0001656472-22-000034 | 10-K | XBRL Viewer

Print Document View Excel Document

Consolidated Balance Sheet - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 886,973	$ 1,078,023
Short-term investments	117,684	211,766
Accounts receivable, net	22,067	8,928
Other receivables	5,765	10,033
Current portion of loans receivable, net	5,460	7,083
Prepaids and other current assets	8,967	11,161
Inventory, net	32,802	44,002
Held-for-sale assets	0	1,176
Total current assets	1,079,718	1,372,172
Investments in equity accounted investees, net	16,764	19,235
Other investments	118,392	0
Non-current portion of loans receivable, net	80,635	87,191
Property, plant and equipment, net	74,070	187,599
Right-of-use assets	8,882	9,776
Goodwill	1,098	179,522
Intangible assets, net	18,079	69,720
Other assets	100	467
Total assets	1,397,738	1,925,682
Current liabilities
Accounts payable	11,218	19,346
Accrued liabilities	26,069	22,756
Current portion of lease obligation	2,711	1,322
Derivative liabilities	14,375	163,410
Total current liabilities	54,373	206,834
Due to non-controlling interests	1,913	2,188
Non-current portion of lease obligation	7,095	8,492
Deferred income tax liability	81	0
Total liabilities	63,462	217,514
Shareholders’ equity
Share capital (authorized for issue as of December 31, 2021 and 2020: unlimited; shares outstanding as of December 31, 2021 and 2020: 374,952,693 and 360,253,332, respectively)	595,497	569,260
Additional paid-in capital	32,465	34,596
Retained earnings	659,416	1,064,509
Accumulated other comprehensive income	49,865	42,999
Total equity attributable to shareholders of Cronos Group	1,337,243	1,711,364
Non-controlling interests	(2,967)	(3,196)
Total shareholders’ equity	1,334,276	1,708,168
Total liabilities and shareholders’ equity	$ 1,397,738	$ 1,925,682

Consolidated Balance Sheet (Parenthetical) - shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common Stock, Shares, Outstanding	374,952,693	360,253,332

Consolidated Statements of Net Income (Loss) and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net revenue, before excise taxes	$ 89,486,000	$ 54,353,000	$ 25,639,000
Excise taxes	(15,051,000)	(7,634,000)	(1,889,000)
Net revenue	74,435,000	46,719,000	23,750,000
Cost of sales	80,008,000	46,497,000	12,174,000
Inventory write-down	11,961,000	26,055,000	29,173,000
Gross profit	(17,534,000)	(25,833,000)	(17,597,000)
Operating expenses
Sales and marketing	44,937,000	34,386,000	23,048,000
Research and development	23,331,000	20,366,000	12,155,000
General and administrative	96,482,000	80,569,000	81,479,000
Share-based payments	10,151,000	15,361,000	11,619,000
Depreciation and amortization	4,484,000	2,872,000	2,090,000
Impairment loss on goodwill and indefinite-lived intangible assets	236,056,000	40,000,000	0
Impairment loss on long-lived assets	127,619,000	0	0
Repurposing charges	0	0	5,328,000
Total operating expenses	543,060,000	193,554,000	135,719,000
Operating loss	(560,594,000)	(219,387,000)	(153,316,000)
Other income (expense)
Interest income, net	9,071,000	18,415,000	27,969,000
Gain on revaluation of derivative liabilities	151,360,000	129,254,000	1,276,819,000
Gain on disposal of investments	0	4,789,000	16,277,000
Share of loss from equity accounted investments	(6,313,000)	(4,510,000)	(2,009,000)
(Gain) loss on revaluation of financial instruments	8,611,000	(9,000)	197,000
Other, net	730,000	(1,825,000)	0
Total other income	163,459,000	146,114,000	1,319,253,000
Income (loss) before income taxes	(397,135,000)	(73,273,000)	1,165,937,000
Income tax expense (benefit)	(431,000)	1,347,000	0
Income (loss) from continuing operations	(396,704,000)	(74,620,000)	1,165,937,000
Loss from discontinued operations	(500,000)	(650,000)	(363,000)
Net income (loss)	(397,204,000)	(75,270,000)	1,165,574,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income (loss)	(397,204,000)	(75,270,000)	1,165,574,000
Net loss attributable to non-controlling interest	(1,097,000)	(2,133,000)	(932,000)
Net income (loss) attributable to Cronos Group	(396,107,000)	(73,137,000)	1,166,506,000
Statement of Comprehensive Income [Abstract]
Net income (loss)	(397,204,000)	(75,270,000)	1,165,574,000
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign exchange gain on translation	8,192,000	14,951,000	37,687,000
Comprehensive income (loss)	(389,012,000)	(60,319,000)	1,203,261,000
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Comprehensive income (loss)	(389,012,000)	(60,319,000)	1,203,261,000
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	229,000	(2,343,000)	(953,000)
Comprehensive income (loss) attributable to Cronos Group	$ (389,241,000)	$ (57,976,000)	$ 1,204,214,000
Net income (loss) from continuing operations per share
Basic (in dollars per share)	$ (1.07)	$ (0.21)	$ 3.76
Diluted (in dollars per share)	$ (1.07)	$ (0.21)	$ 3.33

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Share capital	Additional paid-in capital	Retained earnings (accumulated deficit)	Accumulated other comprehensive income (loss)	Non-controlling interests
Beginning balance (in shares) at Dec. 31, 2018		178,720,022
Beginning balance at Dec. 31, 2018	$ 148,549	$ 175,001	$ 11,263	$ (27,945)	$ (9,870)	$ 100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)		155,773,757
Shares issued	304,821	$ 304,411	410
Share issuance costs	(3,722)	$ (3,722)
Warrants exercised (in shares)		7,390,961
Warrants exercised	1,438	$ 2,034	(596)
Vesting of options	11,619		11,619
Options exercised (in shares)		190,349
Options exercised	(898)	$ 368	(351)	(915)
Restricted share units settled	$ 889		889
Contribution by non-controlling interest (in shares)	6,742,383
Contribution by non-controlling interests	$ 83,073	$ 83,073
Net income (loss)	1,165,574			1,166,506		(932)
Other comprehensive income (loss)	37,687				37,708	(21)
Ending balance (in shares) at Dec. 31, 2019		348,817,472
Ending balance at Dec. 31, 2019	1,749,030	$ 561,165	23,234	1,137,646	27,838	(853)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Warrants exercised (in shares)		9,755,642
Warrants exercised	107	$ 1,244	(1,137)
Vesting of options	$ 7,185		7,185
Options exercised (in shares)	2,131,939	1,266,130
Options exercised	$ 9	$ 1,586	(1,577)	0
Restricted share units settled (in shares)		414,088
Restricted share units settled	0
Withholding taxes on share-based awards	(2,148)		(2,148)
Vesting of restricted share units	8,176		8,176
Vesting of common shares issued in connection with the use of certain publicity rights in brand development	2,863	$ 2,000	863
Top-up Rights exercised out-of-period adjustment	3,265	$ 3,265
Net income (loss)	(75,270)			(73,137)		(2,133)
Other comprehensive income (loss)	$ 14,951				15,161	(210)
Ending balance (in shares) at Dec. 31, 2020	360,253,332	360,253,332
Ending balance at Dec. 31, 2020	$ 1,708,168	$ 569,260	34,596	1,064,509	42,999	(3,196)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Warrants exercised (in shares)		7,842,859
Warrants exercised	2	$ 1,165	(1,163)
Vesting of options	$ 7,604		7,604
Options exercised (in shares)	5,598,695	3,814,964
Options exercised	$ 14	$ 3,447	(3,433)
Restricted share units settled (in shares)		106,558
Restricted share units settled	0	$ 676	(676)
Share issuance pursuant to research and development milestone (in shares)		2,934,980
Share issuance pursuant to research and development milestones	17,374	$ 17,374
Withholding taxes on share-based awards	(13,458)		(1,301)	(12,157)
Vesting of restricted share units	2,547		2,547
Vesting of common shares issued in connection with the use of certain publicity rights in brand development	1,374	2,000	(626)
Recovery of forfeited awards	(337)		(281)	(56)
Accelerated restricted share units vesting out-of-period adjustment	0	4,802	(4,802)
Top-up Rights exercised out-of-period adjustment	0	$ (3,227)		3,227
Net income (loss)	(397,204)			(396,107)		(1,097)
Other comprehensive income (loss)	$ 8,192				6,866	1,326
Ending balance (in shares) at Dec. 31, 2021	374,952,693	374,952,693
Ending balance at Dec. 31, 2021	$ 1,334,276	$ 595,497	$ 32,465	$ 659,416	$ 49,865	$ (2,967)

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating activities
Net income (loss)	$ (397,204,000)	$ (75,270,000)	$ 1,165,574,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gain on revaluation of derivative liabilities	(151,360,000)	(129,254,000)	(1,276,819,000)
Impairment loss on goodwill and indefinite-lived intangible assets	236,056,000	40,000,000	0
Impairment loss on long-lived assets	127,619,000	0	0
Expected credit losses on long-term financial assets	12,202,000	2,437,000	0
Share-based payments	10,151,000	15,361,000	11,619,000
Depreciation and amortization	15,402,000	11,176,000	4,271,000
Share of loss from investments in equity accounted investees	6,313,000	4,510,000	2,009,000
Gain on disposal of investments	0	(4,789,000)	(16,277,000)
(Gain) loss on revaluation of financial instruments	(8,611,000)	9,000	(197,000)
Non-cash sales and marketing	1,383,000	2,863,000	410,000
Non-cash repurposing costs	0	0	4,439,000
Other non-cash operating activity expense (income)	(3,562,000)	1,215,000	(46,000)
Changes in operating assets and liabilities:
Accounts receivable, net	(13,163,000)	(4,724,000)	(566,000)
Other receivables	3,838,000	(5,300,000)	(10,509,000)
Prepaids and other current assets	3,102,000	0	(4,585,000)
Inventory, net	11,565,000	(4,866,000)	(23,073,000)
Accounts payable	(2,373,000)	(3,292,000)	(46,000)
Accrued liabilities	(4,974,000)	5,053,000	12,603,000
Net cash used in operating activities	(153,616,000)	(144,871,000)	(131,193,000)
Investing activities
Proceeds from short-term investments	215,303,000	296,730,000	0
Purchase of short-term investments	(119,610,000)	(201,326,000)	(299,923,000)
Purchase of investments	(110,392,000)	0	(1,658,000)
Proceeds from sale of investments	0	4,789,000	19,614,000
Proceeds from held-for-sale assets	2,770,000	0	0
Advances to joint ventures, net of repayments	(4,707,000)	(44,652,000)	(58,472,000)
Purchase of property, plant and equipment, net of disposals	(11,144,000)	(31,412,000)	(38,664,000)
Purchase of intangible assets, net of disposals	(1,118,000)	(3,979,000)	(289,000)
Acquisition of Redwood	0	0	(224,295,000)
Other non-cash investing activity expense	0	0	415,000
Net cash provided by (used in) investing activities	(28,898,000)	20,150,000	(603,272,000)
Financing activities
Advance to non-controlling interests	0	(1,019,000)	0
Withholding taxes paid on equity awards	(13,458,000)	(2,148,000)	(915,000)
Proceeds from exercise of Top-up Rights	0	0	67,051,000
Proceeds from exercise of warrants and options	16,000	116,000	1,455,000
Share issuance costs	0	0	(3,722,000)
Repayment of construction loan payable	0	0	(15,971,000)
Advance under Credit Facility	0	0	48,715,000
Repayment of Credit Facility	0	0	(48,309,000)
Net cash provided by (used in) financing activities	(13,442,000)	(3,051,000)	1,857,860,000
Effect of foreign currency translation on cash and cash equivalents	4,906,000	6,102,000	52,371,000
Net change in cash and cash equivalents	(191,050,000)	(121,670,000)	1,175,766,000
Cash and cash equivalents, beginning of period	1,078,023,000	1,199,693,000	23,927,000
Cash and cash equivalents, end of period	886,973,000	1,078,023,000	1,199,693,000
Supplementary cash flow information:
Interest paid	0	0	759,000
Interest received	8,988,000	18,105,000	25,520,000
Taxes paid	892,000	0	0
Altria Investment
Financing activities
Proceeds from Altria Investment	$ 0	$ 0	$ 1,809,556,000

Background, Basis of Presentation, and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Background, Basis of Presentation, and Summary of Significant Accounting Policies

(a)Background

Cronos Group Inc. (“Cronos Group” or the “Company”) is incorporated in the province of British Columbia and under the Business Corporations Act (British Columbia) with principal executive offices at 111 Peter St., Suite 300, Toronto, Ontario, M5V 2H1. The Company’s common shares are currently listed on the Toronto Stock Exchange (“TSX”) and Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CRON.”

Cronos Group is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development and is seeking to build an iconic brand portfolio. Cronos Group’s diverse international brand portfolio includes Spinach®, PEACE NATURALS®, Lord Jones®, Happy Dance®, and PEACE+™. COVE® was a premium positioned adult-use brand focused on creating crafted experience. The Company no longer produces or distributes products under the COVE® brand.

Cronos Group has established three strategic joint ventures in Canada, Israel, and Colombia. Cronos Israel (as defined herein) is consolidated for financial reporting purposes. The Company also holds approximately 10% of the issued capital of Cronos Australia Limited (“Cronos Australia”) and accounts for its investment under the fair value method of accounting. For additional discussion regarding the joint ventures and strategic investments, see Note 3 “Investments.”

(b)Basis of presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of net revenues and expenses during the reporting periods. Certain prior year amounts have been reclassified to conform to the current year presentation of our consolidated financial statements. These reclassifications had no effect on reported results of operations and ending shareholders’ equity.

(c)Basis of consolidation

The accompanying consolidated financial statements include the accounts of the Company, and all entities in which the Company has a controlling voting interest or is the primary beneficiary of a variable interest as of and for the reporting periods. The Company assesses control under the variable interest entity (“VIE”) model to determine whether the Company is the primary beneficiary of that entity’s operations. If an entity is not deemed to be a VIE, the Company consolidates the entity if the Company has a controlling voting interest. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are deconsolidated from the date that control ceases. Investments in which the Company has the ability to exercise significant influence over the operating and financial policies of the investee, but does not have control, are accounted for under the equity method of accounting. The Company consolidates the financial results of the following entities, which the Company controls:

Subsidiaries

Jurisdiction of incorporation

Incorporation date

Ownership interest (ii)

Cronos Israel G.S. Cultivation Ltd.(i)

Israel

February 4, 2018

70%

Cronos Israel G.S. Manufacturing Ltd.(i)

Israel

September 4, 2018

90%

Cronos Israel G.S. Store Ltd.(i)

Israel

June 28, 2018

90%

Cronos Israel G.S. Pharmacy Ltd.(i)

Israel

February 15, 2018

90%

(i)These Israeli entities are collectively referred to as “Cronos Israel.”

(ii)“Ownership interest” is defined as the proportionate share of net income to which the Company is entitled; equity interest may differ from ownership interest as described herein.

In the consolidated statements of net income (loss) and comprehensive income (loss), net income (loss) and comprehensive income (loss) are attributed to the equity holders of the Company and to the non-controlling interests. Non-controlling interests in the equity of Cronos Israel are presented separately in the shareholders’ equity section of the consolidated balance sheets and consolidated statements of shareholders’ equity. All intercompany transactions and balances are eliminated upon consolidation.

(d)Out-of-period adjustments

During the year ended December 31, 2021, the Company identified an error in the accounting related to the withholding taxes on the net exercise of stock options resulting in an understatement of accrued liabilities of $966 and overstatements of other receivables, retained earnings and share capital of $3,202, $3,838 and $330, respectively, as of December 31, 2020. This error was deemed immaterial, and thus the Company has recorded an out-of-period adjustment to the consolidated balance sheet and the consolidated statement of changes in shareholders’ equity during the year ended December 31, 2021 to correct the error. The impact of the out-of-period adjustments are included within the changes in operating assets and liabilities and withholding taxes paid on share-based awards lines in the Company’s consolidated statement of cash flows.

During the year ended December 31, 2021, the Company identified an error in the accounting related to the exercise of Top-up Rights (as defined herein), which resulted in an overstatement of share capital and an understatement of gain on revaluation of derivative liabilities of $3,227 as of December 31, 2020. The error was deemed immaterial, and thus the Company has recorded an out-of-period adjustment to the consolidated balance sheet and the consolidated statement of changes in shareholders’ equity during 2021 to correct the error. The out-of-period adjustment had no impact on the consolidated statements of net income (loss) and comprehensive income (loss) or the consolidated statements of cash flows.

During the year ended December 31, 2021, the Company identified an error in the accounting related to shares issued pursuant to the accelerated vesting of RSUs in the third quarter of 2020, which resulted in an understatement of share capital of $4,802 and an overstatement of additional paid-in-capital of $4,802 as of December 31, 2020. The error was deemed immaterial, and thus the Company has recorded an out-of-period adjustment to the consolidated balance sheet and the consolidated statement of changes in shareholders’ equity during 2021 to correct the error. The out-of-period adjustment had no impact on the consolidated statements of net income (loss) and comprehensive income (loss) or the consolidated statements of cash flows.

(e)Use of estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Significant estimates and assumptions include, among other things, valuation of derivative liabilities, expected credit losses on long-term financial assets, impairment losses on goodwill and indefinite-lived intangible assets, impairment losses on long-lived assets, inventory write-downs, share-bared payments, valuation allowance on deferred income tax assets and uncertain tax liabilities. Actual results could differ from those estimates.

(f)Cash and cash equivalents and short term investments

Cash and cash equivalents are comprised of cash and highly liquid investments that are readily convertible into known amounts of cash with original maturities of three months or less. Cash and cash equivalents include amounts held in dollars, C$ and ILS and security deposits. Short-term investments consist of debt securities that (i) have original maturities of greater than three months and (ii) the Company has the ability to convert into cash within one year.

Short-term investments are classified as held-to-maturity. Our investments classified as held-to-maturity are recorded at cost. Interest earned on short-term investments is recorded in other receivables on the consolidated balance sheets and interest income on the consolidated statements of net income (loss) and comprehensive income (loss). Cash inflows and outflows related to the purchase and maturity of short-term investments are classified as investing activities in the Company’s consolidated statements of cash flows.

(g)Inventory

Inventory is comprised of raw materials, finished goods and work-in-progress, such as pre-harvested cannabis plants, dried cannabis flower, by-products to be extracted, cannabis extracts and by-products, dry cannabis and cannabis extract containers, and boxes. The costs of growing cannabis, including but not limited to labor, utilities, nutrition and irrigation, are capitalized into inventory until the time of harvest.

Inventory is stated at the lower of cost and net realizable value, determined using weighted average cost. Cost includes expenditures directly related to manufacturing and distribution of the products. Primary costs include consumables (insect control, fertilizers, soil), packaging, shipping, direct labor, overhead, supplies and small tools, and the depreciation of manufacturing equipment and production facilities determined at normal capacity. Manufacturing overhead and related expenses include salaries, wages, employee benefits, rent, utilities, security, and property taxes. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. At the end of each reporting period, the Company performs an assessment of inventory obsolescence to measure inventory at the lower of cost and net realizable value. Factors considered in the determination of obsolescence include slow-moving or non-marketable products.

(h)Investments

Variable interest entities

A variable interest entity is an entity having either a total equity investment that is insufficient to finance its activities without additional subordinated financial support or equity investors at risk that lack the ability to control the entity’s activities. Variable interests are investments or other interests that will absorb portions of a VIE’s expected losses or receive portions of the VIE’s expected residual returns. The Company evaluates whether it is the primary beneficiary of each VIE it identifies on a periodic basis and considers the impact of any reconsideration events. The primary beneficiary is the party that has both the power to direct the activities that most significantly impact the VIE and holds a variable interest that could potentially be significant to the VIE. To make this determination, the Company considers both quantitative and qualitative factors regarding the nature, size and form of its involvement with the VIE. The Company consolidates the VIE when it is determined that it is the primary beneficiary of the VIE.

Equity method investments

The Company accounts for investments in companies over which it has the ability to exercise significant influence but does not hold a controlling financial interest using the equity method. Under the equity method, the Company records its proportionate share of income or loss in the consolidated statements of net income (loss) and comprehensive income (loss). Cash payments to equity method investees such as additional investments and expenses incurred on behalf of investees, as well as payments from equity method investees such as dividends and distributions are recorded as adjustments to investment balances. If the current fair value of an investment falls below its carrying amount, this may indicate that an impairment loss should be recorded. Any impairment losses recognized cannot be reversed in subsequent periods.

Other investments

Other investments include common stock and options in third party entities in which the Company’s influence is deemed non-significant. The Company holds other investments with and without readily determinable fair values. Other investments with readily determinable fair values are recorded using the fair value method of accounting as of period-end on the consolidated balance sheets. Other investments without readily determinable fair values are recorded using the cost method of accounting on the consolidated balance sheets. Other investments without readily determinable fair values are assessed for temporary and other than temporary observable price changes on a periodic basis. Changes in the reported value of other investments are reported in the consolidated statements of net income (loss) and comprehensive income (loss).

(i)Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:

Rate

Building and leasehold improvements

15 to 20 years

Machinery and equipment

5 to 7 years

Furniture and fixtures

5 years

Equipment under finance lease

Lesser of term of lease and useful life

When assets are disposed of, the cost and accumulated depreciation are removed from the respective accounts and any related gain or loss is recognized. Maintenance and repairs are charged to expense as incurred. Significant expenditures, which increase productivity or extend the useful life of the asset, are capitalized.

Available for use is defined as the point at which the related property, plant and equipment is operational, including the possession of any requisite licenses. Depreciation commences at the point the assets are available for use.

(j)Definite-lived intangible assets

Intangible assets are recorded at cost less any accumulated amortization and accumulated impairment losses. Intangible assets acquired through a business combination are measured at fair value at the acquisition date.

The Company capitalizes certain costs incurred in connection with its enterprise software, which include external direct costs of materials and services consumed in developing or obtaining internal-use software and payroll and payroll-related costs for employees who are directly associated with and who devote time to the development of the software for the function intended. All other costs are expensed as incurred.

Intangible assets with definite useful lives are amortized over their estimated useful lives using the following methods and rates:


	Method	Rate
Software	Straight-line	5 years
Health Canada licenses	Straight-line	Useful life of corresponding facilities
Ginkgo exclusive licenses	Straight-line	10 years
Israeli codes(i)	Straight-line	Useful life of corresponding facilities

(i) The preliminary licenses granted to Kibbutz Gan Shmuel (the Cronos Israel joint venture partner) by the Medical Cannabis Unit of the Israeli Ministry of Health in early 2017 (the “Israeli codes”) were transferred by non-controlling interests to Cronos Israel in exchange for equity interests in the Cronos Israel entities specified above.

Amortization begins when assets become available for use. The estimated useful life, amortization method, and rate are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.

Intangible assets originating from the strategic partnership (the “Ginkgo Strategic Partnership”) with Ginkgo Bioworks Holdings, Inc. (“Ginkgo”) are accounted for in accordance with the acquisition method of accounting. Equity interests issued in exchange for an asset are initially recognized and measured at the date of acquisition at fair value. We estimate fair value using the relief-from-royalty method and key assumptions include the discount rate and estimated life. Definite-lived intangible assets, including intangible assets originating from the Ginkgo Strategic Partnership, are subject to amortization and reviewed for impairment annually or more frequently when events or changes in circumstances indicate that fair value has been reduced to less than its carrying amount.

(k)Accrued liabilities

Accrued liabilities consist of the following:


	As of December 31,
	2021		2020
Accrued payroll and related expenses	$	13,308	$	9,697
Accrued professional fees	8,337		7,395
Accrued taxes	3,488		2,843
Other accrued expenses	936		2,821
Total accrued liabilities	$	26,069	$	22,756

Accrued payroll and related expenses include salaries and wages, bonuses, and other related payroll expenses associated with the Company’s employees. Accrued professional fees include fees for legal expenses, litigation, consulting, marketing, and other related expenses. Accrued taxes include sales, excise and other taxes owed. Other accrued expenses include the fair value of deferred share units outstanding to directors and other general expenses.

(l)Leases

The Company enters into leases in the normal course of business, primarily for the land-use rights, office premises, and equipment used in the production of its products. At the inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company performs an analysis over the classification of the lease agreement as either an operating lease or finance lease.

A right-of-use asset and the related lease obligation associated with the lease are recorded at the inception of the lease. The right-of-use asset’s recorded amount is based on the present value of future lease payments over the lease term at the commencement date plus any initial direct costs incurred. If the rate implicit in the lease is not readily determinable for the Company’s operating leases, an incremental borrowing rate is generally used based on information available at the lease commencement date to determine the present value of future lease payments. Subsequent changes to these lease payments due to rate updates are recorded as lease expense in the period incurred. Leases with a term of 12 months or less are not recorded on the balance sheet as a lease.

The right-of-use asset is subject to impairment testing whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable. The leased asset is amortized over the shorter of the lease term or its estimated useful life if title does not transfer to the Company, while the leased asset is depreciated in accordance with the Company’s depreciation policy if the title is to eventually transfer to the Company.

The Company’s lease agreements generally exclude non-lease components. As a result, non-lease components are accounted for separately for all classes of assets and expensed as incurred. In addition, the Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. For finance leases, from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term, the right-of-use asset is amortized on a straight-line basis and the interest expense is recognized on the lease liability using the effective interest method. For operating leases, lease expense is recognized on a straight-line basis over the term of the lease and presented as a single charge in the consolidated statements of net income (loss) and comprehensive income (loss).

(m)Derivative liabilities

For financial instruments classified as derivatives that are not designated as hedging instruments or do not qualify for hedge accounting, changes in fair value are recorded in the consolidated statements of net income (loss) and comprehensive income (loss) each period. The Company does not enter into or hold derivative financial instruments for trading or speculative purposes. Derivative liabilities are initially recognized at fair value at the date on which the derivative contract was entered into. Any attributable transaction costs are recognized in net income (loss) as incurred. Subsequent to initial recognition, derivative liabilities are measured at fair value at each reporting date until settlement with the re-measurement gain or loss being recognized immediately in net income (loss) and comprehensive income (loss). For more details on derivative liabilities consisting of the Altria Warrant, Pre-emptive Rights, and certain Top-up Rights, see Note 8 “Derivative Liabilities.”

(n)Capital stock

Capital stock is presented at the fair value at the time of issuance of the shares issued. Costs related to the issuance of shares are reported in equity, net of tax, as a deduction from the issuance proceeds.

(o)Revenue recognition

The Company’s contracts with customers for the sale of dried cannabis, cannabis oil, cannabinoid-derived products and “hemp” (as defined in the U.S. Agricultural Improvement Act of 2018 “U.S. hemp”) derived personal care products consist of one performance obligation. The Company has concluded that revenue from the sale of these products should be recognized at the point in time when control is transferred to the customer, which is upon shipment or delivery, depending on the contract. For consumer sales in the United States segment (the “U.S. segment”), control passes to the customer upon shipment and, thus, revenue is recognized upon the transfer of goods to the shipping carrier in accordance with the terms of service agreed to by the customer at the time of purchase. Revenue is recognized at the transaction price, which is the amount of consideration to which the Company expects to be entitled in exchange for transferring promised goods to a customer.

Net revenue before excise taxes from sale of goods, as presented in the consolidated statements of net income (loss) and comprehensive income (loss), represents revenue from the sale of goods less expected price discounts, allowances for customer returns and other forms of consideration paid to customers. Net revenue before excise taxes excludes excise taxes, which the Company pays as principal, and excludes duties and taxes collected on behalf of third parties. Excise taxes are a production tax classified as government remittances payable, which when applicable, become payable when a product is delivered to the customer and are not directly related to the value of revenue. Refer to Note 12 “Segment Information and Disaggregated Net Revenue” for further information on disaggregated revenue.

