 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17586668 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22660304 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93697529 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
174892298 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76110861 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152231994 usd
CY2023Q1 tpco Cash And Cash Equivalents
CashAndCashEquivalents
76110861 usd
CY2022Q1 tpco Cash And Cash Equivalents
CashAndCashEquivalents
143494665 usd
CY2023Q1 tpco Cash Restricted Cash And Restricted Cash Equivalents
CashRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2022Q1 tpco Cash Restricted Cash And Restricted Cash Equivalents
CashRestrictedCashAndRestrictedCashEquivalents
8737329 usd
CY2023Q1 tpco Cash Restricted Cash And Restricted Cash Equival
CashRestrictedCashAndRestrictedCashEquival
76110861 usd
CY2022Q1 tpco Cash Restricted Cash And Restricted Cash Equival
CashRestrictedCashAndRestrictedCashEquival
152231994 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>1. </strong><strong>Nature of operations</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">TPCO Holding Corp. (“TPCO” or the “Company”) was a special purpose acquisition corporation incorporated on June 17, 2019 under the laws of the Province of British Columbia for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combinations involving the Company (a “Qualifying Transaction”). As more fully described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, the Company completed the Qualifying Transaction on January 15, 2021 and at which time the Company changed its name to TPCO Holding Corp.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s registered office is located at 595 Burrard Street, Suite 2600, P.O. Box 49314, Vancouver, BC, V7X 1L3, Canada, and the Company’s head office is located at 1550 Leigh Avenue, San Jose, California, 95125, United States of America. Commencing on the date of the Qualifying Transaction, the Company became integrated as a cultivator, retailer, manufacturer and distributor of adult use cannabis products through the sale to omni-channel retail and wholesale customers under the “Medical Marijuana Programs Act” and the proposition 64 “The Adult Use of Marijuana Act”.</p>
CY2023Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-06-17
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of these interim condensed consolidated financial statements and accompanying notes in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates.</p>
CY2023Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2195159 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2109465 usd
CY2023Q1 tpco Inventory Biological Assets
InventoryBiologicalAssets
15022 usd
CY2022Q4 tpco Inventory Biological Assets
InventoryBiologicalAssets
22844 usd
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
145759 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
48936 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
183322 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
227936 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4447011 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6318677 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
6986273 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
8727858 usd
CY2023Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
10304630 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
7767803 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7140000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7140000 usd
CY2023Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
3164630 usd
CY2022Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
627803 usd
CY2023Q1 us-gaap Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
123180 usd
CY2022Q4 us-gaap Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
108957 usd
CY2023Q1 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
3041450 usd
CY2022Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
518846 usd
CY2023Q1 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
5000000 usd
CY2023Q1 us-gaap Other Receivables
OtherReceivables
2500001 usd
CY2023Q1 tpco Notes Receivable Rate Of Interest
NotesReceivableRateOfInterest
0.10 pure
CY2023Q1 tpco Notes Receivable Term Period
NotesReceivableTermPeriod
P90D
CY2023Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
2522604 usd
CY2023Q1 tpco Prepaid Expenses
PrepaidExpenses
51456 usd
CY2022Q4 tpco Prepaid Expenses
PrepaidExpenses
51456 usd
CY2023Q1 us-gaap Prepaid Insurance
PrepaidInsurance
2473207 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
771752 usd
CY2023Q1 tpco Prepaid Inventory
PrepaidInventory
242880 usd
CY2022Q4 tpco Prepaid Inventory
PrepaidInventory
89386 usd
CY2023Q1 us-gaap Prepaid Rent
PrepaidRent
0 usd
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
54160 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1221409 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1357586 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
6044156 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
6044155 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10033108 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
8368495 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0452 pure
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0088 pure
CY2023Q1 tpco Schedule Of Summarized Results Of The Discontinued Operations
ScheduleOfSummarizedResultsOfTheDiscontinuedOperations