The Company treats shipping and handling activities as a fulfillment cost, classified as cost of sales. Accordingly, the Company accrues all fulfillment costs related to the shipping and handling of consumer goods at the time of shipment. Within the Company’s Rest of World segment (the “ROW segment”), dried cannabis sales outside of Canada may include profit sharing arrangements with distributors which give rise to variable consideration. If the consideration in a contract includes a variable amount, the Company estimates the amount of consideration to which it will be entitled in exchange for transferring the goods to the customer. The variable consideration is estimated using the expected value method, based on the Company’s historical information, at contract inception. The Company’s payment terms vary by customer and product type.

(p)Research and development

The Company has research and development centers in Canada and Israel which perform scientific research on the interaction of cannabinoids as well as strain development, growing conditions, extraction technology, and biosynthesis. In Canada, fermentation and production related research is performed to further strategic initiatives around rare cannabinoids. In addition, the Company has a collaboration and license agreement with Ginkgo (the “Ginkgo Collaboration Agreement”) to research, produce, and commercialize cultured cannabinoids. Technological feasibility is considered to be established once productivity targets or commercialization are achieved, at which point the exclusive license is recognized at cost less impairment charges. As of the acquisition date of each exclusive license, cost less impairment charges is equal to the fair value. Refer to Note 6 “Goodwill and Intangible Assets, net” for more information on the Ginkgo Collaboration Arrangement. Research and development costs associated with these collective efforts are expensed as incurred as part of operating expenses in the Company’s consolidated statements of net income (loss) and comprehensive income (loss).

(q)Advertising costs

Advertising costs include costs to sell the Company’s products and are expensed as incurred through sales and marketing expenses in the consolidated statements of net income (loss) and comprehensive income (loss). Advertising costs were $11,514, $6,087 and $1,287 for the years ended December 31, 2021, 2020, and 2019, respectively.

(r)Share-based compensation

As described in more detail below, the Company has five share-based compensation plans under which awards have been made: the 2020 Omnibus Plan, the 2018 Stock Option Plan, the 2015 Stock Option Plan, the Employment Inducement Award Plan and the DSU Plan (each as defined below).

Share-based awards consists of equity-settled share-based awards such as stock options and restricted share units (“RSUs”) that are issued to eligible employees, non-executive directors, and non-employees. Cash-settled deferred share units (“DSUs”) that are issued to non-executive directors under the DSU Plan are recorded in accrued liabilities with the fair value adjustment recorded in other income.

Equity instruments granted are initially measured at fair value on the grant date. The fair value of the stock options is determined using the Black-Scholes option pricing model. The fair value of RSUs and DSUs are determined using the market price of the Company’s common shares. This is recognized on a straight-line basis in the consolidated statements of net income (loss) and comprehensive income (loss) over the vesting period for employees, and over the contractual term for non-employees. The fair value of the payout of cash-settled DSUs is determined at each reporting date based on the fair value of the Company’s common shares at the reporting date and is recorded within other liabilities. The related costs for all equity-settled share-based awards are reflected in additional paid-in capital until the awards are settled or exercised. Upon settlement or exercise, shares are issued and the amount previously reflected in the additional paid-in capital is, along with any proceeds paid upon settlement or exercise, credited to share capital. Forfeitures are estimated at the time of grant, and the Company revises these estimates in subsequent periods if there is a difference in actual forfeitures and the estimates.

(s)Impairment of long-lived assets

The Company reviews its long-lived assets, such as property, plant and equipment and definite-lived intangible assets, for impairment in accordance with ASC Topic 360, Property, Plant, and Equipment. In accordance with ASC Topic 360, long-lived assets to be held are reviewed for events or changes in circumstances that indicate that their carrying amount may not be recoverable. The Company periodically reviews for indicators and, if indicators are present, tests the carrying amount of long-lived assets, assessing their fair values based on estimated undiscounted cash flows over their remaining estimated useful lives. The Company groups assets at the lowest level for which cash flows are separately identifiable, referred to as an asset group. If the carrying amount of an asset (or asset group) exceeds its estimated undiscounted future cash flows, an impairment charge is measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset, based on discounted cash flows.

(t)Impairment of goodwill and indefinite-lived intangible assets

Goodwill and indefinite-lived intangible assets are not amortized. Goodwill and indefinite-lived intangible assets are reviewed for impairment annually or more frequently when events or changes in circumstances indicate that fair value of the reporting unit has been reduced to less than its carrying amount in accordance with the provisions of ASC Topic 350, Intangibles—Goodwill and Other. The Company performs an impairment test annually in the fourth quarter by comparing the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered to be impaired. An impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The Company determined that it has two segments: the U.S. segment and the Rest of World segment.

(u)Income taxes

The Company uses the liability method of accounting for income taxes, under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to be in effect when such assets and liabilities are recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the year that includes the enactment date. The Company determines deferred tax assets including net operating losses and liabilities, based on temporary differences between the book and tax bases of assets and liabilities.

A valuation allowance is established to reduce some or all net deferred tax assets to amounts that are more likely than not to be realized. The Company considers all available evidence, both positive and negative, including past operating results, estimates of future taxable income, and the feasibility of tax planning strategies, in assessing the need for a valuation allowance.

The Company has a full valuation allowance against its net deferred tax assets, and has concluded, based on the weight of all available evidence, that it is more likely than not that the net deferred tax assets will not be realized, primarily due to the historical net operating losses. The valuation allowance against the net deferred tax assets does not in any way impact the Company’s ability to use future tax deductions such as the Company’s net operating loss carryforwards; rather, the valuation allowance indicates, according to the provisions of Accounting Standards Codification (“ASC”) 740, Income Taxes, it is more likely than not that the deferred tax assets will not be realized. The valuation allowance that was established will be maintained until there is sufficient positive evidence to conclude that it is more likely than not that the net deferred tax assets will be realized. The Company’s income tax expense for future periods will be reduced to the extent of corresponding decreases in our valuation allowance. There is uncertainty regarding any future realization of the benefit by the Company of all or part of our net deferred tax assets.

Judgment is required to determine the recognition and measurement attributes prescribed in the accounting guidance for uncertainty in income taxes. The Company uses a two-step approach for evaluating uncertain tax positions. Step one, recognition, requires us to determine if the weight of available evidence indicates that a tax position is more likely than not to be sustained upon audit, including resolution of related appeals or litigation processes, if any. If a tax position is not considered “more likely than not” to be sustained, no benefits of the position are recognized. If we determine that a position is “more likely than not” to be sustained, then we proceed to step two, measurement, which is based on the largest amount of benefit which is more likely than not to be realized on effective settlement. This process involves estimating our actual current tax exposure, including assessing the risks associated with income tax audits, together with assessing temporary differences resulting from the different treatment of items for tax and financial reporting purposes. If actual results differ from our estimates, our net operating loss and credit carryforwards, to the extent not covered by a valuation allowance, could be materially impacted in the period which such determination is made.

The Company recognizes uncertain income tax positions at the largest amount that is more-likely-than-not to be sustained upon examination by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Recognition or measurement is reflected in the period in which the likelihood changes. Any interest and penalties related to unrecognized tax liabilities are presented within income tax expense in the consolidated statements of net income (loss) and comprehensive income (loss). Accrued interest and penalties are included in accounts payable and other liabilities in the consolidated balance sheets.

(v)Foreign currency

The Company’s functional currency is the Canadian dollar (“C$”) and its reporting currency is the U.S. dollar. Functional currencies for the entities in these consolidated financial statements are their respective local currencies, including C$, Australian dollars (“A$”) and Israeli New Shekel (“ILS”). All assets and liabilities of operations with a functional currency other than the U.S. dollar are translated at period-end currency exchange rates. The resulting translation adjustments are recorded in accumulated other comprehensive income (loss), net of tax. Revenues and expenses of operations, as well as all cash flows, with a functional currency other than the U.S. dollar are translated at the average exchange rates for the period. Transaction gains and losses resulting from changes in foreign currency exchange rates are recorded in either cost of sales, general and administrative expenses, or other, net in the consolidated statements of net income (loss) and comprehensive income (loss).

(w)Segments

Cronos Group reports through two segments: the U.S. segment and the ROW segment. These two segments represent the geographic regions in which the Company operates and the different product offerings within each geographic region. Refer to Note 12 “Segment Information and Disaggregated Net Revenue” for additional information.

(x)Earnings (loss) per share

The Company presents basic and diluted earnings (loss) per share data for its common shares. Basic earnings (loss) per share is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares.

(y)Fair value measurements

The carrying amount of the Company’s cash and cash equivalents, accounts receivable, other receivables, loans receivable, account payables and other liabilities approximate fair value, given their short-term nature. Cronos Group uses a fair value hierarchy, which gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities, noted as Level 1 measurements, and the lowest priority to unobservable inputs, noted as Level 3 measurements.

The following are the three levels of inputs used to measure fair value:

•Level 1 – valuation based on quoted prices (unadjusted) in active markets for identical assets and liabilities.

•Level 2 – valuation techniques based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.

•Level 3 – valuation techniques using the inputs for the asset or liability that are not based on observable market data.

The Company’s policy for determining when transfers between levels of the fair value hierarchy occur is based on the date of the event or changes in circumstances that caused the transfer.

(z)Assets held for sale and discontinued operations

In accordance with ASC 205-20 Presentation of Financial Statements: Discontinued Operations, a disposal of a component of an entity or a group of components of an entity is required to be reported as discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when the components of an entity meet the criteria in paragraph ASC 205-20-45-10. In the period in which the component meets held-for-sale or discontinued operations criteria the major current assets, other assets, current liabilities, and other liabilities are reported as components of total assets and liabilities separate from those balances of the continuing operations. At the same time, the results of all discontinued operations, less applicable income taxes (benefit), are reported as components of net income (loss) separate from the net income (loss) of continuing operations.

During the year ended December 31, 2020, Original B.C. Ltd. (“OGBC”), formerly included within the Rest of World segment, met the criteria for “held-for-sale”. As a result, the Company has reflected amounts relating to OGBC as a disposal group classified as held-for-sale on the consolidated balance sheet and included as part of discontinued operations on the consolidated statements of net income (loss) and comprehensive income (loss) for all periods presented. OGBC is no longer included in the segment reporting following the reclassification to discontinued operations. During the year ended December 31, 2021, the Company sold its OGBC assets previously classified as held-for-sale. Discontinued operations are described in further detail in Note 16 “Held-For-Sale Assets and Discontinued Operations.”

(aa)Adoption of new accounting pronouncements

On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) No. 2020-01, Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) (“ASU No. 2020-01”). ASU No. 2020-01 clarifies the interaction of accounting for the transition into and out of the equity method as well as measuring certain purchased options and forward contracts to acquire investments. The adoption of ASU No. 2020-01 did not have an impact on the Company’s consolidated financial statements.

On January 1, 2021, the Company adopted ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU No. 2019-12”). ASU No. 2019-12 eliminates certain exceptions and simplifies the application of U.S. GAAP-related changes in enacted tax laws or rates and employee stock option plans. The adoption of ASU No. 2019-12 did not have an impact on the Company’s consolidated financial statements.

(ab)New accounting pronouncements not yet adopted

In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815–40) (“ASU No. 2020-06”). ASU No. 2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. ASU No 2020-06 is part of the FASB’s simplification initiative, which aims to reduce unnecessary complexity in U.S. GAAP. ASU No 2020-06 is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. The Company does not expect the adoption of ASU No. 2020-06 to have a material impact on its consolidated financial statements.

Inventory, net

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Inventory, net

Inventory, net is comprised of the following items:


	As of December 31,
	2021		2020
Raw materials	$	9,211	$	11,489
Work-in-progress	12,405		26,278
Finished goods	10,778		5,905
Supplies and consumables	408		330
Total	$	32,802	$	44,002

Investments

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Investments

(a)Variable interest entities and investments in equity accounted investees, net

The Company holds variable interests in Cronos Growing Company Inc. (“Cronos GrowCo”), NatuEra S.à.r.l. (“Natuera”) and Cannasoul Lab Services Ltd. (“CLS”). The Company’s investments in Cronos GrowCo and Natuera are exposed to economic variability from each entity’s performance; however, the Company does not consolidate the entities as it does not have the power to direct the activities that most significantly impact each entity’s economic performance. Thus, the Company is not considered the primary beneficiary of each entity. These investments are accounted for as equity method investments classified as “Investments in equity accounted investees, net” in the consolidated balance sheets.

Cronos GrowCo

Cronos GrowCo is a joint venture incorporated under the Canada Business Corporations Act (“CBCA”) on June 14, 2018 with the objective of cultivating and commercializing cannabis and cannabis products. Cronos GrowCo’s economic performance is driven by the day-to-day operations of Cronos GrowCo, which are controlled by 2645485 Ontario Inc. (“Mucci”), the Company’s joint venture partner. During the year ended December 31, 2021, the Company concluded that lower than expected sales forecasts combined with the increase to the aggregate principal amount of the GrowCo Facility (as defined below) were indicators of impairment for the Company’s equity method investment in Cronos GrowCo. Accordingly, the Company performed a quantitative impairment assessment in the third quarter of 2021 to compare the fair value of the investment in Cronos GrowCo to its carrying amount. The fair value was estimated using the discounted cash flow method. Significant inputs include discount rate, growth rates, and cash flow projections. As a result of this analysis, the Company concluded that as of September 30, 2021, the estimated fair value was higher than the carrying amount and no impairment charges were recorded.

MedMen

MedMen Canada Inc. (“MedMen Canada”) was a joint venture incorporated under the CBCA on March 13, 2018, with the objective of the retail sale and marketing of cannabis products in Canada. The Company held variable interests in MedMen Canada through its ownership of 50% of MedMen Canada’s common shares and other subordinated debt. Effective as of December 31, 2021, the Company and MedMen Enterprises, Inc., the joint venture partner (“the MedMen JV Partner”), dissolved MedMen Canada due to its prolonged inactivity and a lack of business operations. In accordance with the MedMen dissolution agreement, cash of $256 and $220 was distributed to the Company and the MedMen JV Partner, respectively. The remaining $118 of cash held by MedMen Canada will be used to settle any remaining legal fees and related charges. Any remaining funds will then be distributed equally between the Company and the MedMen JV Partner.

Natuera

Natuera is a joint venture registered in Luxembourg with the objective of cultivating and commercializing hemp and cannabis products. The Company holds variable interests in Natuera through its ownership of 50% of Natuera’s common shares. An affiliate of Agroidea SAS, a Colombian agricultural services provider, owns the remaining 50% of Natuera’s common shares (such affiliate, the “Natuera JV Partner”). Natuera’s economic performance is driven by the quantity and strains of cannabis grown, which is mutually determined by the joint venture partners. During the year ended December 31, 2021, the Company concluded that lower than expected sales forecasts as of December 31, 2021 were an other than temporary indicator of impairment for the Company’s equity method investment in Natuera. Accordingly, the Company performed a qualitative assessment to determine whether there was any value remaining in the investment. As a result of this analysis, the Company concluded that, as of December 31, 2021, the estimated fair value was zero, and $167 was recorded as an impairment loss on equity method investees on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

CLS

CLS is a wholly owned subsidiary of Cannasoul Analytics Ltd., incorporated with the purpose of establishing a commercial cannabis analytical testing laboratory located on the premises of Cronos Israel (the “Cannasoul Collaboration”). Cronos Israel agreed to advance up to ILS 8,297 ($2,664) by a non-recourse loan (the “Cannasoul Collaboration Loan”) to CLS over a period of two years from April 1, 2020 for the capital and operating expenditures of the laboratory. The loan bears interest at 3.5% annually. Cronos Israel will receive 70% of the profits of the laboratory until such time as it has recovered 150% of the amounts advanced to CLS, after which time it will receive 50% of the laboratory profits. As a result, the Company is exposed to economic variability from CLS’s performance. The Company does not consolidate CLS as it does not have the power to direct the activities that most significantly impact the entity’s economic performance; thus, the Company is not considered the primary beneficiary of the entity. The carrying amount of the non-recourse loan is recorded under loans receivable and the full loan amount, ILS 8,297, represents the Company’s maximum potential exposure to losses through the Cannasoul Collaboration. See Note 4 “Loans Receivable, net” for further information regarding loans receivable.

A reconciliation of the carrying amount of the investments in equity method investees, net is as follows:


	Ownership interest	As of December 31,
		2021		2020
Cronos Australia(i)	31%	N/A		$	—
Cronos GrowCo	50%	$	16,764	19,235

Natuera(ii, iii)	50%	—		—
		$	16,764	$	19,235

(i)As of December 31, 2021, the Company held an approximately 10% ownership interest in Cronos Australia, which is included in other investments on the consolidated balance sheet. As such, the Company’s investment in Cronos Australia is no longer included as an investment in equity-method investees in the table above. As of December 31, 2020, the Company held an approximately 31% ownership interest in Cronos Australia. The gross investment balance in Cronos Australia was offset by equity losses as of December 31, 2020.

(ii)On April 1, 2021, the Company and the Natuera JV Partner, converted all advances made to Natuera under the master loan agreement entered into with Natuera on September 27, 2019 (the “Natuera Series A Loan”), plus accrued interest, into equity of Natuera. Total aggregate gross advances to Natuera under the Natuera Series A Loan were $15,500, of which the Company advanced 50% and the Natuera JV Partner advanced the remaining 50%, or $7,750 each. As a result, the Company transferred the carrying amount of the Natuera Series A Loan of approximately $2,013 plus accrued interest of $540, for a total investment value of $2,553, which approximated the then fair value, to investments in equity accounted investees in respect of Natuera. See Note 4 “Loans Receivable, net.”

(iii)As of December 31, 2021, the Company concluded that the estimated fair value of the investment in Natuera was lower than the carrying amount resulting in an impairment charge of $167 being recorded as an impairment loss on equity method investees in the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

The following is a summary of the Company’s share of net losses from equity investments accounted for under the equity method of accounting:


	Year ended December 31,
	2021		2020		2019
Whistler Medicinal Marijuana Company (“Whistler”)(i)	$	—	$	—	$	29
Cronos Australia(ii)	(48)		(363)		(1,101)
Cronos GrowCo	(2,518)		(1,537)		(167)
MedMen Canada(iii)	—		—		35
Natuera(iv)	(3,747)		(2,610)		(805)
	$	(6,313)	$	(4,510)	$	(2,009)

(i)Whistler was incorporated in British Columbia, Canada and is a license holder under the Cannabis Act (Canada) with production facilities in British Columbia, Canada. The Company fully divested its investment in Whistler during 2019.

(ii)As of December 31, 2021, the Company held a 10% ownership interest in Cronos Australia and Cronos Australia is no longer considered an equity-method investee. As of December 31, 2020, and up to December 16, 2021, the Company held a 31% ownership interest in Cronos Australia and was considered an equity-method investee. The gross investment balance in Cronos Australia was offset by equity losses as of December 31, 2020.

(iii)By agreement of the joint venture partners, MedMen Canada was dissolved effective as of December 31, 2021.

(iv)The Company’s share of accumulated net losses in excess of its equity investment in Natuera has been applied as a loss allowance on the loan receivable. See Note 4 “Loans Receivable, net.”

The following is a summary of financial information for the Company’s equity method investments:


	As of December 31,
	2021		2020		2019
Current assets	$	5,660	$	19,126	$	23,200
Non-current assets	125,777		122,099		76,212
Current liabilities	13,457		24,223		52,796
Non-current liabilities	81,594		76,313		33,189


	Year ended December 31,
	2021		2020		2019
Revenue	$	8,186	$	367	$	52
Gross profit	(5,059)		(631)		—
Net loss	(12,603)		(11,453)		(2,048)

The following is a summary of the maximum exposure to loss from the Company’s investments in equity method investees:


	Ownership interest	Other Net Assets (Liabilities)		Maximum Exposure to Loss

Cronos GrowCo	50%	$	33,674	$	21,125
Natuera	50%	2,712		7,826
Balance as of December 31, 2021		$	36,386	$	28,951


	Ownership interest	Other Net Assets (Liabilities)		Maximum Exposure to Loss
Cronos Australia(i)	31%	$	8,976	$	1,530
Cronos GrowCo	50%	109,329		21,125
MedMen Canada(ii)	50%	—		467
Natuera	50%	(6,849)		8,154
Balance as of December 31, 2020		$	111,456	$	31,276

(i)As of December 31, 2021, the Company held an approximately 10% ownership interest in Cronos Australia which is included in other investments on the consolidated balance sheet. As such, the Company’s maximum exposure to loss from the Company’s investment in Cronos Australia is no longer included in the table above. As of December 31, 2020, the Company held an approximately 31% ownership interest in Cronos Australia.

(ii)By agreement of the joint venture partners, MedMen Canada was dissolved effective as of December 31, 2021.

(b)Other investments

Other investments consist of investments in common shares and options of two companies in the cannabis industry. A reconciliation of the carrying amount of the other investments is as follows:


	Ownership interest	As of December 31,
		2021		2020
PharmaCann, Inc.	10.5%	$	110,392	$	—
Cronos Australia	10%	8,000		N/A
		$	118,392	$	—

PharmaCann

On June 14, 2021, the Company purchased an option (the “PharmaCann Option”) to acquire 473,787 shares of Class A Common Stock of PharmaCann, Inc. (“PharmaCann”), a vertically integrated cannabis company in the United States, at an exercise price of $0.0001 per share, representing approximately 10.5% of PharmaCann’s issued and outstanding capital stock on a fully-diluted basis as of the date of the PharmaCann Option, for an aggregate purchase price of approximately $110,392. The option exercise will be based upon various factors, including the status of U.S. federal cannabis legalization, as well as regulatory approvals, including in the states where PharmaCann operates that may be required upon exercise. The Company has deemed its influence in PharmaCann to be non-significant. The PharmaCann Option is classified as an investment without a readily determinable fair value in an equity security. The Company measures the PharmaCann Option at cost less accumulated impairment charges, if any, and subsequently adjusted for observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The PharmaCann Option is reported as other investments on the consolidated balance sheet for the period ended December 31, 2021. On October 12, 2021, PharmaCann announced that it had entered into a definitive merger agreement with LivWell Holdings, Inc. (“LivWell”) pursuant to which PharmaCann will acquire LivWell (the “LivWell Transaction”). LivWell is a multi-state cannabis cultivation and retail leader based in Colorado. Under the terms of the Company’s investment in PharmaCann, the Company’s rights to nominate an observer or a director to the PharmaCann board of directors could be lost if the Company’s ownership drops below 6% on a fully-diluted basis and it sells or transfer all or any portion of the option (subject to certain exceptions). As a result, further dilution could adversely affect the Company’s rights under the PharmaCann Option. As a result of the LivWell Transaction, the value of the Company’s option in PharmaCann could be materially impacted. As of December 31, 2021, the Company performed an assessment on the existence of impairment indicators on the PharmaCann Option and noted no indicators of impairment existed. As such, no impairment loss on the investment was recorded during the year ended December 31, 2021.

Cronos Australia

On September 14, 2021, Cronos Australia entered into a merger agreement to acquire 100% of the issued shares of CDA Health Pty Ltd, an Australian medicinal cannabis company, subject to customary closing conditions, including shareholder approval (the “Cronos Australia Merger”). The Cronos Australia Merger closed on December 16, 2021. In connection with the closing of the Cronos Australia Merger, all advances made under the Company’s A$1,500 unsecured loan to Cronos Australia, plus accrued interest and certain royalties payable, were converted into ordinary shares of Cronos Australia. In addition, the Company’s ownership interest in Cronos Australia decreased to approximately 10% and the Company’s number of Cronos Australia board seats was reduced from two to one. The reduction in ownership interest and board seats constituted a loss of significant influence and resulted in a reclassification on the consolidated balance sheet from investments in equity accounted investees using the equity method of accounting to other investments using the fair value method of accounting, with unrealized holding gains and losses included in net income (loss) on the consolidated statements of net income (loss) and comprehensive income (loss). As a result, the Company recorded a gain on revaluation of other investments of $8,287 included in the gain on revaluation of financial instruments on the statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021. The Company’s investment in Cronos Australia was $8,000, included in other investments on the balance sheet as of December 31, 2021.

(c)Disposal of investments

The following is a summary of the Company’s gain from disposals of investments:


	Year ended December 31,
	2021		2020		2019

Canopy Growth Corporation (“Canopy”)(i)	$	—	$	—	$	51
Whistler(ii, iii)	—		—		15,530
Aurora	—		4,789		696
	$	—	$	4,789	$	16,277

(i)The Company sold all remaining 11,602 common shares of Canopy during the year ended December 31, 2019, for net proceeds of $355, resulting in a $51 gain on disposal of investments on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2019.

(ii)On March 4, 2019, the Company sold all 2,563 shares of Whistler, representing approximately 19.0% of Whistler’s issued and outstanding common shares, to Aurora Cannabis Inc. (“Aurora”), in connection with Aurora’s acquisition of Whistler (the “Whistler Transaction”). As a result of the closing of the Whistler Transaction, the Company received 2,524,341 Aurora common shares. During the year ended December 31, 2019, the Company sold all 2,524,341 common shares of Aurora, for gross proceeds of $19,259, resulting in a $15,530 gain on disposal of investments being recorded on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2019.

(iii)During the year ended December 31, 2020, in connection with the achievement of certain milestones related to the Whistler Transaction, the Company received 980,662 common shares of Aurora. The Company sold all 980,662 of the Aurora common shares during the year ended December 31, 2020, for gross proceeds of approximately $4,789, resulting in a $4,789 gain on disposal of investments being recorded on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2020.

Loan Receivable, net

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Loan Receivable, net

Loans Receivable, net

Loans receivable, net consists of the following:


	As of December 31,
	2021		2020
Natuera Series A Loan(i)	$	—	$	3,518
GrowCo Facility(ii)	3,138		3,137
Add: Current portion of accrued interest	2,322		428
Total current portion of loans receivable	5,460		7,083
GrowCo Facility(ii)	64,367		69,939
Mucci Promissory Note(iii)	14,019		13,324
Cannasoul Collaboration loan(iv)	2,249		1,261
Add: Long-term portion of accrued interest	—		2,667
Total long-term portion of loans receivable	80,635		87,191
Total loans receivable	$	86,095	$	94,274

(i)On April 1, 2021, the Company and the Natuera JV Partner converted all advances made to Natuera under the Natuera Series A Loan, plus accrued interest, into equity of Natuera (the “Natuera Debt Conversion”). Total aggregate gross advances to Natuera under the Natuera Series A Loan were $15,500, of which the Company advanced 50% and the Natuera JV Partner advanced the remaining 50%, or $7,750 each. As a result, the Company transferred the carrying amount of the Natuera Series A Loan of approximately $2,013 plus accrued interest of $540, for a total investment value of $2,553, which approximates fair value, to investments in equity accounted investments in respect of Natuera. See Note 3 “Investments.”

(ii)On August 23, 2019, the Company, as lender, and Cronos GrowCo, as borrower, entered into a senior secured credit agreement for an aggregate principal amount of C$100,000 (the “GrowCo Facility”). In August 2021, the GrowCo Facility was amended to increase the aggregate principal amount available to C$105,000. As a result of the increase in the aggregate principal amount of the GrowCo Facility and lower than expected sales forecasts from Cronos GrowCo, the Company revalued its allowance for credit loss on the GrowCo Facility resulting in an increase in the allowance of $12,748, which was recorded in general and administrative expenses on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021. In conjunction with the aforementioned revaluation, the Company changed its expected credit loss valuation methodology from the historical credit loss method to the probability of default method. As of December 31, 2021 and 2020, Cronos GrowCo had drawn C$104,000 ($81,598) and C$95,150 ($74,626), respectively, from the GrowCo Facility.

(iii)On June 28, 2019, the Company entered into a promissory note receivable agreement (the “Mucci Promissory Note”) for C$16,350 (approximately $12,828) with Mucci. The outstanding principal amount of the Mucci Promissory Note bears interest at 3.95% annually and is due within 90 days of demand. The Company does not intend to demand the loan within 12 months. Interest accrued under the Mucci Promissory Note until July 1, 2021 is payable by way of capitalization on the principal amount and interest thereafter must be paid in cash on a quarterly basis. The Mucci Promissory Note is secured by a general security agreement covering all the assets of Mucci. Subsequent to December 31, 2020, the terms of the Mucci Promissory Note were amended, such that interest accrued under the Mucci Promissory Note until July 1, 2022, is payable by way of capitalization on the principal amount and interest thereafter must be paid in cash on a quarterly basis.

(iv)As of December 31, 2021 and 2020, CLS has received ILS 8,297 and ILS 4,148, respectively (approximately $2,664 and $1,287, respectively), from the Cannasoul Collaboration Loan.

Expected credit loss allowances on the Company’s long-term financial assets were comprised of the following items:


	As of January 1, 2021		Increase (decrease)(i)		Foreign exchange effect		As of December 31, 2021
GrowCo Facility	$	1,546	$	12,748	$	(205)	$	14,089
Natuera Series A Loan	721		(737)		16		—
Mucci Promissory Note	270		(183)		3		90
Cannasoul Collaboration Loan	26		374		15		415
	$	2,563	$	12,202	$	(171)	$	14,594


	As of January 1, 2020		Increase (decrease)(i)		Foreign exchange effect		As of December 31, 2020
GrowCo Facility	$	—	$	1,470	$	76	$	1,546
Natuera Series A Loan	—		685		36		721
Mucci Promissory Note	—		257		13		270
Cannasoul Collaboration Loan	—		25		1		26
	$	—	$	2,437	$	126	$	2,563

(i)During the year ended December 31, 2021, $737 of expected credit losses on long-term financial assets was transferred to investments in equity method investees in relation to the Natuera Debt Conversion, as the carrying amount of the loan receivable, net, approximated fair value as of the date of transfer. During the years ended December 31, 2021 and 2020, $12,939 and $2,437, respectively, were recorded to general and administrative expenses on the consolidated statements of net income (loss) and comprehensive income (loss) as a result of adjustments to our expected credit losses.

Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net

Property, plant and equipment, net consisted of the following:


		As of December 31, 2021
	Cost			Accumulated depreciation			Accumulated impairment charges			Net
Land		$	2,822		$	—		$	—		$	2,822
Building and leasehold improvements		188,522			(22,720)			(109,177)			56,625
Machinery and equipment		18,894			(5,778)			(3,876)			9,240
Furniture and fixtures		5,937			(1,808)			(615)			3,514
Construction in progress		2,502			—			(633)			1,869
		$	218,677		$	(30,306)		$	(114,301)		$	74,070


		As of December 31, 2020
	Cost			Accumulated depreciation			Accumulated impairment charges			Net
Land		$	3,197		$	—		$	—		$	3,197
Building and leasehold improvements		162,326			(13,970)			—			148,356
Machinery and equipment		14,032			(3,195)			—			10,837
Furniture and fixtures		5,502			(1,130)			—			4,372
Construction in progress		20,837			—			—			20,837
		$	205,894		$	(18,295)		$	—		$	187,599

For the years ended December 31, 2021, 2020 and 2019, depreciation expense on property, plant and equipment was $11,668, $9,052 and $3,263, respectively, and was included in cost of sales as well as depreciation and amortization in operating expenses on the consolidated statements of net income (loss) and comprehensive income (loss).

Impairment of Long-lived Assets

Accumulated impairment charges on property, plant and equipment consist of the following:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021
Building and leasehold improvements	$	—	$	110,963	$	(1,786)	$	109,177
Machinery and equipment	—		3,939		(63)		3,876
Furniture and fixtures	—		625		(10)		615
Construction in progress	—		643		(10)		633
	$	—	$	116,170	$	(1,869)	$	114,301

There were no impairment charges on property, plant and equipment during the years ended December 31, 2020 and 2019.

During the fourth quarter of 2021, the Company concluded that indicators of impairment were present with respect to its Canadian asset group in connection with the potential wind down and closure of the Company’s facility in Stayner, Ontario, Canada happening in 2022. Refer to Note 18 “Subsequent Events” for further information. As a result, the Company compared the sum of the undiscounted future cash flows attributable to the Canadian asset group to their respective carrying amounts and recorded a non-cash impairment charge on long-lived assets of $113,917 as the difference between the carrying amount of the asset group and its estimated fair value for the year ended December 31, 2021, in the consolidated statements of net income (loss) and comprehensive income (loss).

During the second quarter of 2021, the Company recognized an impairment charge of $1,039 related to leasehold improvements located within leased premises, encompassing approximately 6,000 square feet, in Los Angeles, California, which the Company determined it no longer had plans to use. The significant change in the extent and manner in which the leasehold improvements are being used and the expectation that, more likely than not, the leasehold improvements will be disposed of before the end of their useful life triggered an impairment. The right-of-use lease asset associated with the leasehold improvements was also written down as a result of the Company’s decision to no longer use the leased premises. The Company recognized an impairment charge on the derecognition of the right-of-use asset of $702 during the year ended December 31, 2021. Both of the impairment charges described herein are recognized on the consolidated statements of net income (loss) and comprehensive income (loss) as an impairment loss on long-lived assets.

During the third quarter of 2021, in connection with the Company’s reassessment of indicators of impairment relating to the U.S. segment’s property, plant and equipment asset group for the quarter ended June 30, 2021, the Company concluded that triggers were present which indicated that the carrying amounts of those assets were not recoverable. Accordingly, the Company compared the sum of the undiscounted future cash flows attributable to the U.S. asset group (the lowest level for which identifiable cash flows are available) to their respective carrying amount and recorded a non-cash impairment charge on long-lived assets of $1,214 for the difference between the carrying amount of the asset group and its estimated fair values in the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

Goodwill and Intangible Assets, net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, net

(a)Goodwill

Goodwill is comprised of the following items:


	As of December 31, 2021
	Cost		Accumulated impairment charges		Net
Peace Naturals Project Inc. (“Peace Naturals”)	$	1,098	$	—	$	1,098
Redwood	213,414		(213,414)		—
	$	214,512	$	(213,414)	$	1,098


	As of December 31, 2020
	Cost		Accumulated impairment charges		Net
OGBC	$	307	$	(307)	$	—
Peace Naturals	1,108		—		1,108
Redwood	213,414		(35,000)		178,414
	$	214,829	$	(35,307)	$	179,522

Impairment of Goodwill

Accumulated impairment charges on goodwill consist of:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021


Redwood	$	(35,000)	$	(178,414)	$	—	$	(213,414)


	As of January 1, 2020		Impairment charges		Foreign exchange effect		As of December 31, 2020
OGBC(i)	$	—	$	(292)	$	(15)	$	(307)

Redwood	—		(35,000)		—		(35,000)
	$	—	$	(35,292)	$	(15)	$	(35,307)

(i)Impairment charges to OGBC goodwill were related to the discontinuation of OGBC and are included in other, net on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2020.

In 2019, the Company acquired (the “Redwood Acquisition”) all of the issued and outstanding shares of each of the four Redwood operating subsidiaries (collectively “Redwood”) for an aggregate consideration of $283,300, which included $227,191 in cash and 5,086,586 common shares of the Company with a fair value of $56,109. Goodwill attributable to the acquisition was $213,414. The Company is required to perform a quantitative analysis of goodwill to test for impairment on an annual basis or more frequently when events or changes in circumstances indicate that fair value of the reporting unit may be less than its carrying amount. Under ASC 350 Intangibles - Goodwill and Other, the qualitative assessment requires the consideration of factors such as recent market transactions, macroeconomic conditions, and changes in projected future cash flows or planned revenue or earnings of the reporting unit as indicators of impairment when determining the need for a quantitative assessment of impairment.

During the third quarter of 2021, the Company reassessed the existence of impairment indicators on goodwill associated with the U.S. reporting unit, derived from the Redwood Acquisition, and the Lord Jones® brand indefinite-lived intangible asset as of June 30, 2021, and determined that quantitative impairment analyses were required as of June 30, 2021 due to slower actual revenue growth as compared to previous revenue growth forecasts and significant pricing pressures brought about by increased competition and aggressive discounting in the U.S. reporting unit and associated with the Lord Jones® brand indefinite-lived intangible asset. As such, the Company reassessed its estimates and forecasts as of June 30, 2021, to determine the fair values of the reporting unit and intangible asset using a discounted cash flow method on the reporting unit and the relief-from-royalty method on the Lord Jones® brand. Significant inputs include discount rates, growth rates, and cash flow projections, and, for the Lord Jones® brand, royalty rate. These valuation inputs would be considered Level 3 inputs as defined by ASC 820 Fair Value Measurement. As a result of the analysis as of June 30, 2021, the Company concluded that the carrying amount of the U.S. reporting unit exceeded its fair value, which resulted in the recognition of an impairment charge of $178,414 on goodwill associated with the its U.S. reporting unit on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

In June 2020, the Company concluded that the projected impact of the COVID-19 pandemic on its sales and revenues in the near term, together with the volatility in the market conditions during the second quarter, represented indicators of impairment for the Company’s U.S. reporting unit. Accordingly, the Company performed an interim impairment analysis as of June 30, 2020, which revealed the carrying amount of the reporting unit exceeded its fair value. As a result, the Company recorded an impairment charge of $35,000 on goodwill associated with its U.S. reporting unit for the year ended December 31, 2020.

(b)Intangible assets, net

Intangible assets, net are comprised of the following items:


		As of December 31, 2021
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	5,644		$	(1,595)		$	(4)		$	4,045
Health Canada licenses		8,793			(1,883)			(6,910)			—
Ginkgo exclusive license(i, ii)		17,330			(335)			(4,752)			12,243
Israeli codes(iii)		330			(39)			—			291
Total definite-lived intangible assets		32,097			(3,852)			(11,666)			16,579
Lord Jones® brand		64,000			—			(62,500)			1,500
Trademarks		142			—			(142)			—
Total intangible assets		$	96,239		$	(3,852)		$	(74,308)		$	18,079


		As of December 31, 2020
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	4,565		$	(565)		$	—		$	4,000
Health Canada licenses		8,790			(1,465)			(1,053)			6,272
Israeli codes(iii)		322			(22)			—			300
Total definite-lived intangible assets		13,677			(2,052)			(1,053)			10,572
Lord Jones® brand		64,000			—			(5,000)			59,000
Trademarks		148			—			—			148
Total intangible assets		$	77,825		$	(2,052)		$	(6,053)		$	69,720

(i)In August 2021, the Company announced the achievement of the final productivity target in respect of cannabigerolic acid (“CBGA”), under the Ginkgo Collaboration Agreement. As a result of this achievement, on August 21, 2021, the Company issued 1,467,490 common shares at a share price of C$7.90 for total consideration given of C$11,593 ($9,042) to Ginkgo through the Ginkgo Collaboration Agreement for the achievement of commercialization and productivity milestones for CBGA. The estimated fair value of the exclusive license for CBGA (the “CBGA Exclusive License”) was $7,300 determined using a variation of the income approach called the relief-from-royalty method, which requires an estimate or forecast of the expected future cash flows. The definite-lived intangible asset is being amortized using the straight-line method over its estimated useful life of 10 years. The difference between the consideration paid to Ginkgo and the fair value of the exclusive license intangible asset of $1,784 was recognized as an impairment charge on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

(ii)In November, 2021, the Company achieved the final productivity target in respect of cannabigerovarinic acid (“CBGVA”), another of the eight target cannabinoids under the Ginkgo Collaboration Agreement. As a result of this achievement on November 12, 2021, the Company issued 1,467,490 common shares at a share price of C$7.12 for total consideration given of C$10,449 ($8,150) to Ginkgo. The estimated fair value of the exclusive license for CBGVA (the “CBGVA Exclusive License”) was $5,300 determined using a variation of the income approach called the relief-from-royalty method, which requires an estimate or forecast of the expected future cash flows. The definite-lived intangible asset is being amortized using the straight-line method over its estimated useful life of ten years. The difference between the consideration paid to Ginkgo and the fair value of the exclusive license intangible asset of $3,008 was recognized as an impairment charge on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

(iii)The Israeli codes were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities.

For the years ended December 31, 2021, 2020 and 2019, the aggregate amortization expense on intangible assets was $1,800, $814 and $646, respectively, and was included in depreciation and amortization in operating expenses on the consolidated statements of net income (loss) and comprehensive income (loss).

The estimated future amortization of definite-lived intangible assets is as follows:


	As of December 31, 2021
2022	$	2,365
2023	2,339
2024	2,315
2025	2,007
2026	1,394
Thereafter	6,159
	$	16,579

Impairment of Intangible Assets

Accumulated impairment charges on intangible assets, net consist of:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021
Software	$	—	$	(4)	$	—	$	(4)
Health Canada licenses	(1,053)		(5,951)		94		(6,910)
Ginkgo exclusive license	—		(4,792)		40		(4,752)
Lord Jones® brand	(5,000)		(57,500)		—		(62,500)
Trademarks	—		(142)		—		(142)
	$	(6,053)	$	(68,389)	$	134	$	(74,308)


	As of January 1, 2020		Impairment charges		Foreign exchange effect		As of December 31, 2020
Health Canada licenses	$	—	$	(1,001)	$	(52)	$	(1,053)

Lord Jones® brand	—		(5,000)		—		(5,000)
	$	—	$	(6,001)	$	(52)	$	(6,053)

During the fourth quarter of 2021, in connection with the expected wind down and closure of the Company’s facility in Stayner, Ontario, the Company determined that the Peace Naturals Health Canada license associated with ongoing use of the Stayner facility for cannabis cultivation and production was also impaired. Accordingly, the Company recorded an impairment loss on long-lived assets of $5,951 in the consolidated statements of net income (loss) and comprehensive income (loss) for the year end December 31, 2021. Impairment charges on the Company’s Health Canada licenses for the year ended December 31, 2020 are related to the discontinuation of OGBC.

As mentioned above, during third and fourth quarter of 2021, the fair value of each of the Company’s Ginkgo exclusive licenses for two cannabinoids that achieved productivity milestones were deemed to be lower than the consideration paid for each of those licenses. As a result, the Company recorded an aggregate impairment loss of $4,792 on long-lived assets for the year ended December 31, 2021 in the consolidated statements of net income (loss) and comprehensive income (loss).

During the third quarter of 2021, as a result of the reassessment of impairment indicators and interim impairment analysis as of June 30, 2021, as described above, the Company concluded the carrying amount of the Lord Jones® brand exceeded its fair value, which resulted in impairment charges of $56,500 on its Lord Jones® brand in the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021. Additionally, in the fourth quarter of 2021, due to the U.S. segment’s sustained operating losses and lack of revenue growth, the Company performed an additional impairment test on Lord Jones® brand intangible asset. As a result, the Company concluded the carrying amount of the Lord Jones® brand exceeded its fair value, which resulted in an additional impairment charge of $1,000 on its Lord Jones® brand for the year ended December 31, 2021 in the consolidated statements of net income (loss) and comprehensive income (loss).

In June 2020, the Company concluded that the projected impact of the COVID-19 pandemic on its sales and revenues in the near term, together with the volatility in the market conditions during the quarter, represented indicators of impairment for the U.S. reporting unit’s Lord Jones® brand. Accordingly, the Company performed an interim impairment analysis as of June 30, 2020, which concluded the carrying amount of the brand exceeded its fair value. As a result of the analysis, the Company recorded an impairment loss on indefinite-lived intangible assets of $5,000 on the consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2020.

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

The Company has entered into leases primarily for the land-use rights, office premises and equipment used in the production of cannabis, U.S. hemp-derived cannabinoids and other related products. The Company’s leases have terms which range from three years to six years, excluding land use rights, which generally extend to 15 years. These leases often include options to extend the term of the lease for up to 10 years. When it is reasonably certain that the option will be exercised, the impact of the option is included in the lease term for purposes of determining total future lease payments.

Operating leases greater than one year are included in right-of-use assets and operating lease liabilities. Finance leases are included in property, plant and equipment on the Company’s consolidated balance sheet. The Company’s finance leases were not material for any of the periods presented.


	As of December 31,
	2021			2020
Lease cost
Operating lease cost	$	2,530		$	2,479
Short-term lease cost	10			60
Total lease cost	$	2,540		$	2,539

Supplemental cash flow and other information
Operating cash flows - cash paid for operating lease obligations	$	2,458		$	2,414
Non-cash activity - right-of-use assets obtained in exchange for lease obligations	3,277			5,332

Weighted-average remaining lease term (years) – operating leases	4.3			5.5
Weighted-average discount rate – operating leases	7.65		%	8.86		%

For the years ended December 31, 2021, 2020 and 2019, the aggregate depreciation expense on right-of-use assets was $1,934, $1,310 and $480, respectively, and was included in general and administrative expenses on the consolidated statements of net income (loss) and comprehensive income (loss). During the year ended December 31, 2021, the Company recognized impairment charges of $702 related to the derecognition of an unutilized right-of-use asset in the U.S. segment.

The following is a summary of the Company’s future minimum lease payments under operating leases for its premises due in future fiscal years:


	As of December 31, 2021
2022	$	2,778
2023	2,339
2024	2,095
2025	1,883
2026	882
Thereafter	686
Total lease payments	10,663
Less: imputed interest	(857)
Present value of lease liabilities	$	9,806

In addition to the minimum lease payments, the Company is required to pay realty taxes and other occupancy costs in accordance with the terms of the lease agreements.

Derivative Liabilities

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Liabilities

On March 8, 2019, the Company closed the previously announced investment in the Company (the “Altria Investment”) by Altria Group Inc. (“Altria”), pursuant to a subscription agreement dated December 7, 2018. As of the closing date of the Altria Investment, the Altria Investment consisted of 149,831,154 common shares of the Company and one warrant of the Company (the “Altria Warrant”), issued to a wholly owned subsidiary of Altria. As of the closing date of the Altria Investment, Altria beneficially held an approximate 45% ownership interest in the Company (calculated on a non-diluted basis). As summarized in this note, if exercised in full on such date, the exercise of the Altria Warrant would have resulted in Altria holding a total ownership interest in the Company of approximately 55% (calculated on a non-diluted basis). As of December 31, 2021, Altria beneficially held 156,573,537 of the Company’s common shares, an approximate 42% ownership interest in the Company (calculated on a non-diluted basis). As summarized in this note, if exercised in full on such date, the exercise of the Altria Warrant would have resulted in Altria holding a total ownership interest in the Company of approximately 52% (calculated on a non-diluted basis). Pursuant to the investor rights agreement between the Company and Altria, entered into in connection with the closing of the Altria Investment (the “Investor Rights Agreement”), the Company granted Altria certain rights, among others, summarized in this note.

The summaries below are qualified entirely by the terms and conditions fully set out in the Investor Rights Agreement and the Altria Warrant, as applicable.

a.The Altria Warrant entitles the holder, subject to certain qualifications and limitations, to subscribe for and purchase up to an additional 10% of the common shares of Cronos (83,322,820 common shares as of December 31, 2021) at a per share exercise price of C$19.00, which expires on March 8, 2023.

b.The Company granted to Altria, subject to certain qualifications and limitations, upon the occurrence of certain issuances of common shares of the Company executed by the Company (including issuances pursuant to the research and development (“R&D”) partnership with Ginkgo, (refer to Note 9 “Commitments and Contingencies”), the right to purchase up to such number of common shares of the Company in order to maintain their ownership percentage of issued and outstanding common shares of the Company immediately preceding any issuance of shares by the Company (“Pre-emptive Rights”), at the same price per common share of the Company at which the common shares are sold in the relevant issuance; provided that if the consideration paid in connection with any such issuance is non-cash, the price per common share of the Company that would have been received had such common shares been issued for cash consideration will be determined by an independent committee (acting reasonably and in good faith); provided further that the price per common share of the Company to be paid by Altria pursuant to its exercise of its Pre-emptive Rights related to the Ginkgo Collaboration Agreement will be C$16.25 per common share. These rights may not be exercised if Altria’s ownership percentage of the issued and outstanding shares of the Company falls below 20%.

c.In addition to (and without duplication of) the Pre-emptive Rights, the Company granted to Altria, subject to certain qualifications and limitations, the right to subscribe for common shares of the Company issuable in connection with the exercise, conversion or exchange of convertible securities of the Company issued prior to March 8, 2019 or thereafter (excluding any convertible securities of the Company owned by Altria or any of its subsidiaries), a share incentive plan of the Company, the exercise of any right granted by the Company pro rata to all shareholders of the Company to purchase additional common shares and/or securities of the Company, bona fide bank debt, equipment financing or non-equity interim financing transactions that contemplate an equity component or bona fide acquisitions (including acquisitions of assets or rights under a license or otherwise), mergers or similar business combination transactions or joint ventures involving the Company in order to maintain their ownership percentage of issued and outstanding common shares of the Company immediately preceding any such transactions (“Top-up Rights”).

The price per common share to be paid by Altria pursuant to the exercise of its Top-up Rights will be, subject to certain limited exceptions, the 10-day volume-weighted average price of the common shares of the Company on the TSX for the 10 full days preceding such exercise by Altria; provided that the price per common share of the Company to be paid by Altria pursuant to the exercise of its Top-up Rights in connection with the issuance of common shares of the Company pursuant to the exercise of options or warrants that were outstanding as of March 8, 2019 will be C$16.25 per common share without any set off, counterclaim, deduction, or withholding. These rights may not be exercised if Altria’s ownership percentage of the issued and outstanding shares of the Company falls below 20%. The Altria Warrant, Pre-emptive Rights, and fixed price Top-up Rights have been classified as derivative liabilities.

A reconciliations of the carrying amounts of the derivative liability are presented below:


	As of January 1, 2021		Gain on revaluation		Exercise of Rights		Foreign exchange effect		As of December 31, 2021
(a) Altria Warrant	$	138,858	$	(127,099)	$	—	$	1,961	$	13,720
(b) Pre-emptive Rights	12,095		(12,102)		—		187		180
(c) Top-up Rights	12,457		(12,159)		—		177		475
	$	163,410	$	(151,360)	$	—	$	2,325	$	14,375


	As of January 1, 2020		Gain on revaluation		Exercise of Rights		Foreign exchange effect		As of December 31, 2020
(a) Altria Warrant	$	234,428	$	(95,045)	$	—	$	(525)	$	138,858
(b) Pre-emptive Rights	12,787		(885)		—		193		12,095
(c) Top-up Rights	49,945		(33,324)		(3,227)		(937)		12,457
	$	297,160	$	(129,254)	$	(3,227)	$	(1,269)	$	163,410

Fluctuations in the Company’s share price are a primary driver for the changes in the derivative valuations during each reporting period. As the share price decreases for each of the related derivative instruments, the liability of the instrument generally decreases. Share price is one of the significant observable inputs used in the fair value measurement of each of the Company’s derivative instruments.

The fair values of the derivative liabilities were determined using the Black-Scholes pricing model using the following inputs:


	As of December 31, 2021
	Altria Warrant	Pre-emptive Rights	Top-up Rights
Share price at grant date (per share in C$)	$4.98	$4.98	$4.98
Subscription price (per share in C$)	$19.00	$16.25	$16.25
Weighted average risk-free interest rate(i)	0.79%	0.39%	0.50%
Weight average expected life (in years)(ii)	1.18	0.50	0.80
Expected annualized volatility(iii)	80%	80%	80%
Expected dividend yield	—%	—%	—%


	As of December 31, 2020
	Altria Warrant	Pre-emptive Rights	Top-up Rights
Share price at grant date (per share in C$)	$8.84	$8.84	$8.84
Subscription price (per share in C$)	$19.00	$16.25	$16.25
Weighted average risk-free interest rate(i)	0.21%	0.17%	0.13%
Weight average expected life (in years)(ii)	2.18	1.50	0.98
Expected annualized volatility(iii)	81%	81%	81%
Expected dividend yield	—%	—%	—%

(i) The risk-free interest rate was based on Bank of Canada government treasury bills and bonds with a remaining term equal to the expected life of the derivative liabilities. As of December 31, 2021 and December 31, 2020, the risk-free interest rate uses a range of approximately 0.16% to 1.10% and 0.10% to 0.39%, respectively, for the Pre-emptive Rights and Top-up Rights.

(ii) The expected life represents the period of time, in years, that the derivative liabilities are expected to be outstanding. The expected life of the Pre-emptive Rights and Top-up Rights is determined based on the expected term of the underlying options, warrants, and shares, to which the Pre-emptive Rights and Top-up Rights are linked. As of December 31, 2021 and December 31, 2020, the expected life uses a range of approximately 0.25 years to 3.75 years and 0.50 years to 5 years, respectively.

(iii) Volatility was based on an equally weighted blended historical and implied volatility level of the underlying equity securities of the Company as of December 31, 2021. As of December 31, 2020, volatility was based on the blended historical volatility levels of the Company and peer companies.

The following table quantifies each of the significant inputs described above and provides a sensitivity analysis of the impact on the reported values of the derivative liabilities. The sensitivity analysis for each significant input is performed by assuming a 10% decrease in the input while other significant inputs remain constant at management’s best estimate as of the respective dates. While a decrease in the inputs noted below would cause a decrease in the carrying amount of the derivative liability, there would also be an equal and opposite impact on net income (loss).