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;"><strong>March 31, 2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Sales, net of discounts</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,790,891</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Cost of sales</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">9,323,403</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Gross profit </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,467,488</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Operating expenses </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(1,705,535</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Loss from operations</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(238,047</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Income tax expense</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(308,172</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Loss from discontinued operations, net of income tax</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(546,219</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr></tbody></table>
CY2021Q4 tpco Investments In Fair Value Through Profit Or Loss
InvestmentsInFairValueThroughProfitOrLoss
2500069 usd
CY2022Q1 tpco Investments In Fair Value Through Profit Or Loss Acquired In The Period
InvestmentsInFairValueThroughProfitOrLossAcquiredInThePeriod
150000 usd
CY2022Q1 us-gaap Investment Income Net
InvestmentIncomeNet
20000 usd
CY2022Q1 tpco Change In Fair Value Of Investments At Fair Value Through Profit Or Loss
ChangeInFairValueOfInvestmentsAtFairValueThroughProfitOrLoss
297864 usd
CY2022Q1 tpco Investments In Fair Value Through Profit Or Loss
InvestmentsInFairValueThroughProfitOrLoss
2967933 usd
CY2022Q1 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
0 usd
CY2022Q1 tpco Balance Non Marketable Securities
BalanceNonMarketableSecurities
591545 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
736659 usd
CY2022Q1 tpco Balance Other
BalanceOther
150000 usd
CY2022Q1 tpco Balance Total
BalanceTotal
1478204 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
67718372 usd
CY2023Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
14857254 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
15146084 usd
CY2023Q1 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
511782 usd
CY2022Q1 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
960700 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1259314 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1756790 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
54167 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2023Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1313481 usd
CY2022Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1756790 usd
CY2023Q1 tpco Finance Lease Right Of Use Asset Amortization And Depreciation
FinanceLeaseRightOfUseAssetAmortizationAndDepreciation
391517 usd
CY2022Q1 tpco Finance Lease Right Of Use Asset Amortization And Depreciation
FinanceLeaseRightOfUseAssetAmortizationAndDepreciation
393534 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1103545 usd
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1104601 usd
CY2023Q1 tpco Finance Lease Cost
FinanceLeaseCost
1495062 usd
CY2022Q1 tpco Finance Lease Cost
FinanceLeaseCost
1498135 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
2808543 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
3254925 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
66459411 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3560866 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3477474 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4302015 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4763910 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4417482 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4906828 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4544592 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
5054033 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4009473 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
5205654 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
18295464 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
59679244 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
39129892 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
83087143 usd
CY2023Q1 tpco Operating Lease On Interest Liabilities
OperatingLeaseOnInterestLiabilities
15247861 usd
CY2023Q1 tpco Finance Lease Interest Liabilities
FinanceLeaseInterestLiabilities
46356566 usd
CY2023Q1 tpco Present Value Of Minimum Lease Payments Operating Lease
PresentValueOfMinimumLeasePaymentsOperatingLease
23882031 usd
CY2023Q1 tpco Present Value Of Minimum Lease Payments Finance Lease
PresentValueOfMinimumLeasePaymentsFinanceLease
36730577 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1904773 usd
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
156184 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
21977258 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
36574393 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20689086 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
23070846 usd
CY2022Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
352365 usd
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
0 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
97556566 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