	10% decrease as of December 31, 2021
	Altria Warrant		Pre-emptive Rights		Top-up Rights
Share price at issuance date	$	3,970	$	80	$	123
Weighted average expected life	2,971		171		133
Expected annualized volatility	5,402		96		155


	10% decrease as of December 31, 2020
	Altria Warrant		Pre-emptive Rights		Top-up Rights
Share price at issuance date	$	25,819	$	2,527	$	2,989
Weighted average expected life	13,541		1,988		2,121
Expected annualized volatility	26,183		2,269		2,602

These inputs are classified in Level 3 on the fair value hierarchy and are subject to volatility and several factors outside the Company’s control, which could significantly affect the fair value of these derivative liabilities in future periods.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a)Commitments R&D commitments (i) Ginkgo. On September 4, 2018, the Company announced an R&D partnership with Ginkgo to develop scalable and consistent production of eight target cannabinoids, including THC, CBD and a variety of other lesser known and rarer cannabinoids. As part of this partnership, Cronos Group has agreed to issue up to 14,674,903 common shares of the Company (aggregate value of approximately $100,000 as of July 17, 2018 assuming all milestones are met, collectively the “Ginkgo Equity Milestones”) in tranches and $22,000 in cash subject to Ginkgo’s achievement of certain milestones and to fund certain R&D expenses, including foundry access fees. During the year ended December 31, 2021, 2,934,980 shares of the Company’s common stock were issued in conjunction with this partnership. No shares were issued for the years ended December 31, 2020 or December 31, 2019. (ii) Technion. On October 15, 2018, the Company entered into a sponsored research agreement with the Technion Research and Development Foundation of the Technion – Israel Institute of Technology (“Technion”). Research was focused on the use of cannabinoids and their role in regulating skin health and skin disorders. This research was conducted by Technion over a three-year period and concluded during the fourth quarter of 2021. During the year ended December 31, 2021, the Company funded $60 of cash payments related to this agreement. The Company had no further funding requirements as of December 31, 2021. On February 18, 2019, the Company entered into an agreement with a wholly owned subsidiary of Altria (which agreement was subsequently amended and restated to substitute Altria Pinnacle as a party thereto), to receive strategic advisory and project management services from Altria Pinnacle (the “Services Agreement”). Pursuant to the Services Agreement, the Company will pay Altria Pinnacle a monthly fee equal to the product of 105% and the sum of: (i) all costs directly associated with the services incurred during the monthly period, and (ii) a reasonable and appropriate allocation of indirect costs incurred during the monthly period. The Company will also pay all third party direct charges incurred during the monthly period in connection with the services, including any reasonable and documented costs, fees and expenses associated with obtaining any consent, license or permit. The Services Agreement will remain in effect until terminated by either party. See Note 15 “Related Party Transactions.” Use of publicity rights in brand development On December 23, 2019, the Company issued 856,017 restricted common shares to Kristen Bell, an accredited investor, in a private placement (“Private Placement”) in reliance on Section 4(a)(2) of the Securities Act of 1933 in connection with the use of certain publicity rights in the brand development of Happy Dance®. One-third of such common shares vested on January 31, 2020 and an additional one-third of such common shares vested on June 23, 2021, with the remaining shares vesting on December 23, 2022. The issuance did not involve a public offering and was made without general solicitation or advertising. The total fair value of the consideration paid for the issuance of such common shares was approximately $6,000. The fair value of the shares was calculated using the 10-day volume weighted average price per share of the Company’s common shares on Nasdaq. Additional restricted common shares are issued when certain performance milestones are achieved: (i) First Performance Issuance: if, prior to December 23, 2022, the product line generates at least $50,000 in net revenue, additional common shares with an aggregate value of $1,000 will be issued; and (ii) Second Performance Issuance: if, prior to December 23, 2022, the product line generates at least $100,000 in net revenue, additional common shares with an aggregate value of $1,000 will be issued (together with the First Performance Issuance noted above). The number of common shares that would be issued upon achieving the foregoing milestones will be determined based on the 10-day volume weighted average price per share of the Company’s common shares on Nasdaq as of the trading day immediately prior to the date of filing with the Securities and Exchange Commission of the Company’s audited year-end financial statements for the first fiscal year during which such milestones are achieved. (b)Contingencies The Company is subject to various legal proceedings in the ordinary course of its business and in connection with its marketing, distribution and sale of its products. Many of these legal proceedings are in the early stages of litigation and seek damages that are unspecified or not quantified. Although the outcome of these matters cannot be predicted with certainty, the Company does not believe these legal proceedings, individually or in the aggregate, will have a material adverse effect on its consolidated financial condition but could be material to its results of operations for any particular reporting period depending, in part, on its results for that period. Class action complaints relating to restatement of 2019 interim financial statements On March 11 and 12, 2020, two alleged shareholders of the Company separately filed two putative class action complaints in the U.S. District Court for the Eastern District of New York against the Company and its former Chief Executive Officer (now Executive Chairman) and now former Chief Financial Officer. The court has consolidated the cases, and the consolidated amended complaint alleges violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder against all defendants, and Section 20(a) of the Exchange Act against the individual defendants. The consolidated amended complaint generally alleges that certain of the Company’s prior public statements about revenues and internal control were incorrect based on the Company’s disclosures relating to the Audit Committee of the Board of Directors’ (the “Board”) review of the appropriateness of revenue recognized in connection with certain bulk resin purchases and sales of products through the wholesale channel. The consolidated amended complaint does not quantify a damage request. Defendants moved to dismiss on February 8, 2021. On June 3, 2020, an alleged shareholder filed a Statement of Claim, as amended on August 12, 2020, in the Ontario Superior Court of Justice in Toronto, Ontario, Canada, seeking, among other things, an order certifying the action as a class action on behalf of a putative class of shareholders and damages of an unspecified amount. The Amended Statement of Claim names (i) the Company, (ii) its former Chief Executive Officer (now Executive Chairman), (iii) now former Chief Financial Officer, (iv) former Chief Financial Officer and Chief Commercial Officer, and (v) current and former members of the Board as defendants and alleges breaches of the Ontario Securities Act, oppression under the Ontario Business Corporations Act and common law misrepresentation. The Amended Statement of Claim generally alleges that certain of the Company’s prior public statements about revenues and internal control were misrepresentations based on the Company’s March 2, 2020 disclosure that the Audit Committee of the Board was conducting a review of the appropriateness of revenue recognized in connection with certain bulk resin purchases and sales of products through the wholesale channel, and the Company’s subsequent restatement. The Amended Statement of Claim does not quantify a damage request. On June 28, 2021, the Court dismissed motions brought by the plaintiff for leave to commence a claim for misrepresentation under the Ontario Securities Act and for certification of the action as a class action. The plaintiff has appealed the Court’s dismissal of the motions only with respect to the Company, the former Chief Executive Officer (now Executive Chairman), and the now former Chief Financial Officer; the remaining defendants were dismissed from the matter with prejudice and the Company and all individual defendants agreed not to seek costs from plaintiff in connection with the dismissal of the motions. Regulatory reviews relating to restatements The Company has been responding to requests for information from various regulatory authorities relating to its previously disclosed restatement of its financial statements for the first three quarters of 2019 as well as the previously disclosed restatement of the second quarter of 2021 interim financial statements. The Company is responding to all such requests for information and cooperating with all regulatory authorities. The Company cannot predict the outcome of any such regulatory review or investigation, and it is possible that additional investigations or one or more formal proceedings may be commenced against the Company and its current and former officers and directors in connection with these regulatory reviews and investigations. Litigation relating to marketing, distribution and sale of products On June 16, 2020, an alleged consumer filed a Statement of Claim on behalf of a class in the Court of Queen’s Bench of Alberta in Alberta, Canada, against the Company and other Canadian cannabis manufacturers and/or distributors. On December 4, 2020, a Third Amended Statement of Claim was filed, which added a second alleged consumer. The Third Amended Statement of Claim alleges claims related to the defendants’ advertised content of cannabinoids in cannabis products for medicinal use on or after June 16, 2010 and cannabis products for adult use on or after October 17, 2018. The Third Amended Statement of Claim seeks a total of C$500 million for breach of contract, compensatory damages, and unjust enrichment or such other amount as may be proven in trial and C$5 million in punitive damages against each defendant, including the Company. The Third Amended Statement of Claim also seeks interest and costs associated with the action. The Company has not responded to the Third Amended Statement of Claim. On January 31, 2022, upon consent of the Company and the plaintiffs, the court dismissed the case in its entirety as to the Company. A number of claims, including purported class actions, have been brought in the U.S. against companies engaged in the U.S. hemp business alleging, among other things, violations of state consumer protection, health and advertising laws. On April 8, 2020, a putative class action complaint was filed in the U.S. District Court for the Central District of California against Redwood, alleging violations of California’s Unfair Competition Law, False Advertising Law, Consumers Legal Remedies Act, and breaches of the California Commercial Code for breach of express warranties and implied warranty of merchantability with respect to Redwood’s marketing and sale of U.S. hemp products. The complaint did not quantify a damage request. On April 10, 2020, the class action complaint was dismissed for certain pleading deficiencies and the plaintiff was granted leave until April 24, 2020 to amend the complaint to establish federal subject matter jurisdiction. On April 28, 2020, the action was dismissed without prejudice for failure to prosecute and for failure to comply with a court order. As of the date of this Annual Report, the plaintiff has not refiled the complaint. The Company expects litigation and regulatory proceedings relating to the marketing, distribution and sale of its products to increase.

Share-based Payments

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-based Payments

(a)Share-based award plans

The Company has granted stock options, RSUs and DSUs to employees and non-employee directors under the Stock Option Plan dated May 26, 2015 (the “2015 Stock Option Plan”), the 2018 Stock Option Plan dated June 28, 2018 (the “2018 Stock Option Plan” and, together with the 2015 Stock Option Plan, the “Prior Option Plans”), the Employment Inducement Award Plan #1 (the “Employment Inducement Award Plan”), the 2020 Omnibus Equity Incentive Plan dated March 29, 2020 (the “2020 Omnibus Plan”) and the DSU plan dated August 10, 2019 (the “DSU Plan”). The Company can no longer make grants under the Prior Option Plans or the Employment Inducement Award Plan.

The following table summarizes the total share-based payments associated with the Company’s stock options and RSUs:


	Year ended December 31,
	2021		2020		2019
Stock options	$	7,604	$	7,185	$	11,619
RSUs	2,547		8,176		889
Total share-based payments	$	10,151	$	15,361	$	12,508

(b)Stock options

The Company adopted the 2015 Stock Option Plan, which was approved by shareholders of the Company at the annual general meeting of shareholders held on June 28, 2017. The 2015 Stock Option Plan allowed the Board to award options to purchase shares to directors, officers, key employees and service providers of the Company. As of June 28, 2018, no further awards will be granted under the 2015 Stock Option Plan; however, shares may be purchased via option exercise by the holders of any outstanding options previously issued under the 2015 Stock Option Plan.

On June 28, 2018, the shareholders of the Company approved the 2018 Stock Option Plan, which replaced the 2015 Stock Option Plan. The 2018 Stock Option Plan terminated the Company’s ability to grant equity under the 2015 Stock Option Plan. As of June 25, 2020, the date on which the 2020 Omnibus Plan was approved by the shareholders of the Company, no further awards will be granted under the 2018 Stock Option Plan; however, shares may be purchased via option exercise by the holders of any outstanding options previously issued under the 2018 Stock Option Plan.

On March 29, 2020, the Board adopted the 2020 Omnibus Plan, which was approved by the shareholders of the Company at the annual and special meeting of shareholders held on June 25, 2020. The 2020 Omnibus Plan provides for grants of stock options, share appreciation rights, restricted shares, RSUs and other share-based or cash-based awards, which are subject to terms as determined by the Compensation Committee of the Board (the “Compensation Committee”), and awards may be granted to eligible employees, non-employee directors and consultants. The 2020 Omnibus Plan terminated the Company’s ability to grant equity awards under the 2018 Stock Option Plan and RSUs under the Employment Inducement Award Plan.

Options represent the right to purchase Company common shares on the date of exercise at a stated exercise price. The exercise price of an option generally must be at least equal to the fair market value of the Company common shares on the date of grant. Vesting conditions for grants of options are determined by the Compensation Committee. The typical vesting for stock option grants is quarterly vesting over three to five years. The maximum term of options granted under the 2020 Omnibus Plan is seven years. Participants under the 2020 Omnibus Plan are eligible to be granted options to purchase shares at an exercise price established upon approval of the grant by the Compensation Committee. When options are granted, the exercise price is, with respect to a particular date, the closing price as reported by the TSX or the Nasdaq and, if the shares are not traded on the TSX or the Nasdaq, any other stock exchange on which the Company’s common shares are traded (as selected by the Compensation Committee in good faith taking into account applicable legal and tax requirements) on the immediately preceding trading day (the “Fair Market Value”). The 2020 Omnibus Plan does not authorize grants of options with an exercise price below the Fair Market Value.

The following is a summary of the changes in options:


	Weighted average exercise price (C$)(i)		Number of options	Weighted average remaining contractual term (years)
Balance as of January 1, 2021	$	5.40	13,755,148	2.30
Issuance of options	9.19		900,000
Exercise of options	2.11		(5,598,695)
Cancellation, forfeiture and expiry of options	12.37		(117,123)
Balance as of December 31, 2021	$	7.75	8,939,330	2.70
Exercisable at December 31, 2021	$	6.69	5,836,616	1.37


	Weighted average exercise price (C$)(i)		Number of options	Weighted average remaining contractual term (years)
Balance as of January 1, 2020	$	4.84	14,149,502	2.56
Issuance of options	6.96		2,000,000
Exercise of options	2.03		(2,131,939)
Cancellation, forfeiture and expiry of options	14.34		(262,415)
Balance as of December 31, 2020	$	5.40	13,755,148	2.30
Exercisable at December 31, 2020	$	3.75	9,643,682	1.34

(i)The weighted average exercise price reflects the conversion of foreign currency-denominated stock options translated into C$ using the average foreign exchange rate as of the date of issuance.

For the years ended December 31, 2021 and 2020, the fair value per option at grant date was C$6.39 and C$4.84, respectively. The fair value of the options issued during the year was determined using the Black-Scholes option pricing model, using the following inputs:


	2021	2020
Share price at grant date (per share)	C$9.19	C$6.96
Exercise price (per option)	C$9.19	C$6.96
Risk-free interest rate	1.39%	0.43%
Expected life of options (in years)(i)	7	5
Expected annualized volatility	75%	91%
Expected dividend yield	—	—
Weighted average Black-Scholes value at grant date (per option)	C$6.39	C$4.84
Forfeiture rate	—	—

(i)The expected life of the awards represents the period of time options are expected to be outstanding and is estimated considering vesting terms and employees’ and non-employees’ historical exercise and, where relevant, post-vesting employment termination behavior. Volatility was estimated by using the historical volatility of the Company’s share price, adjusted for the Company’s expectation of volatility going forward. The risk-free interest rate was based on the Bank of Canada government bonds with a remaining term equal to the expected life of the options at the grant date.

The following table summarizes stock options outstanding:


	Options outstanding as of December 31,
	2021	2020	2019
2020 Omnibus Plan	2,900,000	2,000,000	—
2018 Stock Option Plan	1,550,074	1,627,715	1,817,287
2015 Stock Option Plan	4,489,256	10,127,433	12,332,215
Total stock options outstanding	8,939,330	13,755,148	14,149,502

(c)Restricted share units

RSUs are granted under the 2020 Omnibus Plan. RSUs represent an equivalent amount of Company common shares on the date of issuance at fair value. Fair value is determined using the closing price of the trading day immediately preceding the date of grant. RSUs issued under the 2020 Omnibus Plan typically vest over a three-year period following the grant date and have no performance requirements.

On July 20, 2020, the Company entered into separation agreements with Robert Rosenheck and another Redwood employee pursuant to which they resigned from their employment with Redwood. In connection with such separation agreements, 732,972 outstanding and unvested RSUs granted under the Employment Inducement Award Plan were accelerated and vested during the year ended December 31, 2020.

The following is a summary of the changes in RSUs:


	Weighted average grant date fair value (C$)(ii)		Number of RSUs
Balance at January 1, 2021	$	7.66	948,357
Granted(i)	11.06		576,876
Vested and issued	7.57		(158,178)
Cancellation and forfeitures	8.03		(141,185)
Balance at December 31, 2021	$	9.22	1,225,870


	Weighted average grant date fair value (C$)(ii)		Number of RSUs
Balance at January 1, 2020	$	15.34	732,972
Granted(i)	7.66		957,854
Vested and issued	15.34		(732,972)
Cancellation and forfeitures	7.52		(9,497)
Balance at December 31, 2020	$	7.66	948,357

(i)RSUs granted in the period vest annually in equal installments over a three-year period from either the grant date or after a three or five year “cliff-period.” All RSUs are subject to such holder’s continued employment through each vesting date. The vesting of such RSUs is not subject to the achievement of any performance criteria.

(ii)The weighted-average grant date fair value reflects the conversion of foreign currency-denominated RSUs translated into C$ using the foreign exchange rate as of the date of issuance.

(d)Deferred share units

On August 10, 2019, the Company established the DSU Plan pursuant to which its non-executive directors receive DSUs for Board services. The DSU Plan is designed to promote a greater alignment of long-term interests between non-executive directors and shareholders. The number of DSUs granted under the DSU Plan (including fractional DSUs) is determined by dividing the amount of remuneration payable by the closing price as reported by the TSX on the trading day immediately preceding the date of grant. DSUs are payable at the time a non-executive director ceases to hold the office of director for any reason and are settled by a lump-sum cash payment, in accordance with the terms of the DSU Plan, based on the fair value of the DSUs at such time. The fair value of the cash payout is determined by multiplying the number of DSUs vested at the payout date by the closing price as reported by the TSX on the trading day immediately preceding the payout date. The fair value of the cash payout is determined at each reporting date based on the fair value of the Company’s common shares at the reporting date and is recorded within other liabilities.

The following is a summary of the changes in DSUs:


	Financial liability		Number of DSUs
Balance at January 1, 2021	$	577	83,293
Granting and vesting of DSUs	354		48,913
Liabilities settled	(203)		(27,764)
Gain on revaluation	(320)		—
Balance at December 31, 2021	$	408	104,442


	Financial liability		Number of DSUs
Balance at January 1, 2020	$	255	$	33,397
Granting and vesting of DSUs	338		58,380
Liabilities settled	(46)		(8,484)
Loss on revaluation	30		—
Balance at December 31, 2020	$	577	$	83,293

(e)Warrants

The following is a summary of the changes in warrants:


	Weighted average exercise price (C$)		Number of warrants
Balance as of January 1, 2021	$	0.25	7,987,349
Exercise of warrants	0.25		(7,987,349)
Balance as of December 31, 2021	$	—	—


	Weighted average exercise price (C$)		Number of warrants
Balance as of January 1, 2020	$	0.26	18,066,662
Exercise of warrants	0.27		(10,079,313)

Balance as of December 31, 2020	$	0.25	7,987,349

As of December 31, 2021, there are no warrants outstanding other than the Altria Warrant. See Note 8 “Derivative Liabilities” for further description of the Altria Warrant.

Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

For financial reporting purposes, income (loss) from continuing operations before income taxes includes the following components:


	Year ended December 31,
	2021		2020		2019
Rest of World	$	(116,267)	$	12,679	$	1,169,007
United States	(280,868)		(85,952)		(3,070)
Total	$	(397,135)	$	(73,273)	$	1,165,937

The loss before income taxes above excludes losses from discontinued operations of $500, $650 and $363 for the year ended December 31, 2021, 2020 and 2019, respectively.

Income tax expense (benefit) consists of the following components:


	Year ended December 31,
	2021		2020		2019
Current:
Rest of World	$	(382)	$	1,024	$	—
United States	(89)		323		—
Total	$	(471)	$	1,347	$	—
Deferred:
Rest of World	$	40	$	—	$	—
United States	—		—		—
Total	$	40	$	—	$	—

Included in accounts payable and other liabilities as of December 31, 2021, 2020 and 2019 is $105, $865 and $nil, respectively, related to current income tax expense. Included in other receivables as of December 31, 2021, 2020 and 2019 is $543, $nil and $nil, respectively, related to current income tax benefits. Income tax differs from that computed using the combined Canadian federal and provincial statutory income tax rate of 26.5%.

Reconciliation of the expected income tax to the effective tax rate in continuing operations is as follows:


	Year ended December 31,
	2021			2020			2019
Income (loss) before income taxes	$	(397,135)		$	(73,273)		$	1,165,937
Effective income tax rate	26.5		%	26.5		%	26.5		%
Expected income tax expense (benefit)	$	(105,241)		$	(19,417)		$	308,973

Non-taxable income	39			(711)			(2,156)
Non-deductible share-based compensation	1,667			2,498			2,839
Non-deductible expenses	53			1,364			764
Non-deductible transaction costs	2,917			3,146			1,523
Effect of provincial tax rate difference	(1)			(15)			(44)
Effect of tax rates outside of Canada	(1,869)			(362)			70
Fair value gain on financial liabilities	(40,111)			(34,250)			(338,409)
Changes in valuation allowance	141,639			48,227			25,808
Other	476			867			632
Income tax expense (benefit), net	$	(431)		$	1,347		$	—

The valuation allowance recorded against the loss on discontinued operations is not reflected in the effective tax rate reconciliation presented above for continuing operations.

The following table summarizes the significant components of the Company’s deferred tax assets and liabilities:


	As of December 31,
	2021		2020
Deferred assets:
Tax loss carryforwards	$	111,373	$	67,476
Interest expense carryforwards	1,047		1,407
Deferred financing costs	2,788		4,233
Share issuance cost	834		1,573
Finance lease obligation	1,847		1,953
Plant and equipment	38,119		5,945
Investment	900		307
Intangible asset	65,088		4,218
Reserve	3,633		1,858
Other	1,450		570
Total deferred tax assets	227,079		89,540
Less valuation allowance	(224,776)		(85,935)
Net deferred tax assets	2,303		3,605
Deferred tax liabilities:




Health Canada license	—		(1,662)
Right-of-use assets	(1,860)		(1,943)
Unrealized foreign exchange	(483)		—
Total deferred tax liabilities	(2,343)		(3,605)
Net deferred tax liability	$	(40)	$	—

The realization of deferred tax assets is dependent on the Company’s generating sufficient taxable income in the years that the temporary differences become deductible. A valuation allowance has been provided for the deferred tax assets that the Company determined did not meet the more-likely-than-not recognition threshold under U.S. GAAP.

As of December 31, 2021, the Company had net operating losses in Canada, the U.S., and Israel available to offset future years’ taxable income of approximately $276,497, $117,983, and $24,843, respectively. As of December 31, 2020, the Company had net operating losses in Canada, the U.S., and Israel available to offset future years’ taxable income of approximately $177,651, $62,851, and $14,042, respectively. The net operating losses in Canada will begin to expire, for purposes of carryforward, in fiscal year 2033. The net operating losses in the U.S. can be carried forward indefinitely for federal purposes. The net operating losses in Israel can be carried forward indefinitely.

Utilization of the net operating loss carryforwards may be subject to limitations under the tax laws applicable in each tax jurisdiction due to ownership changes that could occur in the future. These ownership changes could limit the amount of net operating loss carryforwards and other deferred tax assets that can be utilized to offset future taxable income and tax expense. Specifically, if Altria exercises its warrant the Company would recognize a change in control event and certain Canadian net operating loss carryforwards may be limited. Due to the existence of the valuation allowance, limitations created by ownership changes, if any, will not impact the Company’s effective tax rate.

The Company files federal income tax returns in Canada, Israel and the U.S. The Company has open tax years with the taxation jurisdictions. These open years contain certain matters that could be subject to differing interpretations of applicable tax laws and regulations and tax treaties, as they relate to the amount, timing, or inclusion of revenue and expense. As of December 31, 2021, Peace Naturals is under examination with the Canadian Reserve Agency for tax years 2019 and 2020.


Jurisdiction						Open Years
Canada						2016 – 2021
United States						2019 – 2021
Israel						2018 – 2021

The following table outlines the movements in the valuation allowance:


	Balance at beginning of year		Foreign exchange effect		Increase		Balance at end of year
Year ended December 31, 2021	$	(85,935)	$	2,798	$	(141,639)	$	(224,776)
Year ended December 31, 2020	(36,948)		(693)		(48,294)		(85,935)

As of December 31, 2021 and December 31, 2020, the Company recorded a valuation allowance of $224,776 and $85,935, respectively. The valuation allowance increased by $141,639 and $48,294 during the years ended December 31, 2021 and December 31, 2020, respectively. The increase in the valuation allowance during the years ended December 31, 2021 and December 31, 2020 was primarily due to an increase in net operating loss carryforwards.

Accounting guidance clarifies the accounting for uncertain tax positions and prescribes a recognition threshold and measurement process for recording in the financial statements uncertain tax positions taken or expected to be taken in a tax return. Additionally, the authoritative guidance addresses the derecognition, classification, accounting in interim periods and disclosure requirements for uncertain tax positions. Only tax positions that meet the more-likely-than-not recognition threshold may be recognized. There were no identified unrecognized tax benefits as of December 31, 2021 or December 31, 2020.

As of December 31, 2021 and 2020, deferred income taxes have not been provided for any undistributed earnings from operations outside of Canada. The foreign subsidiaries have accumulated losses and as such the amount of undistributed earnings upon which income taxes have not been provided is immaterial to these consolidated financial statements.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Segment Information and Disaggregated Net Revenue

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information and Disaggregated Net Revenue

Segment reporting is prepared on the same basis that the Company’s chief operating decision makers (the “CODMs”) manage the business, make operating decisions and assess the Company’s performance. For the years ended December 31, 2021 and December 31, 2020, the Company determined that it has the following two reportable segments: United States and Rest of World. The United States operating segment consists of the manufacture and distribution of U.S. hemp-derived CBD infused products. The Rest of World operating segment is involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. These two segments represent the geographic regions in which the Company operates and the different product offerings within each geographic region. The results of each segment are regularly reviewed by the CODMs to assess the performance of the segment and make decisions regarding the allocation of resources. The CODMs review adjusted earnings (loss) before interest, tax, depreciation and amortization (“Adjusted EBITDA”) as the measure of segment profit or loss to evaluate performance of and allocate resources for its reportable segments. Adjusted EBITDA is defined as earnings before interest, tax, depreciation, non-cash items and items that do not reflect management’s assessment of ongoing business performance.

The tables below set forth our consolidated results of operations by segment:


	Year ended December 31, 2021
	United States		Rest of World		Corporate		Total
Cannabis flower	$	—	$	55,194	$	—	$	55,194
Cannabis extracts	9,874		8,807		—		18,681
Other	—		560		—		560
Net revenue	9,874		64,561		—		74,435

Share of loss from equity accounted investments	—		6,313		—		6,313

Interest income	40		9,058		—		9,098
Interest expense	—		(27)		—		(27)
Interest income (expense), net	40		9,031		—		9,071

Total assets	462,830		273,484		661,424		1,397,738
Depreciation and amortization	295		4,189		—		4,484
Impairment loss on goodwill and indefinite-lived assets	236,019		37		—		236,056
Impairment loss on long-lived assets	2,955		124,664		—		127,619
Loss from discontinued operations	—		(500)		—		(500)
Adjusted EBITDA	(40,717)		(99,139)		(20,607)		(160,463)
Purchase of property, plant and equipment, net	776		10,368		—		11,144


	Year ended December 31, 2020
	United States		Rest of World		Corporate		Total
Cannabis flower	$	—	$	27,932	$	—	$	27,932
Cannabis extracts	9,495		8,759		—		18,254
Other	—		533		—		533
Net revenue	9,495		37,224		—		46,719

Share of loss from equity accounted investees	—		4,510		—		4,510

Interest income	16		18,585		—		18,601
Interest expense	(34)		(152)		—		(186)
Interest income, net	(18)		18,433		—		18,415

Total assets	253,745		388,351		1,283,586		1,925,682
Depreciation and amortization	234		2,638		—		2,872
Impairment loss on goodwill and indefinite-lived assets	40,000		—		—		40,000

Loss from discontinued operations	—		(650)		—		(650)
Adjusted EBITDA	(28,019)		(98,349)		(20,885)		(147,253)
Purchase of property, plant and equipment, net	385		31,027		—		31,412


	Year ended December 31, 2019
	United States		Rest of World		Corporate		Total
Cannabis flower	$	—	$	15,020	$	—	$	15,020
Cannabis extracts	3,364		5,338		—		8,702
Other	—		28		—		28
Net revenue	3,364		20,386		—		23,750

Share of loss from equity accounted investees	—		2,009		—		2,009

Interest income	6		29,207		—		29,213
Interest expense	—		(1,244)		—		(1,244)
Interest income, net	6		27,963		—		27,969

Total assets	293,985		309,854		1,486,603		2,090,442
Depreciation and amortization	46		2,044		—		2,090

Loss from discontinued operations	—		(363)		—		(363)
Adjusted EBITDA	(1,703)		(84,826)		(11,779)		(98,308)
Purchase of property, plant and equipment, net	259		38,405		—		38,664

The following tables set forth a reconciliation of net income (loss) as determined in accordance with U.S. GAAP to Adjusted EBITDA for the periods indicated:


(in thousands of U.S. dollars)	Year ended December 31, 2021
	US		ROW		Corporate		Total
Net income (loss)	$	(283,883)	$	(81,811)	$	(31,510)	$	(397,204)
Interest income, net	(40)		(9,031)		—		(9,071)
Income tax benefit	(89)		(342)		—		(431)
Share of loss from equity accounted investments	—		6,313		—		6,313
Impairment loss on goodwill and indefinite-lived intangible assets(i)	236,019		37		—		236,056
Impairment loss on long-lived assets(ii)	2,955		124,664		—		127,619
Gain on revaluation of derivative liabilities(iii)	—		(151,360)		—		(151,360)
Gain on revaluation of financial instruments(iv)	—		(8,611)		—		(8,611)
Transaction costs(v)	—		—		3,801		3,801

Other, net(vii)	3		(733)		—		(730)
Loss from discontinued operations(viii)	—		500		—		500
Share-based payments(ix)	3,401		6,750		—		10,151
Financial statement review costs(x)	—		—		7,102		7,102

Depreciation and amortization	917		14,485		—		15,402
Adjusted EBITDA	$	(40,717)	$	(99,139)	$	(20,607)	$	(160,463)


(in thousands of U.S. dollars)	Year ended December 31, 2020
	US		ROW		Corporate		Total
Net income (loss)	$	(77,368)	$	32,671	$	(30,573)	$	(75,270)
Interest expense (income), net	18		(18,433)		—		(18,415)
Income tax expense	323		1,024		—		1,347
Share of loss from equity accounted investments	—		4,510		—		4,510
Impairment loss on goodwill and indefinite-lived intangible assets(i)	40,000		—		—		40,000

Gain on revaluation of derivative liabilities(iii)	—		(129,254)		—		(129,254)
Loss on revaluation of financial instruments(iv)	—		9		—		9
Transaction costs(v)	40		—		—		40
Gain on disposal of other investments(vi)	—		(4,789)		—		(4,789)
Other, net(vii)	20		1,805		—		1,825
Loss from discontinued operations(viii)	—		650		—		650
Share-based payments(ix)	8,714		6,647		—		15,361
Financial statement review costs(x)	—		—		9,688		9,688
Depreciation and amortization	234		6,811		—		7,045
Adjusted EBITDA	$	(28,019)	$	(98,349)	$	(20,885)	$	(147,253)


(in thousands of U.S. dollars)	Year ended December 31, 2019
	US		ROW		Corporate		Total
Net income (loss)	$	(2,888)	$	1,180,241	$	(11,779)	$	1,165,574
Interest income, net	(6)		(27,963)		—		(27,969)


Repurposing charges	—		7,268		—		7,268
Share of loss from equity accounted investments	—		2,009		—		2,009
Gain on revaluation of derivative liabilities(iii)	—		(1,276,819)		—		(1,276,819)
Gain on revaluation of financial instruments(iv)	—		(197)		—		(197)
Transaction costs(v)	117		32,091		—		32,208
Gain on disposal of investments(vi)	—		(16,277)		—		(16,277)



Loss from discontinued operations(viii)	—		363		—		363

Share-based payments(ix)	900		10,719		—		11,619
Depreciation and amortization	174		3,739		—		3,913
Adjusted EBITDA	$	(1,703)	$	(84,826)	$	(11,779)	$	(98,308)

(i)For the year ended December 31, 2021, impairment loss on goodwill and indefinite-lived intangible assets relates to impairment on goodwill and intangible assets related to our U.S. segment and impairment on an indefinite-lived trademark related to the ROW segment. For the year ended December 31, 2020, impairment loss on goodwill and indefinite-lived intangible assets relates to impairment on goodwill and intangible assets related to the U.S. segment. See Note 6 “Goodwill and Intangible Assets, net.”

(ii)For the year ended December 31, 2021, impairment loss on long-lived assets relates to impairment charges on property, plant and equipment and definite-lived intangible assets in the Canadian asset group, impairment charges for the differences between the consideration paid to Ginkgo for the achievement of two equity milestones in connection with the Ginkgo Collaboration Agreement and the fair values of the CBGA Exclusive License and CBGVA Exclusive License as well as impairment on leased premises in the U.S. segment. See Note 5 “Property, Plant and Equipment, net” and Note 6 “Goodwill and Intangible Assets, net.”

(iii)For the years ended December 31, 2021, 2020 and 2019, the gain on revaluation of derivative liabilities represents the fair value changes on the derivative liabilities. See Note 8 “Derivative Liabilities.”

(iv)For the year ended December 31, 2021, gain on revaluation of financial instruments relates primarily to the Company’s unrealized holding gain on its mark-to-market investment in Cronos Australia as well as revaluations of financial liabilities resulting from DSUs. For the years ended December 31, 2020 and 2019, gain (loss) on revaluation of financial instruments relates to revaluations of financial liabilities resulting from DSUs. See Note 3 “Investments.”

(v)For the years ended December 31, 2021, 2020 and 2019, transaction costs represent legal, financial and other advisory fees and expenses incurred in connection with various strategic investments. These costs are included in general and administrative expenses on the consolidated statements of net income (loss) and comprehensive income (loss).

(vi)For the years ended December 31, 2020 and 2019, gain on disposal of investments is primarily comprised of the gain recorded related to the sale of common shares of Aurora, which were received in connection with the achievement of a milestone related to the Whistler Transaction in 2020 and as a result of the closing of the Whistler Transaction in 2019. See Note 3 “Investments.”

(vii)For the years ended December 31, 2021 and 2020, other, net is primarily related to (gain) loss on reclassification of held-for-sale assets and (gain) loss on disposal of assets.

(viii)For the years ended December 31, 2021, 2020 and 2019, loss from discontinued operations relates to the discontinuance of OGBC. See Note 16 “Held-For-Sale Assets and Discontinued Operations.”

(ix)For the years ended December 31, 2021, 2020 and 2019, share-based payments relates to the vesting expenses of share-based compensation awarded to employees under the Company’s share-based award plans as described in Note 10. “Share-based Payments.”

(x)For the years ended December 31, 2021 and 2020, financial statement review costs include costs related to the restatements of the Company’s 2019 interim financial statements and second quarter 2021 interim financial statements, costs related to the Company’s responses to requests for information from various regulatory authorities relating to such restatements and legal costs defending shareholder class action complaints brought against the Company as a result of the 2019 restatement.

Net revenue attributed to a geographic region based on the location of the customer were as follows:


	Year ended December 31,
	2021		2020
Canada	$	50,294	$	34,538
Israel	13,376		2,539
United States	9,874		9,495
Other countries	891		147
Net revenue	$	74,435	$	46,719

Property, plant and equipment, net were physically located in the following geographic regions:


	As of December 31,
	2021		2020
Canada	$	49,117	$	162,163
United States	480		2,293
Israel	24,473		23,143
Total	$	74,070	$	187,599

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) per ShareBasic and diluted earnings (loss) per share from continued and discontinued operations are calculated as follows:


	Year ended December 31,
	2021		2020		2019
Basic earnings (loss) per share computation
Net income (loss) from continuing operations attributable to the shareholders of Cronos Group	$	(395,607)	$	(72,487)	$	1,166,869
Weighted-average number of common shares outstanding	370,390,965		351,576,848		310,067,179
Basic earnings (loss) from continuing operations per share	$	(1.07)	$	(0.21)	$	3.76

Loss from discontinued operations attributable to the shareholders of Cronos Group	$	(500)	$	(650)	$	(363)
Weighted-average number of common shares outstanding	370,390,965		351,576,848		310,067,179
Basic loss from discontinued operations per share	$	—	$	—	$	—


	Year ended December 31,
	2021		2020		2019
Diluted earnings (loss) per share computation
Net income (loss) used in the computation of basic earnings (loss) from continuing operations per share	$	(395,607)	$	(72,487)	$	1,166,869
Adjustment for exercise of rights on derivative liabilities	—		—		(24,416)
Net income (loss) used in the computation of diluted earnings (loss) from continuing operations per share	(395,607)		(72,487)		1,142,453

Weighted-average number of common shares outstanding used in the computation of basic earnings (loss) per share	370,390,965		351,576,848		310,067,179
Dilutive effect of warrants	—		—		19,481,352
Dilutive effect of stock options	—		—		10,649,487
Dilutive effect of restricted share units	—		—		732,972


Dilutive effect of Top-up Rights - market price	—		—		1,881,002


Weighted-average number of common shares for computation of diluted earnings (loss) from continuing operations per share(i)	370,390,965		351,576,848		342,811,992
Diluted earnings (loss) per share from continuing operations	$	(1.07)	$	(0.21)	$	3.33

Loss from discontinued operations attributable to the shareholders of Cronos Group	$	(500)	$	(650)	$	(363)
Weighted-average number of common shares for computation of diluted earnings (loss) from discontinued operations per share	370,390,965		351,576,848		342,811,992
Diluted loss from discontinued operations per share	$	0.00	$	0.00	$	0.00

(i)In computing diluted earnings per share, incremental common shares are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be anti-dilutive.

Total securities of 125,195,001, 151,338,762 and 131,871,103 were not included in the computation of diluted shares outstanding for the years ended December 31, 2021, 2020 and 2019, respectively, because the effect would be anti-dilutive.

Financial Instruments

12 Months Ended

Dec. 31, 2021

Risks and Uncertainties [Abstract]

Financial Instruments

(a)Fair value measurement

The Company complies with ASC 820 Fair Value Measurements for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. In general, fair values are determined by:

•Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities.

•Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves.

•Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability.

The following tables present information about the Company’s assets that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:


	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	886,973	$	—	$	—	$	886,973
Short-term investments	117,684		—		—		117,684
Other investments(i)	8,000		—		—		8,000
Derivative liabilities	—		—		14,375		14,375


	As of December 31, 2020
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	1,078,023	$	—	$	—	$	1,078,023
Short-term investments	211,766		—		—		211,766
Derivative liabilities	—		—		163,410		163,410

(i)On December 16, 2021, Cronos Australia closed their merger agreement to acquire CDA Health Pty Ltd, an Australian medicinal cannabis company. In connection with the closing of the Cronos Australia Merger, the Company’s ownership interest in Cronos Australia decreased to approximately 10% and the Company’s number of Cronos Australia board seats was reduced from two to one which constituted a loss of significant influence. As such, the Company reclassified the investment from an investment in equity method investees under the equity method of accounting to an other investment under the fair value method of accounting. See Note 3 “Investments.”

There were no transfers between fair value categories during the periods presented.

(b)Financial risks

The Company’s activities expose it to a variety of financial risks, including credit risk, liquidity risk, market risk, interest rate risk, and foreign currency rate risk.

Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The Company is exposed to credit risk from its operating activities, primarily accounts receivable and other receivables, and its investing activities, including cash held with banks and financial institutions, short term investments, loans receivable, and advances to joint ventures. The Company’s maximum exposure to this risk is equal to the carrying amount of these financial assets, which amounted to $1,118,684 and $1,403,491 as of December 31, 2021 and December 31, 2020, respectively.

(i)Accounts receivable

The Company had accounts receivable of $22,067 and $8,928 as of December 31, 2021 and December 31, 2020, respectively. An impairment analysis is performed at each reporting date using a provision matrix to measure expected credit losses. The provision rates are based on the days past due for groupings of various customer segments with similar loss patterns. The calculation reflects the probability-weighted outcome, the time value of money and reasonable and supportable information that is available at the reporting date about past events, current conditions and forecasts of future economic conditions. Accounts receivable are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan, and a failure to make contractual payments for a period of greater than 120 days past due. As of December 31, 2021, 2020 and 2019, the Company had $8, $9 and $124, respectively, in expected credit losses on receivables from contracts with customers in the Rest of World segment and $104, $65 and $12, respectively, in expected credit losses on receivables from contracts with customers in the U.S. segment.

As of December 31, 2021, the Company has assessed that there is a concentration of credit risk as 88% of the Company’s accounts receivable were due from four customers with an established credit history with the Company. As of December 31, 2020, 78% of the Company’s accounts receivable were due from four customers with an established credit history with the Company.

The Company sells products through a limited number of major customers. Major customers are defined as customers that each individually accounted for greater than 10% of the Company’s revenues. During the year ended December 31, 2021, the Company earned a total net revenue before excise taxes of $41,603 from three major customers in the ROW segment, together accounting for 56% of the Company’s total net revenue before excise taxes. During the year ended December 31, 2020, the Rest of World segment earned a total net revenue before excise taxes of $34,295 from four major customers, together accounting for 63% of the Company’s total net revenue before excise taxes. During the year ended December 31, 2019, the Rest of World segment earned a total net revenue before excise taxes of $7,597 from one major customer, accounting for 32% of the Company’s total net revenues before excise taxes. During the years ended December 31, 2021, 2020, and 2019 the U.S. segment had no major customers.

(ii) Cash and cash equivalents, short-term investments, and other receivables

The Company held cash and cash equivalents of $886,973 and $1,078,023 as of December 31, 2021 and December 31, 2020, respectively. The short-term investments and related interest receivable of $117,684 and $211,766 as of December 31, 2021 and December 31, 2020, respectively, represent short-term investments with a maturity of less than a year and accrued interest. The cash and cash equivalents and short-term investments, including guaranteed investment certificates and bankers’ acceptances, are held with central banks and financial institutions that are highly rated. In addition to interest receivable, other receivables include sales taxes receivable from the government. As such, the Company has assessed an insignificant loss allowance on these financial instruments.

Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due and arises principally from the Company’s accounts payable. The Company had trade accounts payable of $8,395 and $12,107 as of December 31, 2021 and December 31, 2020, respectively, included in accounts payable on the consolidated balance sheet. The Company’s policy is to review liquidity resources and ensure that sufficient funds are available to meet financial obligations as they become due. Further, the Company’s management is responsible for ensuring funds exist and are readily accessible to support business opportunities as they arise. The Company’s funding is primarily provided in the form of capital raised through the issuance of common shares and warrants. As of December 31, 2021, the Company has assessed a concentration of risk of vendors as 19% of accounts payables were due to one vendor. As of December 31, 2020, the Company has assessed a concentration risk of vendors as 40% due to four vendors.

Market risk

Market risk is the risk that the fair value of, or future cash flows from, the Company’s financial instruments will significantly fluctuate due to changes in market prices. The value of financial instruments can be affected by changes in interest rates, market and economic conditions, and equity and commodity prices. The Company is exposed to market risk in divesting its investments, such that unfavorable market conditions could result in dispositions of investments at less than their carrying amounts. Further, the revaluation of securities classified as fair value through net income could result in significant write-downs of the Company’s investments, which would have an adverse impact on the Company’s results of operations, unless these would flow through other comprehensive income.

The Company manages risk by having a portfolio of securities from multiple issuers, such that the Company was not materially exposed to any one issuer.

Interest rate risk

Interest rate risk is the risk that the value or yield of fixed-income investments may decline if interest rates change. Fluctuations in interest rates may impact the level of income and expense recorded on the cash equivalents and short-term investments, and the market value of all interest-earning assets, other than those which possess a short term to maturity. A 10% change in the interest rate in effect on December 31, 2021 and December 31, 2020, would not have a material effect on (i) fair value of the cash equivalents and short-term investments as the majority of the portfolio has a maturity date of three months or less, or (ii) interest income. Management continues to monitor external interest rates and revise the Company’s investment strategy as a result.

During the years ended December 31, 2021 and December 31, 2020, the Company had net interest income of $9,071 and $18,415, respectively. During the year ended December 31, 2021, the Company’s average variable interest rate did not change materially. During the year ended December 31, 2020, the Company’s average variable interest rate fell 1.49%, which resulted in a decrease of net interest income of $15,671 in the period.

Foreign currency risk

Currency rate risk is the risk that the fair value of, or future cash flows from, the Company’s financial instruments will significantly fluctuate due to changes in foreign exchange rates. The Company is exposed to this risk on investments in equity investees denominated in A$ and C$, and other assets and liabilities denominated in A$ and C$. The Company is further exposed to this risk through subsidiaries operating in Israel and the U.S. as the Company’s functional currency is in Canadian dollars. The Company does not currently use foreign exchange contracts to hedge its exposure to currency rate risk. As such, the Company’s financial position and financial results may be adversely affected by the unfavorable fluctuations in currency exchange rates.

As of December 31, 2021 and December 31, 2020, the Company had foreign currency gain (loss) on translation of $8,192 and $14,951, respectively. A 10% change in the exchange rates for the foreign currencies would affect the carrying amounts of net assets by approximately $133,428 and $170,817 as of December 31, 2021 and December 31, 2020, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2021

Related Party Transactions

(a)Altria

On March 8, 2019, in connection with the Altria Investment, Altria, through certain of its wholly owned subsidiaries, purchased a 45% equity interest in the Company. As of December 31, 2021, Altria beneficially held an approximately 42% ownership interest in the Company (calculated on a non-diluted basis).

The Company incurred the following expenses for consulting services from Altria Pinnacle LLC, a subsidiary of Altria (“Altria Pinnacle”):


	Year ended December 31,
	2021		2020		2019
Altria Pinnacle – expense	$	436	$	1,199	$	3,479

During 2019, the Company purchased machinery and equipment amounting to $1,258 from a subsidiary of Altria, which was fully paid for during the year ended December 31, 2019.

There were no amounts payable related to the consulting services with Altria Pinnacle as of December 31, 2021 and 2020.

Refer to Note 8 “Derivative Liabilities” for further information on the derivative liabilities related to the Altria Investment.

(b)Cronos GrowCo

The Company holds a variable interest in Cronos GrowCo through its ownership of 50% of Cronos GrowCo’s common shares and senior secured debt in Cronos GrowCo. See Note 3 “Investments” for further discussion.

The Company made the following purchases of cannabis products from Cronos GrowCo:


	Year ended December 31,
	2021		2020		2019
Cronos GrowCo – purchases	$	4,820	$	—	$	—

The Company’s outstanding payable balance to Cronos GrowCo was $82 as of December 31, 2021. There was no amount payable to Cronos GrowCo as of December 31, 2020.

Additionally, on August 23, 2019, the Company, as lender, and Cronos GrowCo, as borrower, entered into the GrowCo Facility. See additional information in Note 4 “Loans Receivable, net.”

Held-For-Sale Assets and Discontinued Operations

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Held-For-Sale Assets and Discontinued Operations

During the year ended December 31, 2020, the Company advanced its plans for the sale and disposal of substantially all of the assets of OGBC and as a result, OGBC’s results of operations were reclassified to discontinued operations in the accompanying consolidated financial statements. During the second quarter of 2021, the Company determined that the fair value of OGBC was lower than the carrying amount of the assets. As such, a write-down to these held-for-sale assets of $561 was recorded in the second quarter of 2021. On September 10, 2021, OGBC was sold for $727, net of costs to sell. As a result, the Company recorded $82 in loss from discontinued operations in its consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

On June 10, 2021, the land and office building located in Winnipeg, Manitoba Canada, previously designated as held-for-sale in the first quarter of 2021, was sold for $2,059, net of costs to sell. As a result, the Company recorded a gain on the sale of $1,279 in other, net in its consolidated statements of net income (loss) and comprehensive income (loss) for the year ended December 31, 2021.

The following table summarizes the financial information for discontinued operations:


	Year ended December 31,
	2021		2020		2019
Loss from discontinued operations, net of income taxes	$	(500)	$	(650)	$	(363)


	As of December 31,
	2021		2020
OGBC assets classified as held-for-sale	$	—	$	1,176

Non-monetary Transactions	12 Months Ended
Non-monetary Transactions	Dec. 31, 2021
Nonmonetary Transactions [Abstract]
Non-monetary Transactions	Non-monetary Transactions The Company had no non-monetary transactions during the year ended December 31, 2021 or 2020. On March 28, 2019, the Company entered into two transactions to simultaneously purchase and sell inventory to a third party. The Company purchased cannabis resin from the third party and in turn sold cannabis dry flower to the third party. The transactions involved the exchange of work in progress inventory and were accounted for at the carrying amount of inventory transferred by the Company, which equaled the value of the cannabis resin received. No revenue was recognized as a result of this transaction and no gain or loss was recognized in the consolidated statements of net income (loss) and comprehensive income (loss). In September 2019, the Company entered into three transactions to simultaneously purchase and sell inventory to a third party. The Company purchased cannabis resin and cannabis tincture oil and in turn sold cannabis dry flower to the third party. The transactions involved the exchange of work in progress inventory and were accounted for in accordance with ASC 845 Non-monetary transactions at the carrying amount of inventory transferred by the Company. $2,300 was recognized in revenue as a result of this transaction and no gain or loss was recognized in the consolidated statements of net income (loss) and comprehensive income (loss).

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events (a)Realignment In the first quarter of 2022, the Company initiated a strategic plan to realign the business around its brands, centralize functions and evaluate the Company’s supply chain (the “Realignment”). The organizational and cost initiatives being undertaken are intended to position the Company to drive profitable and sustainable growth over time. Restructuring costs of $1,219, which impact all segments and will be incurred in 2022, include mostly one-time employee-related severance associated with the Realignment. (b)Planned Exit of the Stayner Facility On February 28, 2022, the Board approved plans to leverage its strategic partnerships to improve supply chain efficiencies and reduce manufacturing overhead by exiting its production facility in Stayner, Ontario, Canada (the “Stayner Facility”). The Company expects to incur charges of approximately $4,500 in connection with the planned exit, all of which impact the ROW segment. These charges include employee-related costs such as severance, relocation and other termination benefits, as well as contract termination and other related costs, which are expected to be incurred primarily in the second half of 2022. In addition, the Company anticipates capital expenditures of approximately $2,500 to modernize information technology systems and build distribution capabilities. These anticipated charges and capital expenditures are subject to a number of assumptions, including product costs, the timing of certain events, market factors and others. As a result of these assumptions, actual results may differ materially. (c)LivWell Transaction On February 28, 2022, PharmaCann closed the LivWell Transaction. Based upon the terms of the definitive merger agreement, the Company’s ownership percentage in PharmaCann on a fully-diluted basis decreased to approximately 6.7%. The decrease to ownership percentage does not materially affect the Company’s rights under the PharmaCann Option. Further dilution could adversely affect the Company’s rights under the PharmaCann Option.

Background, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of presentation

Basis of presentationThe accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of net revenues and expenses during the reporting periods. Certain prior year amounts have been reclassified to conform to the current year presentation of our consolidated financial statements. These reclassifications had no effect on reported results of operations and ending shareholders’ equity.

Basis of consolidation

Basis of consolidationThe accompanying consolidated financial statements include the accounts of the Company, and all entities in which the Company has a controlling voting interest or is the primary beneficiary of a variable interest as of and for the reporting periods. The Company assesses control under the variable interest entity (“VIE”) model to determine whether the Company is the primary beneficiary of that entity’s operations. If an entity is not deemed to be a VIE, the Company consolidates the entity if the Company has a controlling voting interest. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are deconsolidated from the date that control ceases. Investments in which the Company has the ability to exercise significant influence over the operating and financial policies of the investee, but does not have control, are accounted for under the equity method of accounting.In the consolidated statements of net income (loss) and comprehensive income (loss), net income (loss) and comprehensive income (loss) are attributed to the equity holders of the Company and to the non-controlling interests. Non-controlling interests in the equity of Cronos Israel are presented separately in the shareholders’ equity section of the consolidated balance sheets and consolidated statements of shareholders’ equity. All intercompany transactions and balances are eliminated upon consolidation.

Out-of-period adjustments

The impact of the out-of-period adjustments are included within the changes in operating assets and liabilities and withholding taxes paid on share-based awards lines in the Company’s consolidated statement of cash flows.

Use of estimates

Use of estimatesThe preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Significant estimates and assumptions include, among other things, valuation of derivative liabilities, expected credit losses on long-term financial assets, impairment losses on goodwill and indefinite-lived intangible assets, impairment losses on long-lived assets, inventory write-downs, share-bared payments, valuation allowance on deferred income tax assets and uncertain tax liabilities. Actual results could differ from those estimates.

Cash and cash equivalents and short-term investments

Cash and cash equivalents and short term investmentsCash and cash equivalents are comprised of cash and highly liquid investments that are readily convertible into known amounts of cash with original maturities of three months or less. Cash and cash equivalents include amounts held in dollars, C$ and ILS and security deposits. Short-term investments consist of debt securities that (i) have original maturities of greater than three months and (ii) the Company has the ability to convert into cash within one year. Short-term investments are classified as held-to-maturity. Our investments classified as held-to-maturity are recorded at cost. Interest earned on short-term investments is recorded in other receivables on the consolidated balance sheets and interest income on the consolidated statements of net income (loss) and comprehensive income (loss). Cash inflows and outflows related to the purchase and maturity of short-term investments are classified as investing activities in the Company’s consolidated statements of cash flows.

Inventory

Variable interest entities

Equity method investments

Other investments

Property, plant & equipment

Property, plant and equipment

Rate

Building and leasehold improvements

15 to 20 years

Machinery and equipment

5 to 7 years

Furniture and fixtures

5 years

Equipment under finance lease

Lesser of term of lease and useful life

Definite life intangible assets

Definite-lived intangible assets

Intangible assets with definite useful lives are amortized over their estimated useful lives using the following methods and rates:


	Method	Rate
Software	Straight-line	5 years
Health Canada licenses	Straight-line	Useful life of corresponding facilities
Ginkgo exclusive licenses	Straight-line	10 years
Israeli codes(i)	Straight-line	Useful life of corresponding facilities

Accrued liabilities

Leases

Derivative liabilities

Derivative liabilitiesFor financial instruments classified as derivatives that are not designated as hedging instruments or do not qualify for hedge accounting, changes in fair value are recorded in the consolidated statements of net income (loss) and comprehensive income (loss) each period. The Company does not enter into or hold derivative financial instruments for trading or speculative purposes. Derivative liabilities are initially recognized at fair value at the date on which the derivative contract was entered into. Any attributable transaction costs are recognized in net income (loss) as incurred. Subsequent to initial recognition, derivative liabilities are measured at fair value at each reporting date until settlement with the re-measurement gain or loss being recognized immediately in net income (loss) and comprehensive income (loss). For more details on derivative liabilities consisting of the Altria Warrant, Pre-emptive Rights, and certain Top-up Rights, see Note 8 “Derivative Liabilities.”

Capital stock

Capital stockCapital stock is presented at the fair value at the time of issuance of the shares issued. Costs related to the issuance of shares are reported in equity, net of tax, as a deduction from the issuance proceeds.

Revenue recognition

Research and development

Research and development The Company has research and development centers in Canada and Israel which perform scientific research on the interaction of cannabinoids as well as strain development, growing conditions, extraction technology, and biosynthesis. In Canada, fermentation and production related research is performed to further strategic initiatives around rare cannabinoids. In addition, the Company has a collaboration and license agreement with Ginkgo (the “Ginkgo Collaboration Agreement”) to research, produce, and commercialize cultured cannabinoids. Technological feasibility is considered to be established once productivity targets or commercialization are achieved, at which point the exclusive license is recognized at cost less impairment charges. As of the acquisition date of each exclusive license, cost less impairment charges is equal to the fair value. Refer to Note 6 “Goodwill and Intangible Assets, net” for more information on the Ginkgo Collaboration Arrangement. Research and development costs associated with these collective efforts are expensed as incurred as part of operating expenses in the Company’s consolidated statements of net income (loss) and comprehensive income (loss).