99378098 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1821531 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5029654 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5436351 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7191983 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7191983 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7191983 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7174094 usd
CY2023Q1 tpco Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
-63370172 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
97556566 usd
CY2023Q1 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
2538810 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
4249794 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2378811 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4872988 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1005907 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
2666974 usd
CY2023Q1 tpco Accrued Severance Expenses Current
AccruedSeveranceExpensesCurrent
375962 usd
CY2022Q4 tpco Accrued Severance Expenses Current
AccruedSeveranceExpensesCurrent
692220 usd
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
13076617 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
9974817 usd
CY2023Q1 tpco Goods Received But Not Yet Invoiced
GoodsReceivedButNotYetInvoiced
3081807 usd
CY2022Q4 tpco Goods Received But Not Yet Invoiced
GoodsReceivedButNotYetInvoiced
2103566 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
22457914 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
24560359 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-15795601 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-32703613 usd
CY2023Q1 tpco Income Tax Expense Recovery
IncomeTaxExpenseRecovery
-714408 usd
CY2022Q1 tpco Income Tax Expense Recovery
IncomeTaxExpenseRecovery
-286700 usd
CY2023Q1 tpco Amortization Of Intangible Assets Net
AmortizationOfIntangibleAssetsNet
1821531 usd
CY2022Q1 tpco Amortization Of Intangible Assets Net
AmortizationOfIntangibleAssetsNet
5029654 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
22101544 usd
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
38909908 usd
CY2023Q1 tpco Schedule Of Common Share Issued Table Textblock
ScheduleOfCommonShareIssuedTableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;"><strong>Number of common shares</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Balance December 31, 2022</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><strong>107,516,333</strong></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Shares issued for Coast L exchange (i)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><strong>18,268,094</strong></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Shares issued for vested RSUs and PSUs</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><strong>165,217</strong></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Shares returned to Treasury (ii)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>(7,122,321</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>)</strong></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Balance, March 31, 2023</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>118,827,323</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q1 tpco Shares Returned To Treasury
SharesReturnedToTreasury
7122321 shares
CY2023Q1 tpco Modification Relates Shares
ModificationRelatesShares
7121239 shares
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7953943 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13086142 usd
CY2023Q1 tpco Allowance For Accounts Receivable And Notes Receivable
AllowanceForAccountsReceivableAndNotesReceivable
41870 usd
CY2022Q1 tpco Allowance For Accounts Receivable And Notes Receivable
AllowanceForAccountsReceivableAndNotesReceivable
2412631 usd
CY2023Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1371301 usd
CY2022Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3406358 usd
CY2023Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7030898 usd
CY2022Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
10015556 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1665220 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2242077 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1313481 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1756790 usd
CY2023Q1 tpco Depreciation And Amortization Of Right Of Use Assets Finance And Operating Lease
DepreciationAndAmortizationOfRightOfUseAssetsFinanceAndOperatingLease
903300 usd
CY2022Q1 tpco Depreciation And Amortization Of Right Of Use Assets Finance And Operating Lease
DepreciationAndAmortizationOfRightOfUseAssetsFinanceAndOperatingLease
960700 usd
CY2023Q1 tpco Net Income Losses
NetIncomeLosses
-16510009 usd
CY2022Q1 tpco Net Income Losses
NetIncomeLosses
-33145658 usd
CY2023Q1 tpco Loss From Discontinued Operations Available To Common Shareholders
LossFromDiscontinuedOperationsAvailableToCommonShareholders
0 usd
CY2022Q1 tpco Loss From Discontinued Operations Available To Common Shareholders
LossFromDiscontinuedOperationsAvailableToCommonShareholders
-546219 usd
CY2023Q1 tpco Loss Available To Common Shareholders
LossAvailableToCommonShareholders
-16510009 usd
CY2022Q1 tpco Loss Available To Common Shareholders
LossAvailableToCommonShareholders
-33691877 usd
CY2023Q1 tpco Weighted Average Number Of Shares Basic And Diluted
WeightedAverageNumberOfSharesBasicAndDiluted
104208756 shares
CY2022Q1 tpco Weighted Average Number Of Shares Basic And Diluted
WeightedAverageNumberOfSharesBasicAndDiluted
98820648 shares
CY2023Q1 tpco Basic And Diluted Loss Per Share From Continuing Operations