Advertising costs

Advertising costsAdvertising costs include costs to sell the Company’s products and are expensed as incurred through sales and marketing expenses in the consolidated statements of net income (loss) and comprehensive income (loss).

Share-based compensation

Impairment of long-lived assets

Impairment of long-lived assetsThe Company reviews its long-lived assets, such as property, plant and equipment and definite-lived intangible assets, for impairment in accordance with ASC Topic 360, Property, Plant, and Equipment. In accordance with ASC Topic 360, long-lived assets to be held are reviewed for events or changes in circumstances that indicate that their carrying amount may not be recoverable. The Company periodically reviews for indicators and, if indicators are present, tests the carrying amount of long-lived assets, assessing their fair values based on estimated undiscounted cash flows over their remaining estimated useful lives. The Company groups assets at the lowest level for which cash flows are separately identifiable, referred to as an asset group. If the carrying amount of an asset (or asset group) exceeds its estimated undiscounted future cash flows, an impairment charge is measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset, based on discounted cash flows.

Impairment of goodwill and indefinite-lived intangible assets

Impairment of goodwill and indefinite-lived intangible assetsGoodwill and indefinite-lived intangible assets are not amortized. Goodwill and indefinite-lived intangible assets are reviewed for impairment annually or more frequently when events or changes in circumstances indicate that fair value of the reporting unit has been reduced to less than its carrying amount in accordance with the provisions of ASC Topic 350, Intangibles—Goodwill and Other. The Company performs an impairment test annually in the fourth quarter by comparing the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered to be impaired. An impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The Company determined that it has two segments: the U.S. segment and the Rest of World segment.

Income taxes

Foreign currency

Foreign currencyThe Company’s functional currency is the Canadian dollar (“C$”) and its reporting currency is the U.S. dollar. Functional currencies for the entities in these consolidated financial statements are their respective local currencies, including C$, Australian dollars (“A$”) and Israeli New Shekel (“ILS”). All assets and liabilities of operations with a functional currency other than the U.S. dollar are translated at period-end currency exchange rates. The resulting translation adjustments are recorded in accumulated other comprehensive income (loss), net of tax. Revenues and expenses of operations, as well as all cash flows, with a functional currency other than the U.S. dollar are translated at the average exchange rates for the period. Transaction gains and losses resulting from changes in foreign currency exchange rates are recorded in either cost of sales, general and administrative expenses, or other, net in the consolidated statements of net income (loss) and comprehensive income (loss).

Segment structure

SegmentsCronos Group reports through two segments: the U.S. segment and the ROW segment. These two segments represent the geographic regions in which the Company operates and the different product offerings within each geographic region. Refer to Note 12 “Segment Information and Disaggregated Net Revenue” for additional information.

Earnings (loss) per share

Earnings (loss) per shareThe Company presents basic and diluted earnings (loss) per share data for its common shares. Basic earnings (loss) per share is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares.

Fair value measurements

The following are the three levels of inputs used to measure fair value:

•Level 1 – valuation based on quoted prices (unadjusted) in active markets for identical assets and liabilities.

•Level 2 – valuation techniques based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.

•Level 3 – valuation techniques using the inputs for the asset or liability that are not based on observable market data.

The Company’s policy for determining when transfers between levels of the fair value hierarchy occur is based on the date of the event or changes in circumstances that caused the transfer.

Assets held for sale and discontinued operations

Adoption of new accounting pronouncements and New accounting pronouncements not yet adopted

Adoption of new accounting pronouncements

(ab)New accounting pronouncements not yet adopted

Background, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Consolidated Entities

The Company consolidates the financial results of the following entities, which the Company controls:

Subsidiaries

Jurisdiction of incorporation

Incorporation date

Ownership interest (ii)

Cronos Israel G.S. Cultivation Ltd.(i)

Israel

February 4, 2018

70%

Cronos Israel G.S. Manufacturing Ltd.(i)

Israel

September 4, 2018

90%

Cronos Israel G.S. Store Ltd.(i)

Israel

June 28, 2018

90%

Cronos Israel G.S. Pharmacy Ltd.(i)

Israel

February 15, 2018

90%

(i)These Israeli entities are collectively referred to as “Cronos Israel.”

(ii)“Ownership interest” is defined as the proportionate share of net income to which the Company is entitled; equity interest may differ from ownership interest as described herein.

Schedule of Property, Plant and Equipment, Useful Lives

Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:

Rate

Building and leasehold improvements

15 to 20 years

Machinery and equipment

5 to 7 years

Furniture and fixtures

5 years

Equipment under finance lease

Lesser of term of lease and useful life

Property, plant and equipment, net consisted of the following:


		As of December 31, 2021
	Cost			Accumulated depreciation			Accumulated impairment charges			Net
Land		$	2,822		$	—		$	—		$	2,822
Building and leasehold improvements		188,522			(22,720)			(109,177)			56,625
Machinery and equipment		18,894			(5,778)			(3,876)			9,240
Furniture and fixtures		5,937			(1,808)			(615)			3,514
Construction in progress		2,502			—			(633)			1,869
		$	218,677		$	(30,306)		$	(114,301)		$	74,070


		As of December 31, 2020
	Cost			Accumulated depreciation			Accumulated impairment charges			Net
Land		$	3,197		$	—		$	—		$	3,197
Building and leasehold improvements		162,326			(13,970)			—			148,356
Machinery and equipment		14,032			(3,195)			—			10,837
Furniture and fixtures		5,502			(1,130)			—			4,372
Construction in progress		20,837			—			—			20,837
		$	205,894		$	(18,295)		$	—		$	187,599

Schedule of Intangible Assets Amortization Methods and Rates

Intangible assets with definite useful lives are amortized over their estimated useful lives using the following methods and rates:


	Method	Rate
Software	Straight-line	5 years
Health Canada licenses	Straight-line	Useful life of corresponding facilities
Ginkgo exclusive licenses	Straight-line	10 years
Israeli codes(i)	Straight-line	Useful life of corresponding facilities

Intangible assets, net are comprised of the following items:


		As of December 31, 2021
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	5,644		$	(1,595)		$	(4)		$	4,045
Health Canada licenses		8,793			(1,883)			(6,910)			—
Ginkgo exclusive license(i, ii)		17,330			(335)			(4,752)			12,243
Israeli codes(iii)		330			(39)			—			291
Total definite-lived intangible assets		32,097			(3,852)			(11,666)			16,579
Lord Jones® brand		64,000			—			(62,500)			1,500
Trademarks		142			—			(142)			—
Total intangible assets		$	96,239		$	(3,852)		$	(74,308)		$	18,079


		As of December 31, 2020
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	4,565		$	(565)		$	—		$	4,000
Health Canada licenses		8,790			(1,465)			(1,053)			6,272
Israeli codes(iii)		322			(22)			—			300
Total definite-lived intangible assets		13,677			(2,052)			(1,053)			10,572
Lord Jones® brand		64,000			—			(5,000)			59,000
Trademarks		148			—			—			148
Total intangible assets		$	77,825		$	(2,052)		$	(6,053)		$	69,720

(iii)The Israeli codes were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities.

Accumulated impairment charges on intangible assets, net consist of:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021
Software	$	—	$	(4)	$	—	$	(4)
Health Canada licenses	(1,053)		(5,951)		94		(6,910)
Ginkgo exclusive license	—		(4,792)		40		(4,752)
Lord Jones® brand	(5,000)		(57,500)		—		(62,500)
Trademarks	—		(142)		—		(142)
	$	(6,053)	$	(68,389)	$	134	$	(74,308)


	As of January 1, 2020		Impairment charges		Foreign exchange effect		As of December 31, 2020
Health Canada licenses	$	—	$	(1,001)	$	(52)	$	(1,053)

Lord Jones® brand	—		(5,000)		—		(5,000)
	$	—	$	(6,001)	$	(52)	$	(6,053)

Schedule of Accrued Liabilities

Accrued liabilities consist of the following:


	As of December 31,
	2021		2020
Accrued payroll and related expenses	$	13,308	$	9,697
Accrued professional fees	8,337		7,395
Accrued taxes	3,488		2,843
Other accrued expenses	936		2,821
Total accrued liabilities	$	26,069	$	22,756

Inventory, net (Tables)

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory, net is comprised of the following items:


	As of December 31,
	2021		2020
Raw materials	$	9,211	$	11,489
Work-in-progress	12,405		26,278
Finished goods	10,778		5,905
Supplies and consumables	408		330
Total	$	32,802	$	44,002

Investments (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments

A reconciliation of the carrying amount of the investments in equity method investees, net is as follows:


	Ownership interest	As of December 31,
		2021		2020
Cronos Australia(i)	31%	N/A		$	—
Cronos GrowCo	50%	$	16,764	19,235

Natuera(ii, iii)	50%	—		—
		$	16,764	$	19,235

The following is a summary of the Company’s share of net losses from equity investments accounted for under the equity method of accounting:


	Year ended December 31,
	2021		2020		2019
Whistler Medicinal Marijuana Company (“Whistler”)(i)	$	—	$	—	$	29
Cronos Australia(ii)	(48)		(363)		(1,101)
Cronos GrowCo	(2,518)		(1,537)		(167)
MedMen Canada(iii)	—		—		35
Natuera(iv)	(3,747)		(2,610)		(805)
	$	(6,313)	$	(4,510)	$	(2,009)

(iii)By agreement of the joint venture partners, MedMen Canada was dissolved effective as of December 31, 2021.

(iv)The Company’s share of accumulated net losses in excess of its equity investment in Natuera has been applied as a loss allowance on the loan receivable. See Note 4 “Loans Receivable, net.”

The following is a summary of financial information for the Company’s equity method investments:


	As of December 31,
	2021		2020		2019
Current assets	$	5,660	$	19,126	$	23,200
Non-current assets	125,777		122,099		76,212
Current liabilities	13,457		24,223		52,796
Non-current liabilities	81,594		76,313		33,189


	Year ended December 31,
	2021		2020		2019
Revenue	$	8,186	$	367	$	52
Gross profit	(5,059)		(631)		—
Net loss	(12,603)		(11,453)		(2,048)

A reconciliation of the carrying amount of the other investments is as follows:


	Ownership interest	As of December 31,
		2021		2020
PharmaCann, Inc.	10.5%	$	110,392	$	—
Cronos Australia	10%	8,000		N/A
		$	118,392	$	—

Schedule of Variable Interest Entities

A reconciliation of the carrying amount of the investments in equity method investees, net is as follows:


	Ownership interest	As of December 31,
		2021		2020
Cronos Australia(i)	31%	N/A		$	—
Cronos GrowCo	50%	$	16,764	19,235

Natuera(ii, iii)	50%	—		—
		$	16,764	$	19,235

The following is a summary of the Company’s share of net losses from equity investments accounted for under the equity method of accounting:


	Year ended December 31,
	2021		2020		2019
Whistler Medicinal Marijuana Company (“Whistler”)(i)	$	—	$	—	$	29
Cronos Australia(ii)	(48)		(363)		(1,101)
Cronos GrowCo	(2,518)		(1,537)		(167)
MedMen Canada(iii)	—		—		35
Natuera(iv)	(3,747)		(2,610)		(805)
	$	(6,313)	$	(4,510)	$	(2,009)

(iii)By agreement of the joint venture partners, MedMen Canada was dissolved effective as of December 31, 2021.

(iv)The Company’s share of accumulated net losses in excess of its equity investment in Natuera has been applied as a loss allowance on the loan receivable. See Note 4 “Loans Receivable, net.”

The following is a summary of financial information for the Company’s equity method investments:


	As of December 31,
	2021		2020		2019
Current assets	$	5,660	$	19,126	$	23,200
Non-current assets	125,777		122,099		76,212
Current liabilities	13,457		24,223		52,796
Non-current liabilities	81,594		76,313		33,189


	Year ended December 31,
	2021		2020		2019
Revenue	$	8,186	$	367	$	52
Gross profit	(5,059)		(631)		—
Net loss	(12,603)		(11,453)		(2,048)

The following is a summary of the maximum exposure to loss from the Company’s investments in equity method investees:


	Ownership interest	Other Net Assets (Liabilities)		Maximum Exposure to Loss

Cronos GrowCo	50%	$	33,674	$	21,125
Natuera	50%	2,712		7,826
Balance as of December 31, 2021		$	36,386	$	28,951


	Ownership interest	Other Net Assets (Liabilities)		Maximum Exposure to Loss
Cronos Australia(i)	31%	$	8,976	$	1,530
Cronos GrowCo	50%	109,329		21,125
MedMen Canada(ii)	50%	—		467
Natuera	50%	(6,849)		8,154
Balance as of December 31, 2020		$	111,456	$	31,276

(ii)By agreement of the joint venture partners, MedMen Canada was dissolved effective as of December 31, 2021

Summary of Gain from Disposals of Investments

The following is a summary of the Company’s gain from disposals of investments:


	Year ended December 31,
	2021		2020		2019

Canopy Growth Corporation (“Canopy”)(i)	$	—	$	—	$	51
Whistler(ii, iii)	—		—		15,530
Aurora	—		4,789		696
	$	—	$	4,789	$	16,277

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Loan Receivable, net (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Schedule of Loan Receivable

Loans receivable, net consists of the following:


	As of December 31,
	2021		2020
Natuera Series A Loan(i)	$	—	$	3,518
GrowCo Facility(ii)	3,138		3,137
Add: Current portion of accrued interest	2,322		428
Total current portion of loans receivable	5,460		7,083
GrowCo Facility(ii)	64,367		69,939
Mucci Promissory Note(iii)	14,019		13,324
Cannasoul Collaboration loan(iv)	2,249		1,261
Add: Long-term portion of accrued interest	—		2,667
Total long-term portion of loans receivable	80,635		87,191
Total loans receivable	$	86,095	$	94,274

(iv)As of December 31, 2021 and 2020, CLS has received ILS 8,297 and ILS 4,148, respectively (approximately $2,664 and $1,287, respectively), from the Cannasoul Collaboration Loan.

Financing Receivable, Allowance for Credit Loss

Expected credit loss allowances on the Company’s long-term financial assets were comprised of the following items:


	As of January 1, 2021		Increase (decrease)(i)		Foreign exchange effect		As of December 31, 2021
GrowCo Facility	$	1,546	$	12,748	$	(205)	$	14,089
Natuera Series A Loan	721		(737)		16		—
Mucci Promissory Note	270		(183)		3		90
Cannasoul Collaboration Loan	26		374		15		415
	$	2,563	$	12,202	$	(171)	$	14,594


	As of January 1, 2020		Increase (decrease)(i)		Foreign exchange effect		As of December 31, 2020
GrowCo Facility	$	—	$	1,470	$	76	$	1,546
Natuera Series A Loan	—		685		36		721
Mucci Promissory Note	—		257		13		270
Cannasoul Collaboration Loan	—		25		1		26
	$	—	$	2,437	$	126	$	2,563

Property, Plant and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:

Rate

Building and leasehold improvements

15 to 20 years

Machinery and equipment

5 to 7 years

Furniture and fixtures

5 years

Equipment under finance lease

Lesser of term of lease and useful life

Property, plant and equipment, net consisted of the following:


		As of December 31, 2021
	Cost			Accumulated depreciation			Accumulated impairment charges			Net
Land		$	2,822		$	—		$	—		$	2,822
Building and leasehold improvements		188,522			(22,720)			(109,177)			56,625
Machinery and equipment		18,894			(5,778)			(3,876)			9,240
Furniture and fixtures		5,937			(1,808)			(615)			3,514
Construction in progress		2,502			—			(633)			1,869
		$	218,677		$	(30,306)		$	(114,301)		$	74,070


		As of December 31, 2020
	Cost			Accumulated depreciation			Accumulated impairment charges			Net
Land		$	3,197		$	—		$	—		$	3,197
Building and leasehold improvements		162,326			(13,970)			—			148,356
Machinery and equipment		14,032			(3,195)			—			10,837
Furniture and fixtures		5,502			(1,130)			—			4,372
Construction in progress		20,837			—			—			20,837
		$	205,894		$	(18,295)		$	—		$	187,599

Schedule of Impaired Property, Plant, and Equipment

Accumulated impairment charges on property, plant and equipment consist of the following:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021
Building and leasehold improvements	$	—	$	110,963	$	(1,786)	$	109,177
Machinery and equipment	—		3,939		(63)		3,876
Furniture and fixtures	—		625		(10)		615
Construction in progress	—		643		(10)		633
	$	—	$	116,170	$	(1,869)	$	114,301

Goodwill and Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill is comprised of the following items:


	As of December 31, 2021
	Cost		Accumulated impairment charges		Net
Peace Naturals Project Inc. (“Peace Naturals”)	$	1,098	$	—	$	1,098
Redwood	213,414		(213,414)		—
	$	214,512	$	(213,414)	$	1,098


	As of December 31, 2020
	Cost		Accumulated impairment charges		Net
OGBC	$	307	$	(307)	$	—
Peace Naturals	1,108		—		1,108
Redwood	213,414		(35,000)		178,414
	$	214,829	$	(35,307)	$	179,522

Impairment of Goodwill

Accumulated impairment charges on goodwill consist of:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021


Redwood	$	(35,000)	$	(178,414)	$	—	$	(213,414)


	As of January 1, 2020		Impairment charges		Foreign exchange effect		As of December 31, 2020
OGBC(i)	$	—	$	(292)	$	(15)	$	(307)

Redwood	—		(35,000)		—		(35,000)
	$	—	$	(35,292)	$	(15)	$	(35,307)

Schedule of Finite-Lived Intangible Assets

Intangible assets with definite useful lives are amortized over their estimated useful lives using the following methods and rates:


	Method	Rate
Software	Straight-line	5 years
Health Canada licenses	Straight-line	Useful life of corresponding facilities
Ginkgo exclusive licenses	Straight-line	10 years
Israeli codes(i)	Straight-line	Useful life of corresponding facilities

Intangible assets, net are comprised of the following items:


		As of December 31, 2021
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	5,644		$	(1,595)		$	(4)		$	4,045
Health Canada licenses		8,793			(1,883)			(6,910)			—
Ginkgo exclusive license(i, ii)		17,330			(335)			(4,752)			12,243
Israeli codes(iii)		330			(39)			—			291
Total definite-lived intangible assets		32,097			(3,852)			(11,666)			16,579
Lord Jones® brand		64,000			—			(62,500)			1,500
Trademarks		142			—			(142)			—
Total intangible assets		$	96,239		$	(3,852)		$	(74,308)		$	18,079


		As of December 31, 2020
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	4,565		$	(565)		$	—		$	4,000
Health Canada licenses		8,790			(1,465)			(1,053)			6,272
Israeli codes(iii)		322			(22)			—			300
Total definite-lived intangible assets		13,677			(2,052)			(1,053)			10,572
Lord Jones® brand		64,000			—			(5,000)			59,000
Trademarks		148			—			—			148
Total intangible assets		$	77,825		$	(2,052)		$	(6,053)		$	69,720

(iii)The Israeli codes were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities.

Accumulated impairment charges on intangible assets, net consist of:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021
Software	$	—	$	(4)	$	—	$	(4)
Health Canada licenses	(1,053)		(5,951)		94		(6,910)
Ginkgo exclusive license	—		(4,792)		40		(4,752)
Lord Jones® brand	(5,000)		(57,500)		—		(62,500)
Trademarks	—		(142)		—		(142)
	$	(6,053)	$	(68,389)	$	134	$	(74,308)


	As of January 1, 2020		Impairment charges		Foreign exchange effect		As of December 31, 2020
Health Canada licenses	$	—	$	(1,001)	$	(52)	$	(1,053)

Lord Jones® brand	—		(5,000)		—		(5,000)
	$	—	$	(6,001)	$	(52)	$	(6,053)

Schedule of Indefinite-Lived Intangible Assets

Intangible assets, net are comprised of the following items:


		As of December 31, 2021
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	5,644		$	(1,595)		$	(4)		$	4,045
Health Canada licenses		8,793			(1,883)			(6,910)			—
Ginkgo exclusive license(i, ii)		17,330			(335)			(4,752)			12,243
Israeli codes(iii)		330			(39)			—			291
Total definite-lived intangible assets		32,097			(3,852)			(11,666)			16,579
Lord Jones® brand		64,000			—			(62,500)			1,500
Trademarks		142			—			(142)			—
Total intangible assets		$	96,239		$	(3,852)		$	(74,308)		$	18,079


		As of December 31, 2020
	Cost			Accumulated amortization			Accumulated impairment charges			Net
Software		$	4,565		$	(565)		$	—		$	4,000
Health Canada licenses		8,790			(1,465)			(1,053)			6,272
Israeli codes(iii)		322			(22)			—			300
Total definite-lived intangible assets		13,677			(2,052)			(1,053)			10,572
Lord Jones® brand		64,000			—			(5,000)			59,000
Trademarks		148			—			—			148
Total intangible assets		$	77,825		$	(2,052)		$	(6,053)		$	69,720

(iii)The Israeli codes were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities.

Accumulated impairment charges on intangible assets, net consist of:


	As of January 1, 2021		Impairment charges		Foreign exchange effect		As of December 31, 2021
Software	$	—	$	(4)	$	—	$	(4)
Health Canada licenses	(1,053)		(5,951)		94		(6,910)
Ginkgo exclusive license	—		(4,792)		40		(4,752)
Lord Jones® brand	(5,000)		(57,500)		—		(62,500)
Trademarks	—		(142)		—		(142)
	$	(6,053)	$	(68,389)	$	134	$	(74,308)


	As of January 1, 2020		Impairment charges		Foreign exchange effect		As of December 31, 2020
Health Canada licenses	$	—	$	(1,001)	$	(52)	$	(1,053)

Lord Jones® brand	—		(5,000)		—		(5,000)
	$	—	$	(6,001)	$	(52)	$	(6,053)

Schedule of Estimated Future Amortization of Definite-Lived Intangible Assets

The estimated future amortization of definite-lived intangible assets is as follows:


	As of December 31, 2021
2022	$	2,365
2023	2,339
2024	2,315
2025	2,007
2026	1,394
Thereafter	6,159
	$	16,579

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Lease Cost and Other Information


	As of December 31,
	2021			2020
Lease cost
Operating lease cost	$	2,530		$	2,479
Short-term lease cost	10			60
Total lease cost	$	2,540		$	2,539

Supplemental cash flow and other information
Operating cash flows - cash paid for operating lease obligations	$	2,458		$	2,414
Non-cash activity - right-of-use assets obtained in exchange for lease obligations	3,277			5,332

Weighted-average remaining lease term (years) – operating leases	4.3			5.5
Weighted-average discount rate – operating leases	7.65		%	8.86		%

Schedule of Future Minimum Lease Payments for Operating Leases

The following is a summary of the Company’s future minimum lease payments under operating leases for its premises due in future fiscal years:


	As of December 31, 2021
2022	$	2,778
2023	2,339
2024	2,095
2025	1,883
2026	882
Thereafter	686
Total lease payments	10,663
Less: imputed interest	(857)
Present value of lease liabilities	$	9,806

Derivative Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Reconciliation of Carrying Amounts

A reconciliations of the carrying amounts of the derivative liability are presented below:


	As of January 1, 2021		Gain on revaluation		Exercise of Rights		Foreign exchange effect		As of December 31, 2021
(a) Altria Warrant	$	138,858	$	(127,099)	$	—	$	1,961	$	13,720
(b) Pre-emptive Rights	12,095		(12,102)		—		187		180
(c) Top-up Rights	12,457		(12,159)		—		177		475
	$	163,410	$	(151,360)	$	—	$	2,325	$	14,375


	As of January 1, 2020		Gain on revaluation		Exercise of Rights		Foreign exchange effect		As of December 31, 2020
(a) Altria Warrant	$	234,428	$	(95,045)	$	—	$	(525)	$	138,858
(b) Pre-emptive Rights	12,787		(885)		—		193		12,095
(c) Top-up Rights	49,945		(33,324)		(3,227)		(937)		12,457
	$	297,160	$	(129,254)	$	(3,227)	$	(1,269)	$	163,410

Schedule of Fair Values of Derivative Liabilities

The fair values of the derivative liabilities were determined using the Black-Scholes pricing model using the following inputs:


	As of December 31, 2021
	Altria Warrant	Pre-emptive Rights	Top-up Rights
Share price at grant date (per share in C$)	$4.98	$4.98	$4.98
Subscription price (per share in C$)	$19.00	$16.25	$16.25
Weighted average risk-free interest rate(i)	0.79%	0.39%	0.50%
Weight average expected life (in years)(ii)	1.18	0.50	0.80
Expected annualized volatility(iii)	80%	80%	80%
Expected dividend yield	—%	—%	—%


	As of December 31, 2020
	Altria Warrant	Pre-emptive Rights	Top-up Rights
Share price at grant date (per share in C$)	$8.84	$8.84	$8.84
Subscription price (per share in C$)	$19.00	$16.25	$16.25
Weighted average risk-free interest rate(i)	0.21%	0.17%	0.13%
Weight average expected life (in years)(ii)	2.18	1.50	0.98
Expected annualized volatility(iii)	81%	81%	81%
Expected dividend yield	—%	—%	—%

Schedule of Sensitivity Analysis


	10% decrease as of December 31, 2021
	Altria Warrant		Pre-emptive Rights		Top-up Rights
Share price at issuance date	$	3,970	$	80	$	123
Weighted average expected life	2,971		171		133
Expected annualized volatility	5,402		96		155


	10% decrease as of December 31, 2020
	Altria Warrant		Pre-emptive Rights		Top-up Rights
Share price at issuance date	$	25,819	$	2,527	$	2,989
Weighted average expected life	13,541		1,988		2,121
Expected annualized volatility	26,183		2,269		2,602

Share-based Payments (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Stock-based Compensation Expense

The following table summarizes the total share-based payments associated with the Company’s stock options and RSUs:


	Year ended December 31,
	2021		2020		2019
Stock options	$	7,604	$	7,185	$	11,619
RSUs	2,547		8,176		889
Total share-based payments	$	10,151	$	15,361	$	12,508

Summary of the Changes in Options

The following is a summary of the changes in options:


	Weighted average exercise price (C$)(i)		Number of options	Weighted average remaining contractual term (years)
Balance as of January 1, 2021	$	5.40	13,755,148	2.30
Issuance of options	9.19		900,000
Exercise of options	2.11		(5,598,695)
Cancellation, forfeiture and expiry of options	12.37		(117,123)
Balance as of December 31, 2021	$	7.75	8,939,330	2.70
Exercisable at December 31, 2021	$	6.69	5,836,616	1.37


	Weighted average exercise price (C$)(i)		Number of options	Weighted average remaining contractual term (years)
Balance as of January 1, 2020	$	4.84	14,149,502	2.56
Issuance of options	6.96		2,000,000
Exercise of options	2.03		(2,131,939)
Cancellation, forfeiture and expiry of options	14.34		(262,415)
Balance as of December 31, 2020	$	5.40	13,755,148	2.30
Exercisable at December 31, 2020	$	3.75	9,643,682	1.34

(i)The weighted average exercise price reflects the conversion of foreign currency-denominated stock options translated into C$ using the average foreign exchange rate as of the date of issuance.