BasicAndDilutedLossPerShareFromContinuingOperations
-0.16
CY2022Q1 tpco Basic And Diluted Loss Per Share From Continuing Operations
BasicAndDilutedLossPerShareFromContinuingOperations
-0.33
CY2023Q1 tpco Basic And Diluted Loss Per Share From Discontinued Operations
BasicAndDilutedLossPerShareFromDiscontinuedOperations
0
CY2022Q1 tpco Basic And Diluted Loss Per Share From Discontinued Operations
BasicAndDilutedLossPerShareFromDiscontinuedOperations
-0.01
CY2023Q1 tpco Basic And Diluted Loss Per Share
BasicAndDilutedLossPerShare
-0.16
CY2022Q1 tpco Basic And Diluted Loss Per Share
BasicAndDilutedLossPerShare
-0.34
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
64633280 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
360653 shares
CY2023Q1 tpco Shares Based Compensation
SharesBasedCompensation
1665220 usd
CY2022Q1 tpco Shares Based Compensation
SharesBasedCompensation
2242077 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
277078 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
151057 usd
CY2023Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 usd
CY2022Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1698115 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1741585 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1471063 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1695397 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
991791 usd
CY2023Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-20574 usd
CY2022Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-133875 usd
CY2023Q1 tpco Increase Decrease In Other Long Term Assets
IncreaseDecreaseInOtherLongTermAssets
145833 usd
CY2022Q1 tpco Increase Decrease In Other Long Term Assets
IncreaseDecreaseInOtherLongTermAssets
-43485 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2231091 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4262597 usd
CY2023Q1 tpco Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
-1782566 usd
CY2022Q1 tpco Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
-3070057 usd
CY2022Q1 tpco Business Combination Contingent Consideration Number Of Shares Measurement Input
BusinessCombinationContingentConsiderationNumberOfSharesMeasurementInput
21932223 shares
CY2023Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1387983 usd
CY2022Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1345997 usd
CY2023Q1 tpco Minimum Commitment Requirement
MinimumCommitmentRequirement
10000000 usd
CY2023Q1 tpco Percentage Of Annual Contribution To Be Made From Net Income
PercentageOfAnnualContributionToBeMadeFromNetIncome
0.02 pure
CY2023Q1 tpco Investment Made During The Period
InvestmentMadeDuringThePeriod
350000 usd
CY2021Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
943131 usd
CY2022 tpco Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
-388622 usd
CY2022 us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable
-299014 usd
CY2022 tpco Contingent Consideration Classified As Equity Fair Value Disclosure Ending Balance
ContingentConsiderationClassifiedAsEquityFairValueDisclosureEndingBalance
255495 usd
CY2022Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
1611843 usd
CY2023Q1 tpco Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
745201 usd
CY2023Q1 tpco Contingent Consideration Classified As Equity Fair Value Disclosure Ending Balance
ContingentConsiderationClassifiedAsEquityFairValueDisclosureEndingBalance
2357044 usd
CY2023Q1 tpco Share Price For Triggering Price Three
SharePriceForTriggeringPriceThree
21.00
CY2023Q1 tpco Business Combination Contingent Consideration Number Of Shares Measurement Input
BusinessCombinationContingentConsiderationNumberOfSharesMeasurementInput
22082511 shares
CY2022 tpco Business Combination Contingent Consideration Number Of Shares Measurement Input
BusinessCombinationContingentConsiderationNumberOfSharesMeasurementInput
22080037 shares
CY2023Q1 tpco Concentration Risk Credit Risk From Financial Instruments Gross
ConcentrationRiskCreditRiskFromFinancialInstrumentsGross
89846201 usd
CY2023Q1 tpco Concentration Risk Credit Risk From Receivables Allowance Of Credit Losses
ConcentrationRiskCreditRiskFromReceivablesAllowanceOfCreditLosses
-8440436 usd
CY2023Q1 tpco Concentration Risk Credit Risk From Financial Instruments Net
ConcentrationRiskCreditRiskFromFinancialInstrumentsNet
81405765 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2229058 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1300436 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
928622 usd
CY2023Q1 tpco Schedule Of Non Recurring Fair Value Measurementstabletextblock
ScheduleOfNonRecurringFairValueMeasurementstabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;"><strong>Carrying amount</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;"><strong>Level 3</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;"><strong>Fair value change </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Debt securities and total investments </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>736,659</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>736,659</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>-</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Total contingent consideration – trading price consideration (Note 23)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>2,357,044</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>2,357,044</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>745,201</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>

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