The following table summarizes stock options outstanding:


	Options outstanding as of December 31,
	2021	2020	2019
2020 Omnibus Plan	2,900,000	2,000,000	—
2018 Stock Option Plan	1,550,074	1,627,715	1,817,287
2015 Stock Option Plan	4,489,256	10,127,433	12,332,215
Total stock options outstanding	8,939,330	13,755,148	14,149,502

Fair Value of Options Issued

The fair value of the options issued during the year was determined using the Black-Scholes option pricing model, using the following inputs:


	2021	2020
Share price at grant date (per share)	C$9.19	C$6.96
Exercise price (per option)	C$9.19	C$6.96
Risk-free interest rate	1.39%	0.43%
Expected life of options (in years)(i)	7	5
Expected annualized volatility	75%	91%
Expected dividend yield	—	—
Weighted average Black-Scholes value at grant date (per option)	C$6.39	C$4.84
Forfeiture rate	—	—

Summary of Restricted Share Units Activity

The following is a summary of the changes in RSUs:


	Weighted average grant date fair value (C$)(ii)		Number of RSUs
Balance at January 1, 2021	$	7.66	948,357
Granted(i)	11.06		576,876
Vested and issued	7.57		(158,178)
Cancellation and forfeitures	8.03		(141,185)
Balance at December 31, 2021	$	9.22	1,225,870


	Weighted average grant date fair value (C$)(ii)		Number of RSUs
Balance at January 1, 2020	$	15.34	732,972
Granted(i)	7.66		957,854
Vested and issued	15.34		(732,972)
Cancellation and forfeitures	7.52		(9,497)
Balance at December 31, 2020	$	7.66	948,357

(ii)The weighted-average grant date fair value reflects the conversion of foreign currency-denominated RSUs translated into C$ using the foreign exchange rate as of the date of issuance.

Summary of Changes in Warrants and DSUs

The following is a summary of the changes in DSUs:


	Financial liability		Number of DSUs
Balance at January 1, 2021	$	577	83,293
Granting and vesting of DSUs	354		48,913
Liabilities settled	(203)		(27,764)
Gain on revaluation	(320)		—
Balance at December 31, 2021	$	408	104,442


	Financial liability		Number of DSUs
Balance at January 1, 2020	$	255	$	33,397
Granting and vesting of DSUs	338		58,380
Liabilities settled	(46)		(8,484)
Loss on revaluation	30		—
Balance at December 31, 2020	$	577	$	83,293

Summary of Outstanding Warrants

The following is a summary of the changes in warrants:


	Weighted average exercise price (C$)		Number of warrants
Balance as of January 1, 2021	$	0.25	7,987,349
Exercise of warrants	0.25		(7,987,349)
Balance as of December 31, 2021	$	—	—


	Weighted average exercise price (C$)		Number of warrants
Balance as of January 1, 2020	$	0.26	18,066,662
Exercise of warrants	0.27		(10,079,313)

Balance as of December 31, 2020	$	0.25	7,987,349

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) before Income Taxes

For financial reporting purposes, income (loss) from continuing operations before income taxes includes the following components:


	Year ended December 31,
	2021		2020		2019
Rest of World	$	(116,267)	$	12,679	$	1,169,007
United States	(280,868)		(85,952)		(3,070)
Total	$	(397,135)	$	(73,273)	$	1,165,937

Schedule of Expense for Income Taxes

Income tax expense (benefit) consists of the following components:


	Year ended December 31,
	2021		2020		2019
Current:
Rest of World	$	(382)	$	1,024	$	—
United States	(89)		323		—
Total	$	(471)	$	1,347	$	—
Deferred:
Rest of World	$	40	$	—	$	—
United States	—		—		—
Total	$	40	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of the expected income tax to the effective tax rate in continuing operations is as follows:


	Year ended December 31,
	2021			2020			2019
Income (loss) before income taxes	$	(397,135)		$	(73,273)		$	1,165,937
Effective income tax rate	26.5		%	26.5		%	26.5		%
Expected income tax expense (benefit)	$	(105,241)		$	(19,417)		$	308,973

Non-taxable income	39			(711)			(2,156)
Non-deductible share-based compensation	1,667			2,498			2,839
Non-deductible expenses	53			1,364			764
Non-deductible transaction costs	2,917			3,146			1,523
Effect of provincial tax rate difference	(1)			(15)			(44)
Effect of tax rates outside of Canada	(1,869)			(362)			70
Fair value gain on financial liabilities	(40,111)			(34,250)			(338,409)
Changes in valuation allowance	141,639			48,227			25,808
Other	476			867			632
Income tax expense (benefit), net	$	(431)		$	1,347		$	—

Schedule of Deferred Tax Assets and Liabilities

The following table summarizes the significant components of the Company’s deferred tax assets and liabilities:


	As of December 31,
	2021		2020
Deferred assets:
Tax loss carryforwards	$	111,373	$	67,476
Interest expense carryforwards	1,047		1,407
Deferred financing costs	2,788		4,233
Share issuance cost	834		1,573
Finance lease obligation	1,847		1,953
Plant and equipment	38,119		5,945
Investment	900		307
Intangible asset	65,088		4,218
Reserve	3,633		1,858
Other	1,450		570
Total deferred tax assets	227,079		89,540
Less valuation allowance	(224,776)		(85,935)
Net deferred tax assets	2,303		3,605
Deferred tax liabilities:




Health Canada license	—		(1,662)
Right-of-use assets	(1,860)		(1,943)
Unrealized foreign exchange	(483)		—
Total deferred tax liabilities	(2,343)		(3,605)
Net deferred tax liability	$	(40)	$	—

Summary of Income Tax Examinations


Jurisdiction						Open Years
Canada						2016 – 2021
United States						2019 – 2021
Israel						2018 – 2021

Summary of Valuation Allowance

The following table outlines the movements in the valuation allowance:


	Balance at beginning of year		Foreign exchange effect		Increase		Balance at end of year
Year ended December 31, 2021	$	(85,935)	$	2,798	$	(141,639)	$	(224,776)
Year ended December 31, 2020	(36,948)		(693)		(48,294)		(85,935)

Segment Information and Disaggregated Net Revenue (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Data and Adjusted EBITDA

The tables below set forth our consolidated results of operations by segment:


	Year ended December 31, 2021
	United States		Rest of World		Corporate		Total
Cannabis flower	$	—	$	55,194	$	—	$	55,194
Cannabis extracts	9,874		8,807		—		18,681
Other	—		560		—		560
Net revenue	9,874		64,561		—		74,435

Share of loss from equity accounted investments	—		6,313		—		6,313

Interest income	40		9,058		—		9,098
Interest expense	—		(27)		—		(27)
Interest income (expense), net	40		9,031		—		9,071

Total assets	462,830		273,484		661,424		1,397,738
Depreciation and amortization	295		4,189		—		4,484
Impairment loss on goodwill and indefinite-lived assets	236,019		37		—		236,056
Impairment loss on long-lived assets	2,955		124,664		—		127,619
Loss from discontinued operations	—		(500)		—		(500)
Adjusted EBITDA	(40,717)		(99,139)		(20,607)		(160,463)
Purchase of property, plant and equipment, net	776		10,368		—		11,144


	Year ended December 31, 2020
	United States		Rest of World		Corporate		Total
Cannabis flower	$	—	$	27,932	$	—	$	27,932
Cannabis extracts	9,495		8,759		—		18,254
Other	—		533		—		533
Net revenue	9,495		37,224		—		46,719

Share of loss from equity accounted investees	—		4,510		—		4,510

Interest income	16		18,585		—		18,601
Interest expense	(34)		(152)		—		(186)
Interest income, net	(18)		18,433		—		18,415

Total assets	253,745		388,351		1,283,586		1,925,682
Depreciation and amortization	234		2,638		—		2,872
Impairment loss on goodwill and indefinite-lived assets	40,000		—		—		40,000

Loss from discontinued operations	—		(650)		—		(650)
Adjusted EBITDA	(28,019)		(98,349)		(20,885)		(147,253)
Purchase of property, plant and equipment, net	385		31,027		—		31,412


	Year ended December 31, 2019
	United States		Rest of World		Corporate		Total
Cannabis flower	$	—	$	15,020	$	—	$	15,020
Cannabis extracts	3,364		5,338		—		8,702
Other	—		28		—		28
Net revenue	3,364		20,386		—		23,750

Share of loss from equity accounted investees	—		2,009		—		2,009

Interest income	6		29,207		—		29,213
Interest expense	—		(1,244)		—		(1,244)
Interest income, net	6		27,963		—		27,969

Total assets	293,985		309,854		1,486,603		2,090,442
Depreciation and amortization	46		2,044		—		2,090

Loss from discontinued operations	—		(363)		—		(363)
Adjusted EBITDA	(1,703)		(84,826)		(11,779)		(98,308)
Purchase of property, plant and equipment, net	259		38,405		—		38,664


(in thousands of U.S. dollars)	Year ended December 31, 2021
	US		ROW		Corporate		Total
Net income (loss)	$	(283,883)	$	(81,811)	$	(31,510)	$	(397,204)
Interest income, net	(40)		(9,031)		—		(9,071)
Income tax benefit	(89)		(342)		—		(431)
Share of loss from equity accounted investments	—		6,313		—		6,313
Impairment loss on goodwill and indefinite-lived intangible assets(i)	236,019		37		—		236,056
Impairment loss on long-lived assets(ii)	2,955		124,664		—		127,619
Gain on revaluation of derivative liabilities(iii)	—		(151,360)		—		(151,360)
Gain on revaluation of financial instruments(iv)	—		(8,611)		—		(8,611)
Transaction costs(v)	—		—		3,801		3,801

Other, net(vii)	3		(733)		—		(730)
Loss from discontinued operations(viii)	—		500		—		500
Share-based payments(ix)	3,401		6,750		—		10,151
Financial statement review costs(x)	—		—		7,102		7,102

Depreciation and amortization	917		14,485		—		15,402
Adjusted EBITDA	$	(40,717)	$	(99,139)	$	(20,607)	$	(160,463)


(in thousands of U.S. dollars)	Year ended December 31, 2020
	US		ROW		Corporate		Total
Net income (loss)	$	(77,368)	$	32,671	$	(30,573)	$	(75,270)
Interest expense (income), net	18		(18,433)		—		(18,415)
Income tax expense	323		1,024		—		1,347
Share of loss from equity accounted investments	—		4,510		—		4,510
Impairment loss on goodwill and indefinite-lived intangible assets(i)	40,000		—		—		40,000

Gain on revaluation of derivative liabilities(iii)	—		(129,254)		—		(129,254)
Loss on revaluation of financial instruments(iv)	—		9		—		9
Transaction costs(v)	40		—		—		40
Gain on disposal of other investments(vi)	—		(4,789)		—		(4,789)
Other, net(vii)	20		1,805		—		1,825
Loss from discontinued operations(viii)	—		650		—		650
Share-based payments(ix)	8,714		6,647		—		15,361
Financial statement review costs(x)	—		—		9,688		9,688
Depreciation and amortization	234		6,811		—		7,045
Adjusted EBITDA	$	(28,019)	$	(98,349)	$	(20,885)	$	(147,253)


(in thousands of U.S. dollars)	Year ended December 31, 2019
	US		ROW		Corporate		Total
Net income (loss)	$	(2,888)	$	1,180,241	$	(11,779)	$	1,165,574
Interest income, net	(6)		(27,963)		—		(27,969)


Repurposing charges	—		7,268		—		7,268
Share of loss from equity accounted investments	—		2,009		—		2,009
Gain on revaluation of derivative liabilities(iii)	—		(1,276,819)		—		(1,276,819)
Gain on revaluation of financial instruments(iv)	—		(197)		—		(197)
Transaction costs(v)	117		32,091		—		32,208
Gain on disposal of investments(vi)	—		(16,277)		—		(16,277)



Loss from discontinued operations(viii)	—		363		—		363

Share-based payments(ix)	900		10,719		—		11,619
Depreciation and amortization	174		3,739		—		3,913
Adjusted EBITDA	$	(1,703)	$	(84,826)	$	(11,779)	$	(98,308)

(vii)For the years ended December 31, 2021 and 2020, other, net is primarily related to (gain) loss on reclassification of held-for-sale assets and (gain) loss on disposal of assets.

Schedule of Revenue from External Customers by Geographic Areas

Net revenue attributed to a geographic region based on the location of the customer were as follows:


	Year ended December 31,
	2021		2020
Canada	$	50,294	$	34,538
Israel	13,376		2,539
United States	9,874		9,495
Other countries	891		147
Net revenue	$	74,435	$	46,719

Property, plant and equipment, net were physically located in the following geographic regions:


	As of December 31,
	2021		2020
Canada	$	49,117	$	162,163
United States	480		2,293
Israel	24,473		23,143
Total	$	74,070	$	187,599

Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share from continued and discontinued operations are calculated as follows:


	Year ended December 31,
	2021		2020		2019
Basic earnings (loss) per share computation
Net income (loss) from continuing operations attributable to the shareholders of Cronos Group	$	(395,607)	$	(72,487)	$	1,166,869
Weighted-average number of common shares outstanding	370,390,965		351,576,848		310,067,179
Basic earnings (loss) from continuing operations per share	$	(1.07)	$	(0.21)	$	3.76

Loss from discontinued operations attributable to the shareholders of Cronos Group	$	(500)	$	(650)	$	(363)
Weighted-average number of common shares outstanding	370,390,965		351,576,848		310,067,179
Basic loss from discontinued operations per share	$	—	$	—	$	—


	Year ended December 31,
	2021		2020		2019
Diluted earnings (loss) per share computation
Net income (loss) used in the computation of basic earnings (loss) from continuing operations per share	$	(395,607)	$	(72,487)	$	1,166,869
Adjustment for exercise of rights on derivative liabilities	—		—		(24,416)
Net income (loss) used in the computation of diluted earnings (loss) from continuing operations per share	(395,607)		(72,487)		1,142,453

Weighted-average number of common shares outstanding used in the computation of basic earnings (loss) per share	370,390,965		351,576,848		310,067,179
Dilutive effect of warrants	—		—		19,481,352
Dilutive effect of stock options	—		—		10,649,487
Dilutive effect of restricted share units	—		—		732,972


Dilutive effect of Top-up Rights - market price	—		—		1,881,002


Weighted-average number of common shares for computation of diluted earnings (loss) from continuing operations per share(i)	370,390,965		351,576,848		342,811,992
Diluted earnings (loss) per share from continuing operations	$	(1.07)	$	(0.21)	$	3.33

Loss from discontinued operations attributable to the shareholders of Cronos Group	$	(500)	$	(650)	$	(363)
Weighted-average number of common shares for computation of diluted earnings (loss) from discontinued operations per share	370,390,965		351,576,848		342,811,992
Diluted loss from discontinued operations per share	$	0.00	$	0.00	$	0.00

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Risks and Uncertainties [Abstract]

Schedule of Fair Value of Assets


	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	886,973	$	—	$	—	$	886,973
Short-term investments	117,684		—		—		117,684
Other investments(i)	8,000		—		—		8,000
Derivative liabilities	—		—		14,375		14,375


	As of December 31, 2020
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	1,078,023	$	—	$	—	$	1,078,023
Short-term investments	211,766		—		—		211,766
Derivative liabilities	—		—		163,410		163,410

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Related Party Transactions

The Company incurred the following expenses for consulting services from Altria Pinnacle LLC, a subsidiary of Altria (“Altria Pinnacle”):


	Year ended December 31,
	2021		2020		2019
Altria Pinnacle – expense	$	436	$	1,199	$	3,479

The Company made the following purchases of cannabis products from Cronos GrowCo:


	Year ended December 31,
	2021		2020		2019
Cronos GrowCo – purchases	$	4,820	$	—	$	—

Held-For-Sale Assets and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations

The following table summarizes the financial information for discontinued operations:


	Year ended December 31,
	2021		2020		2019
Loss from discontinued operations, net of income taxes	$	(500)	$	(650)	$	(363)


	As of December 31,
	2021		2020
OGBC assets classified as held-for-sale	$	—	$	1,176

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Background (Details)	Dec. 31, 2021 venture
Schedule of Equity Method Investments [Line Items]
Number of strategic joint ventures	3
Cronos Australia
Schedule of Equity Method Investments [Line Items]
Ownership interest	10.00%

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Schedule of Consolidated Entities (Details)	12 Months Ended
	Dec. 31, 2021
Cronos Israel G.S. Cultivations Ltd.
Subsidiary or Equity Method Investee [Line Items]
Ownership interest	70.00%
Cronos Israel G.S. Manufacturing Ltd.
Subsidiary or Equity Method Investee [Line Items]
Ownership interest	90.00%
Cronos Israel G.S. Store Ltd.
Subsidiary or Equity Method Investee [Line Items]
Ownership interest	90.00%
Cronos Israel G.S. Pharmacies Ltd.
Subsidiary or Equity Method Investee [Line Items]
Ownership interest	90.00%

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Out-of-period Adjustments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Accrued liabilities	$ 26,069	$ 22,756
Other receivables	5,765	10,033
Retained earnings	659,416	1,064,509
Share capital	595,497	569,260
Gain on revaluation of derivative liabilities	151,360	129,254	$ 1,276,819
Additional paid-in capital	$ 32,465	34,596
Revision of Prior Period, Error Correction, Adjustment \| Error Related To Withholding Taxes On The Net Exercise Of Stock Options
Schedule of Equity Method Investments [Line Items]
Accrued liabilities		966
Other receivables		(3,202)
Retained earnings		(3,838)
Share capital		(330)
Revision of Prior Period, Error Correction, Adjustment \| Error Related To Exercise Of Top-Up Rights
Schedule of Equity Method Investments [Line Items]
Share capital		(3,227)
Gain on revaluation of derivative liabilities		3,227
Revision of Prior Period, Error Correction, Adjustment \| Error Related to Accelerated Vesting
Schedule of Equity Method Investments [Line Items]
Share capital		4,802
Additional paid-in capital		$ (4,802)

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Schedule of Property, Plant & Equipment, Useful Lives (Details)	12 Months Ended
	Dec. 31, 2021
Building and leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant & equipment, useful life	15 years
Building and leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant & equipment, useful life	20 years
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant & equipment, useful life	5 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant & equipment, useful life	7 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant & equipment, useful life	5 years

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Schedule of Intangible Assets Amortization Methods and Rates (Details)	12 Months Ended
	Dec. 31, 2021
Software
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	5 years
Ginkgo exclusive licenses
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	10 years

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Accrued payroll and related expenses	$ 13,308	$ 9,697
Accrued professional fees	8,337	7,395
Accrued taxes	3,488	2,843
Other accrued expenses	936	2,821
Total accrued liabilities	$ 26,069	$ 22,756

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Advertising Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Advertising costs	$ 11,514	$ 6,087	$ 1,287

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Impairment of Goodwill and Indefinite-lived Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2021 reportingUnit
Accounting Policies [Abstract]
Number of reporting units	2

Background, Basis of Presentation, and Summary of Significant Accounting Policies - Segment Structure (Details)	12 Months Ended
	Dec. 31, 2021 segment
Accounting Policies [Abstract]
Number of reportable segments	2

Inventory, net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 9,211	$ 11,489
Work-in-progress	12,405	26,278
Finished goods	10,778	5,905
Supplies and consumables	408	330
Total	$ 32,802	$ 44,002

Investments - Variable Interest Entities and Investments in Equity Accounted Investees, Net (Details) ₪ in Thousands, $ in Thousands			12 Months Ended
	Dec. 31, 2021 CAD ($)	Mar. 13, 2018	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2021 CAD ($)	Dec. 31, 2021 ILS (₪)
Variable Interest Entity [Line Items]
Dissolution agreement, cash distributed	$ 220
Dissolution agreement, cash held					$ 118
Investments in equity accounted investees, net			$ 16,764,000	$ 19,235,000
Cronos GrowCo \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Impairment loss			0
Ownership interest				50.00%
MedMen Canada Inc. \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership interest		50.00%		50.00%
NatuEra \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Impairment loss			$ 167,000
Ownership interest			50.00%	50.00%
Investments in equity accounted investees, net			$ 0
Cannasoul Analytics Ltd. \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Collaborative arrangement, percentage of profits to be received			70.00%		70.00%	70.00%
Collaborative arrangement, profits to be received, maximum percentage of amounts advanced			150.00%		150.00%	150.00%
Collaborative arrangement, percentage of profits to be received, triggering event, subsequent to maximum percentage of amounts advanced being met			50.00%		50.00%	50.00%
Cannasoul Analytics Ltd. \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement \| Cannasoul Collaboration Loan \| Variable Interest Entity, Not Primary Beneficiary \| Loans Receivable
Variable Interest Entity [Line Items]
Collaboration agreement, amount of advances			$ 2,664,000			₪ 8,297
Collaborative arrangement, term of agreement			2 years
Interest rate			3.50%		3.50%	3.50%

Investments - Schedule of Investments (Details)			12 Months Ended
Investments - Schedule of Investments (Details)	Apr. 01, 2021 USD ($)	Mar. 13, 2018	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in equity accounted investees, net			$ 16,764,000	$ 19,235,000
Share of loss from equity accounted investments			(6,313,000)	(4,510,000)	$ (2,009,000)
Equity Method Investment, Summarized Financial Information [Abstract]
Current assets			1,079,718,000	1,372,172,000
Current liabilities			54,373,000	206,834,000
Income Statement [Abstract]
Revenue			74,435,000	46,719,000	23,750,000
Gross profit			(17,534,000)	(25,833,000)	(17,597,000)
Net loss			(397,204,000)	(75,270,000)	1,165,574,000
Other investments			118,392,000	0
Loans Receivable
Schedule of Equity Method Investments [Line Items]
Loans receivable			86,095,000	94,274,000
Natuera Series A Loan \| Loans Receivable
Schedule of Equity Method Investments [Line Items]
Advances to affiliates	$ 7,750,000
Funding commitment percentage	0.50
Loans receivable	$ 2,013,000
Accrued interest	540,000
Transfer to investments in equity accounted investees	$ 2,553,000
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Investments in equity accounted investees, net			16,764,000	19,235,000
Equity Method Investments
Equity Method Investment, Summarized Financial Information [Abstract]
Current assets			5,660,000	19,126,000	23,200,000
Non-current assets			125,777,000	122,099,000	76,212,000
Current liabilities			13,457,000	24,223,000	52,796,000
Non-current liabilities			81,594,000	76,313,000	33,189,000
Income Statement [Abstract]
Revenue			8,186,000	367,000	52,000
Gross profit			(5,059,000)	(631,000)	0
Net loss			(12,603,000)	(11,453,000)	(2,048,000)
Cronos Australia
Schedule of Equity Method Investments [Line Items]
Share of loss from equity accounted investments			$ (48,000)	(363,000)	(1,101,000)
Income Statement [Abstract]
Ownership interest			10.00%
Other investments			$ 8,000,000
Cronos Australia \| Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Investments in equity accounted investees, net				$ 0
Cronos Australia \| Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership interest			10.00%	31.00%
Cronos Australia \| Variable Interest Entity, Not Primary Beneficiary \| Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Ownership interest			31.00%
Cronos GrowCo
Schedule of Equity Method Investments [Line Items]
Share of loss from equity accounted investments			$ (2,518,000)	$ (1,537,000)	(167,000)
Cronos GrowCo \| Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Investments in equity accounted investees, net			16,764,000	$ 19,235,000
Cronos GrowCo \| Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership interest				50.00%
Impairment loss			$ 0
Cronos GrowCo \| Variable Interest Entity, Not Primary Beneficiary \| Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Ownership interest			50.00%
NatuEra
Schedule of Equity Method Investments [Line Items]
Share of loss from equity accounted investments			$ (3,747,000)	$ (2,610,000)	(805,000)
NatuEra \| Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Investments in equity accounted investees, net			$ 0	$ 0
NatuEra \| Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership interest			50.00%	50.00%
Investments in equity accounted investees, net			$ 0
Impairment loss			$ 167,000
NatuEra \| Variable Interest Entity, Not Primary Beneficiary \| Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Ownership interest			50.00%
Whistler
Schedule of Equity Method Investments [Line Items]
Share of loss from equity accounted investments			$ 0	$ 0	29,000
MedMen Canada Inc.
Schedule of Equity Method Investments [Line Items]
Share of loss from equity accounted investments			$ 0	$ 0	$ 35,000
MedMen Canada Inc. \| Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership interest		50.00%		50.00%
PharmaCann, Inc
Income Statement [Abstract]
Ownership interest			10.50%
Other investments			$ 110,392,000	$ 0

Investments - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 13, 2018	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Other Net Assets (Liabilities)		$ 36,386	$ 111,456
Maximum Exposure to Loss		$ 28,951	$ 31,276
Cronos Australia \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership interest		10.00%	31.00%
Other Net Assets (Liabilities)			$ 8,976
Maximum Exposure to Loss			$ 1,530
Cronos GrowCo \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership interest			50.00%
Other Net Assets (Liabilities)		$ 33,674	$ 109,329
Maximum Exposure to Loss		$ 21,125	$ 21,125
MedMen Canada Inc. \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership interest	50.00%		50.00%
Other Net Assets (Liabilities)			$ 0
Maximum Exposure to Loss			$ 467
NatuEra \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership interest		50.00%	50.00%
Other Net Assets (Liabilities)		$ 2,712	$ (6,849)
Maximum Exposure to Loss		$ 7,826	$ 8,154

Investments - Other Investments (Details) $ / shares in Units, $ in Thousands, $ in Thousands		12 Months Ended
	Jun. 14, 2021 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 16, 2021 seat	Dec. 15, 2021 seat	Oct. 12, 2021	Sep. 14, 2021 AUD ($)
Schedule of Investments [Line Items]
Sale of stock, number of shares issued in transaction (in shares) \| shares	473,787
Sale of stock, price per share (in dollars per share) \| $ / shares	$ 0.0001
Percentage of ownership after transaction	10.50%
Payments to acquire other investments	$ 110,392
Gain on revaluation of financial instruments		$ 8,611	$ (9)	$ 197
Other investments		$ 118,392	$ 0
Pharmacann \| LivWell Holdings, Inc.
Schedule of Investments [Line Items]
Merger agreement, threshold ownership percentage							6.00%
CDA Health Pty Ltd \| CDA Health Pty Ltd
Schedule of Investments [Line Items]
Ownership interest		100.00%
Cronos Australia
Schedule of Investments [Line Items]
Unsecured loan								$ 1,500
Ownership interest					10.00%
Number of seats on board of directors \| seat					1	2
Gain on revaluation of financial instruments		$ 8,287
Other investments		$ 8,000

Investments - Summary of Gain from Disposals of Investments (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 04, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt and Equity Securities, FV-NI [Line Items]
Gain on disposal of investments		$ 0	$ 4,789	$ 16,277
Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Gain on disposal of investments		0	4,789	16,277
Equity Securities \| Canopy
Debt and Equity Securities, FV-NI [Line Items]
Gain on disposal of investments		0	0	$ 51
Investment owned, number of shares sold (in shares)				11,602
Proceeds from sale of equity securities, FV-NI				$ 355
Equity Securities \| Whistler
Debt and Equity Securities, FV-NI [Line Items]
Gain on disposal of investments		0	$ 0	15,530
Investment owned, number of shares sold (in shares)	2,563		980,662
Investment owned, shares sold, percentage of shares issued and outstanding	19.00%
Shares received (in shares)			980,662
Equity Securities \| Aurora
Debt and Equity Securities, FV-NI [Line Items]
Gain on disposal of investments		$ 0	$ 4,789	$ 696
Investment owned, number of shares sold (in shares)				2,524,341
Proceeds from sale of equity securities, FV-NI			$ 4,789	$ 19,259
Shares received (in shares)	2,524,341

Loan Receivable, net - Schedule of Loan Receivable (Details) ₪ in Thousands			12 Months Ended
	Apr. 01, 2021 USD ($)	Jun. 28, 2019 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CAD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CAD ($)	Dec. 31, 2021 ILS (₪)	Dec. 31, 2020 ILS (₪)	Aug. 31, 2019 CAD ($)	Aug. 23, 2019 CAD ($)	Jun. 28, 2019 CAD ($)
Financing Receivable, after Allowance for Credit Loss, Current [Abstract]
Total current portion of loans receivable			$ 5,460,000		$ 7,083,000
Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Total long-term portion of loans receivable			80,635,000		87,191,000
Current expected credit loss			12,202,000		2,437,000
Loans Receivable
Financing Receivable, after Allowance for Credit Loss, Current [Abstract]
Add: Current portion of accrued interest			2,322,000		428,000
Total current portion of loans receivable			5,460,000		7,083,000
Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Add: Long-term portion of accrued interest			0		2,667,000
Total long-term portion of loans receivable			80,635,000		87,191,000
Total loans receivable			86,095,000		94,274,000
Natuera Series A Loan \| Loans Receivable
Financing Receivable, after Allowance for Credit Loss, Current [Abstract]
Current portion of loans receivable, before accrued interest			0		3,518,000
Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Total loans receivable	$ 2,013,000
Advances to affiliates	$ 7,750,000
Funding commitment percentage	50.00%
Funding commitment percentage	0.50
Accrued interest	$ 540,000
Transfer to investments in equity accounted investees	$ 2,553,000
Current expected credit loss			(737,000)		685,000
GrowCo Facility \| Loans Receivable
Financing Receivable, after Allowance for Credit Loss, Current [Abstract]
Current portion of loans receivable, before accrued interest			3,138,000		3,137,000
Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Long term portion of loans receivable, before accrued interest			64,367,000		69,939,000
Face amount									$ 105,000,000	$ 100,000
Current expected credit loss			12,748,000		1,470,000
Draw downs			81,598,000	$ 104,000,000	74,626,000	$ 95,150,000
2645485 Ontario Inc. Mucci Promissory Note \| Loans Receivable
Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Long term portion of loans receivable, before accrued interest			14,019,000		13,324,000
Face amount		$ 12,828,000									$ 16,350,000
Stated interest rate		3.95%									3.95%
Due on demand, term		90 days
Due on demand, intended demand term, minimum		12 months
Cannasoul Collaboration Loan \| Loans Receivable
Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Long term portion of loans receivable, before accrued interest			2,249,000		1,261,000
Current expected credit loss			374,000		25,000
Cannasoul Collaboration Loan \| Loans Receivable \| Establishment of a Commercial Cannabis Analytical Testing Laboratoy \| Cannasoul Analytics Ltd. \| Variable Interest Entity, Not Primary Beneficiary
Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]
Collaborative arrangement, installment received			$ 2,664,000		$ 1,287,000		₪ 8,297	₪ 4,148

Loan Receivable, net - Schedule of Expected Credit Loss Allowances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 2,563	$ 0
Current expected credit loss	12,202	2,437
Foreign exchange effect	(171)	126
Ending balance	14,594	2,563
Financing receivable, credit loss, expense, including transferred into investment	12,939	2,437
GrowCo Facility \| Loans Receivable
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,546	0
Current expected credit loss	12,748	1,470
Foreign exchange effect	(205)	76
Ending balance	14,089	1,546
Natuera Series A Loan \| Loans Receivable
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	721	0
Current expected credit loss	(737)	685
Foreign exchange effect	16	36
Ending balance	0	721
Mucci Promissory Note \| Loans Receivable
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	270	0
Current expected credit loss	(183)	257
Foreign exchange effect	3	13
Ending balance	90	270
Cannasoul Collaboration Loan \| Loans Receivable
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	26	0
Current expected credit loss	374	25
Foreign exchange effect	15	1
Ending balance	$ 415	$ 26

Property, Plant and Equipment, net - Narrative (Details) ft² in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2021 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Property, Plant and Equipment [Line Items]
Aggregate depreciation expense		$ 11,668,000	$ 9,052,000	$ 3,263,000
Impairment loss on long-lived assets		127,619,000	$ 0	$ 0
Lessee, operating lease, area of land to be disposed of \| ft²	6
Operating lease, impairment loss		702,000
United States
Property, Plant and Equipment [Line Items]
Impairment loss on long-lived assets		1,214,000
Facility in Stayner, Ontario, Canada
Property, Plant and Equipment [Line Items]
Impairment loss on long-lived assets		$ 113,917,000
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Impairment loss on long-lived assets	$ 1,039,000

Property, Plant and Equipment, net - Schedule of Property, Plant & Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cost	$ 218,677	$ 205,894
Accumulated depreciation	(30,306)	(18,295)
Accumulated impairment charges	(114,301)	0
Net	74,070	187,599
Land
Property, Plant and Equipment [Line Items]
Cost	2,822	3,197
Accumulated depreciation	0	0
Accumulated impairment charges	0	0
Net	2,822	3,197
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	188,522	162,326
Accumulated depreciation	(22,720)	(13,970)
Accumulated impairment charges	(109,177)	0
Net	56,625	148,356
Machinery and equipment
Property, Plant and Equipment [Line Items]
Cost	18,894	14,032
Accumulated depreciation	(5,778)	(3,195)
Accumulated impairment charges	(3,876)	0
Net	9,240	10,837
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Cost	5,937	5,502
Accumulated depreciation	(1,808)	(1,130)
Accumulated impairment charges	(615)	0
Net	3,514	4,372
Construction in progress
Property, Plant and Equipment [Line Items]
Cost	2,502	20,837
Accumulated depreciation	0	0
Accumulated impairment charges	(633)	0
Net	$ 1,869	$ 20,837

Property, Plant and Equipment, net - Schedule of Impaired Intangible Assets (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Accumulated Impairment, Property, Plant, and Equipment [Roll Forward]
As of January 1, 2021	$ 0
Impairment charges	116,170
Foreign exchange effect	(1,869)
As of December 31, 2021	114,301
Building and leasehold improvements
Accumulated Impairment, Property, Plant, and Equipment [Roll Forward]
As of January 1, 2021	0
Impairment charges	110,963
Foreign exchange effect	(1,786)
As of December 31, 2021	109,177
Machinery and equipment
Accumulated Impairment, Property, Plant, and Equipment [Roll Forward]
As of January 1, 2021	0
Impairment charges	3,939
Foreign exchange effect	(63)
As of December 31, 2021	3,876
Furniture and fixtures
Accumulated Impairment, Property, Plant, and Equipment [Roll Forward]
As of January 1, 2021	0
Impairment charges	625
Foreign exchange effect	(10)
As of December 31, 2021	615
Construction in progress
Accumulated Impairment, Property, Plant, and Equipment [Roll Forward]
As of January 1, 2021	0
Impairment charges	643
Foreign exchange effect	(10)
As of December 31, 2021	$ 633

Intangible Assets and Goodwill, net - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Cost	$ 214,512	$ 214,829
Accumulated impairment charges	(213,414)	(35,307)
Net	1,098	179,522
Goodwill [Roll Forward]
Balance at beginning of period	(35,307)	0
Impairment charges		(35,292)
Foreign exchange effect		(15)
Balance at end of period	(213,414)	(35,307)
Discontinued Operations, Disposed of by Sale \| OGBC
Goodwill [Line Items]
Cost		307
Accumulated impairment charges		(307)
Net		0
Goodwill [Roll Forward]
Balance at beginning of period	(307)	0
Impairment charges		(292)
Foreign exchange effect		(15)
Balance at end of period		(307)
Peace Naturals
Goodwill [Line Items]
Cost	1,098	1,108
Accumulated impairment charges	0	0
Net	1,098	1,108
Goodwill [Roll Forward]
Balance at beginning of period	0
Balance at end of period	0	0
Redwood
Goodwill [Line Items]
Cost	213,414	213,414
Accumulated impairment charges	(213,414)	(35,000)
Net	0	178,414
Goodwill [Roll Forward]
Balance at beginning of period	(35,000)	0
Impairment charges	(178,414)	(35,000)
Foreign exchange effect	0	0
Balance at end of period	$ (213,414)	$ (35,000)

Goodwill and Intangible Assets, net - Narrative (Details)	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 USD ($) cannabinoid	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($) subsidiary shares
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,098,000	$ 1,098,000	$ 1,098,000	$ 179,522,000
Goodwill, impairment loss				35,292,000
Amortization of intangible assets			1,800,000	814,000	$ 646,000
Impairment loss on long-lived assets			127,619,000	0	$ 0
Redwood
Finite-Lived Intangible Assets [Line Items]
Number of operating subsidiaries acquired \| subsidiary					4
Consideration transferred					$ 283,300,000
Payments to acquire businesses					$ 227,191,000
Consideration transferred, common shares (in shares) \| shares					5,086,586
Consideration transferred, common shares, amount					$ 56,109,000
Goodwill					$ 213,414,000
Ginkgo exclusive license
Finite-Lived Intangible Assets [Line Items]
Impairment loss on long-lived assets			4,792,000
Number of impaired cannabinoids \| cannabinoid		2
United States
Finite-Lived Intangible Assets [Line Items]
Goodwill, impairment loss			178,414,000	35,000,000
United States \| Lord Jones brand
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets, indefinite-lived (excluding goodwill)	1,000,000		56,500,000	5,000,000
Peace Naturals
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,098,000	$ 1,098,000	1,098,000	$ 1,108,000
Peace Naturals \| Health Canada licenses
Finite-Lived Intangible Assets [Line Items]
Impairment loss on long-lived assets			$ 5,951,000

Intangible Assets and Goodwill, net - Schedule of Intangible Assets, net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Cost	$ 32,097	$ 13,677
Accumulated amortization	(3,852)	(2,052)
Accumulated impairment charges	(11,666)	(1,053)
Net	16,579	10,572
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Cost	96,239	77,825
Accumulated amortization	(3,852)	(2,052)
Accumulated impairment charges	(74,308)	(6,053)	$ 0
Intangible assets, net	18,079	69,720
Lord Jones brand
Indefinite-lived Intangible Assets [Line Items]
Cost	64,000	64,000
Accumulated impairment charges	(62,500)	(5,000)	0
Net	1,500	59,000
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Cost	142	148
Accumulated impairment charges	(142)	0
Net	0	148
Software
Finite-Lived Intangible Assets [Line Items]
Cost	5,644	4,565
Accumulated amortization	(1,595)	(565)
Accumulated impairment charges	(4)	0
Net	4,045	4,000
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated amortization	(1,595)	(565)
Health Canada licenses
Finite-Lived Intangible Assets [Line Items]
Cost	8,793	8,790
Accumulated amortization	(1,883)	(1,465)
Accumulated impairment charges	(6,910)	(1,053)	$ 0
Net	0	6,272
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated amortization	(1,883)	(1,465)
Ginkgo exclusive license
Finite-Lived Intangible Assets [Line Items]
Cost	17,330
Accumulated amortization	(335)
Accumulated impairment charges	(4,752)	0
Net	12,243
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated amortization	(335)
Israeli codes
Finite-Lived Intangible Assets [Line Items]
Cost	330	322
Accumulated amortization	(39)	(22)
Net	291	300
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated amortization	$ (39)	$ (22)

Intangible Assets and Goodwill, net - Schedule of Intangible Assets Footnote (Details) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Thousands					12 Months Ended
	Nov. 12, 2021 USD ($) cannabinoid shares	Nov. 12, 2021 CAD ($) shares	Aug. 21, 2021 USD ($) shares	Aug. 21, 2021 CAD ($) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($) shares	Nov. 12, 2021 $ / shares	Aug. 21, 2021 $ / shares	Jun. 14, 2021 $ / shares
Finite-Lived Intangible Assets [Line Items]
Sale of stock, price per share (in dollars per share) \| $ / shares									$ 0.0001
Consideration given						$ 304,821
Cannabigerolic Acid Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Sale of stock, price per share (in dollars per share) \| $ / shares								$ 7.90
Consideration given			$ 9,042	$ 11,593
Fair value			$ 7,300
Intangible assets, useful life			10 years	10 years
Period decrease					$ 1,784
Cannabigerovarinic Acid Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Sale of stock, price per share (in dollars per share) \| $ / shares							$ 7.12
Consideration given	$ 8,150	$ 10,449
Fair value	$ 5,300
Intangible assets, useful life	10 years	10 years
Period decrease					$ 3,008
Common Shares
Finite-Lived Intangible Assets [Line Items]
Shares issued (in shares) \| shares						155,773,757
Consideration given						$ 304,411
Common Shares \| Cannabigerolic Acid Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Shares issued (in shares) \| shares			1,467,490	1,467,490
Common Shares \| Cannabigerovarinic Acid Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Shares issued (in shares) \| shares	1,467,490	1,467,490
Exclusivity rights, number of cannabinoids \| cannabinoid	8

Goodwill and Intangible Assets, net - Schedule of Estimated Future Amortization of Definite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 2,365
2023	2,339
2024	2,315
2025	2,007
2026	1,394
Thereafter	6,159
Net	$ 16,579	$ 10,572

Goodwill and Intangible Assets, net - Impairment Charges on Intangible Assets, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ (1,053)
Ending balance	(11,666)	$ (1,053)
Beginning balance	(6,053)	0
Impairment charges	(68,389)	(6,001)
Foreign exchange effect	134	(52)
Ending balance	(74,308)	(6,053)
Lord Jones brand
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	(5,000)	0
Impairment charges	(57,500)	(5,000)
Ending balance	(62,500)	(5,000)
Trademarks
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	0
Impairment charges	(142)
Ending balance	(142)	0
Software
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	0
Impairment charges	(4)
Foreign exchange effect	0
Ending balance	(4)	0
Health Canada licenses
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	(1,053)	0
Impairment charges	(5,951)	(1,001)
Foreign exchange effect	94	(52)
Ending balance	(6,910)	(1,053)
Ginkgo exclusive license
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	0
Impairment charges	(4,792)
Foreign exchange effect	40
Ending balance	$ (4,752)	$ 0

Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease, extension term	10 years
Operating lease, impairment loss	$ 702
General and Administrative Expense
Lessee, Lease, Description [Line Items]
Depreciation expense on right-of-use assets	$ 1,934	$ 1,310	$ 480
Land
Lessee, Lease, Description [Line Items]
Operating lease, term	15 years
Minimum \| Office Premises and Equipment
Lessee, Lease, Description [Line Items]
Operating lease, term	3 years
Maximum \| Office Premises and Equipment
Lessee, Lease, Description [Line Items]
Operating lease, term	6 years

Leases - Schedule of Lease Cost and Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lease cost
Operating lease cost	$ 2,530	$ 2,479
Short-term lease cost	10	60
Total lease cost	2,540	2,539
Supplemental cash flow and other information
Operating cash flows - cash paid for operating lease obligations	2,458	2,414
Non-cash activity - right-of-use assets obtained in exchange for lease obligations	$ 3,277	$ 5,332
Weighted-average remaining lease term (years) – operating leases	4 years 3 months 18 days	5 years 6 months
Weighted-average discount rate – operating leases	7.65%	8.86%

Leases - Schedule of Future Minimum Lease Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 2,778
2023	2,339
2024	2,095
2025	1,883
2026	882
Thereafter	686
Total lease payments	10,663
Less: imputed interest	(857)
Present value of lease liabilities	$ 9,806

Derivative Liabilities - Narrative (Details)	Mar. 08, 2019 warrant $ / shares shares	Dec. 31, 2021 shares
Cronos Group, Inc.
Derivative [Line Items]
Ownership interest	45.00%	42.00%
Common stock, shares issued (in shares) \| shares		156,573,537
Altria Investment
Derivative [Line Items]
Shares issued (in shares) \| shares	149,831,154
Cronos Group, Inc.
Derivative [Line Items]
Ownership percentage, if warrant exercised	55.00%	52.00%
Altria Investment
Derivative [Line Items]
Maximum additional subscription percentage	10.00%
Derivative liability, additional subscription (in shares) \| shares		83,322,820
Altria Warrant
Derivative [Line Items]
Number of warrants issued \| warrant	1
Exercise price (in dollars per share) \| $ / shares	$ 19.00
Pre-emptive Rights
Derivative [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 16.25
Exercise rights, minimum ownership percentage	20.00%
Top-up Rights
Derivative [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 16.25
Exercise rights, minimum ownership percentage	20.00%
Exercise price, volume-weighted average price, measurement period	10 days
Exercise price, volume-weighted average price, measurement period, days preceding exercise	10 days

Derivative Liabilities - Schedule of Reconciliation of Carrying Amounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments [Roll Forward]
Beginning balance	$ 163,410	$ 297,160
Gain on revaluation	(151,360)	(129,254)
Exercise of Rights	0	(3,227)
Foreign exchange effect	2,325	(1,269)
Ending balance	14,375	163,410
Altria Warrant
Derivative Instruments [Roll Forward]
Beginning balance	138,858	234,428
Gain on revaluation	(127,099)	(95,045)
Exercise of Rights	0	0
Foreign exchange effect	1,961	(525)
Ending balance	13,720	138,858
Pre-emptive Rights
Derivative Instruments [Roll Forward]
Beginning balance	12,095	12,787
Gain on revaluation	(12,102)	(885)
Exercise of Rights	0	0
Foreign exchange effect	187	193
Ending balance	180	12,095
Top-up Rights
Derivative Instruments [Roll Forward]
Beginning balance	12,457	49,945
Gain on revaluation	(12,159)	(33,324)
Exercise of Rights	0	(3,227)
Foreign exchange effect	177	(937)
Ending balance	$ 475	$ 12,457

Derivative Liabilities - Schedule of Sensitivity Analysis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Altria Warrant
Sensitivity Analysis, Impact of 10 Percent Decrease (Increase) on Net Income (Loss) [Abstract]
Share price at issuance date	$ 3,970	$ 25,819
Weighted average expected life	2,971	13,541
Expected annualized volatility	5,402	26,183
Pre-emptive Rights
Sensitivity Analysis, Impact of 10 Percent Decrease (Increase) on Net Income (Loss) [Abstract]
Share price at issuance date	80	2,527
Weighted average expected life	171	1,988
Expected annualized volatility	96	2,269
Top-up Rights
Sensitivity Analysis, Impact of 10 Percent Decrease (Increase) on Net Income (Loss) [Abstract]
Share price at issuance date	123	2,989
Weighted average expected life	133	2,121
Expected annualized volatility	$ 155	$ 2,602

Commitments and Contingencies - R&D Commitments (Details) $ in Thousands				12 Months Ended
	Feb. 18, 2019	Oct. 15, 2018 USD ($)	Sep. 04, 2018 USD ($) cannabinoid shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares	Dec. 31, 2019 shares	Jul. 17, 2018 USD ($)
Common Shares
Long-term Purchase Commitment [Line Items]
Share issuance pursuant to research and development milestone (in shares) \| shares				2,934,980
Ginkgo \| Common Shares
Long-term Purchase Commitment [Line Items]
Share issuance pursuant to research and development milestone (in shares) \| shares				2,934,980	0	0
Ginkgo \| Research and Development Arrangement
Long-term Purchase Commitment [Line Items]
Number of cannabinoids targeted to develop scalable and consistent production \| cannabinoid			8
Common shares issuable (up to) (in shares) \| shares			14,674,903
Common shares issuable, value assigned \| $							$ 100,000
Payments subject to milestones \| $			$ 22,000
Technion \| Research and Development Arrangement
Long-term Purchase Commitment [Line Items]
Payments subject to milestones \| $		$ 60
Altria Ventures \| Consulting Services Arrangement
Long-term Purchase Commitment [Line Items]
Monthly fee, percentage of direct and indirect service costs	105.00%

Commitments and Contingencies - Use of Publicity Rights in Brand Development (Details) - Common Shares - USD ($)					12 Months Ended
	Dec. 23, 2022	Jun. 23, 2021	Jan. 31, 2020	Dec. 23, 2019	Dec. 31, 2019
Subsidiary, Sale of Stock [Line Items]
Shares issued (in shares)					155,773,757
Private Placements
Subsidiary, Sale of Stock [Line Items]
Shares issued (in shares)				856,017
Stock issued during period, new issues, fair value				$ 6,000,000
Stock issued during period, new issues, measurement input				10 days
Private Placements \| Share-based Payment Arrangement, Tranche One
Subsidiary, Sale of Stock [Line Items]
Award vesting rights, percentage			33.33%
Private Placements \| Share-based Payment Arrangement, Tranche Two
Subsidiary, Sale of Stock [Line Items]
Award vesting rights, percentage		33.33%
Private Placements \| Share-based Payment Arrangement, Tranche Three \| Forecast
Subsidiary, Sale of Stock [Line Items]
Award vesting rights, percentage	33.33%
Private Placements \| Sale Of Stock, Performance Milestone One
Subsidiary, Sale of Stock [Line Items]
Sale of stock, performance milestone, triggering event, minimum revenue				$ 50,000,000
Sale of stock, performance milestone, triggering event, shares issued, value				1,000,000
Private Placements \| Sale Of Stock, Performance Milestone Two
Subsidiary, Sale of Stock [Line Items]
Sale of stock, performance milestone, triggering event, minimum revenue				100,000,000
Sale of stock, performance milestone, triggering event, shares issued, value				$ 1,000,000

Commitments and Contingencies - Contingencies (Details) - Pending Litigation $ in Millions	Jun. 16, 2020 CAD ($)	Mar. 12, 2020 shareholder complaint
Unfavorable Regulatory Action
Loss Contingencies [Line Items]
Damages sought	$ 500
Punitive damages sought	$ 5
U.S. District Court of Eastern District of New York Vs. Cronos
Loss Contingencies [Line Items]
Number of alleged shareholders \| shareholder		2
Number of putative class action complaints \| complaint		2

Share-based Payments - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payments	$ 10,151	$ 15,361	$ 10,151	$ 15,361	$ 11,619
Previously Reported
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payments					12,508
Stock options
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payments	7,604	7,185
Stock options \| Previously Reported
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payments					11,619
Restricted Stock Units (RSUs)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payments	$ 2,547	$ 8,176
Restricted Stock Units (RSUs) \| Previously Reported
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payments					$ 889

Share-based Payments - Stock Options Narrative (Details) - Stock options - $ / shares	Mar. 29, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 25, 2020	Jun. 28, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price at grant date (in dollars per share)		$ 9.19	$ 6.96
2015 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future awards to be granted (in shares)					0
2018 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future awards to be granted (in shares)				0
2020 Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	7 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Weighted Average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price at grant date (in dollars per share)		$ 6.39	$ 4.84

Share-based Payments - Summary of the Changes in Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Balance at beginning of period (in dollars per share)	$ 5.40	$ 4.84
Issuance of options (in dollars per share)	9.19	6.96
Exercised (in dollars per share)	2.11	2.03
Cancellation, forfeiture and expiry of options (in dollars per share)	12.37	14.34
Balance at end of period (in dollars per share)	7.75	5.40	$ 4.84
Exercisable (in dollars per share)	$ 6.69	$ 3.75
Number of options
Balance at beginning of period (in shares)	13,755,148	14,149,502
Issuance of options (in shares)	900,000	2,000,000
Exercised (in shares)	(5,598,695)	(2,131,939)
Cancellation of options (in shares)	(117,123)	(262,415)
Balance at end of period (in shares)	8,939,330	13,755,148	14,149,502
Exercisable (in shares)	5,836,616	9,643,682
Weighted average remaining contractual term (years)
Outstanding	2 years 8 months 12 days	2 years 3 months 18 days	2 years 6 months 21 days
Exercisable	1 year 4 months 13 days	1 year 4 months 2 days

Share-based Payments - Fair Value of Options Issued (Details) - Stock options - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price at grant date (in dollars per share)	$ 9.19	$ 6.96
Exercise price (per option) (in dollars per share)	$ 9.19	$ 6.96
Risk-free interest rate	1.39%	0.43%
Expected life of options (in years)	7 years	5 years
Expected annualized volatility	75.00%	91.00%
Expected dividend yield	0.00%	0.00%
Weighted average Black-Scholes value at grant date (per option) (in dollars per share)	$ 6.39	$ 4.84
Forfeiture rate	0.00%	0.00%

Share-based Payments - Schedule of Stock Options Outstanding (Details) - shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding (in shares)	8,939,330	13,755,148	14,149,502
2020 Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding (in shares)	2,900,000	2,000,000	0
2018 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding (in shares)	1,550,074	1,627,715	1,817,287
2015 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding (in shares)	4,489,256	10,127,433	12,332,215

Share-based Payments - Restricted Share Units Narrative (Details) - Restricted Stock Units (RSUs) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Accelerated and vested (in shares)		732,972

Share-based Payments - Summary of Restricted Share Units Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Weighted average grant date fair value (C$)(ii)
Exercised (in dollars per share)	$ 2.11	$ 2.03
Number of RSUs
Exercised (in shares)	(5,598,695)	(2,131,939)
Restricted Stock Units (RSUs)
Weighted average grant date fair value (C$)(ii)
Balance at beginning of period (in dollars per share)	$ 7.66	$ 15.34
Granted (in dollars per share)	11.06	7.66
Exercised (in dollars per share)	7.57	15.34
Cancellation and forfeitures (in dollars per share)	8.03	7.52
Balance at end of period (in dollars per share)	$ 9.22	$ 7.66
Number of RSUs
Balance at beginning of period (in shares)	948,357	732,972
Granted (in shares)	576,876	957,854
Exercised (in shares)	(158,178)	(732,972)
Cancellation and forfeitures (in shares)	(141,185)	(9,497)
Balance at end of period (in shares)	1,225,870	948,357
Vesting period	3 years
Restricted Stock Units (RSUs) \| Minimum
Number of RSUs
Cliff period	3 years
Restricted Stock Units (RSUs) \| Maximum
Number of RSUs
Cliff period	5 years

Share-based Payments - Summary of Deferred Share Units Activity (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financial liability
Granting and vesting of DSUs	$ 10,151	$ 15,361	$ 10,151	$ 15,361	$ 11,619
Deferred Share Units (DSUs)
Financial liability
Balance at beginning of period			577	255
Granting and vesting of DSUs			354	338
Liabilities settled			(203)	(46)
Gain on revaluation			(320)	30
Balance at end of period	$ 408	$ 577	$ 408	$ 577	$ 255
Number of warrants
Balance at beginning of period (in shares)			83,293	33,397
Granting and vesting of DSUs (in shares)			48,913	58,380
Liabilities settled (in shares)			(27,764)	(8,484)
Balance at end of period (in shares)	104,442	83,293	104,442	83,293	33,397

Share-based Payments - Summary of Changes in Warrants (Details) - Warrant - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Weighted average exercise price (C$)
Balance at beginning of period (in dollars per share)	$ 0.25	$ 0.26
Exercise of warrants (in dollars per share)	0.25	0.27
Balance at end of period (in dollars per share)	$ 0	$ 0.25
Number of warrants
Balance at beginning of period (in shares)	7,987,349	18,066,662
Exercise of warrants (in shares)	(7,987,349)	(10,079,313)
Balance at end of period (in shares)	0	7,987,349

Income Taxes - Schedule of Income (Loss) before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes	$ (397,135)	$ (73,273)	$ 1,165,937
Rest of World
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes	(116,267)	12,679	1,169,007
United States
Operating Loss Carryforwards [Line Items]
Income (loss) before income taxes	$ (280,868)	$ (85,952)	$ (3,070)

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Valuation Allowance [Line Items]
Income (loss) from discontinued operations, net of income taxes	$ (500,000)
Taxes payable, current	105,000	$ 865,000	$ 0
Taxes receivable, current	$ 543,000	$ 0	$ 0
Effective income tax rate	26.50%	26.50%	26.50%
Canada
Valuation Allowance [Line Items]
Operating loss carryforwards	$ 276,497,000	$ 177,651,000
Untied States
Valuation Allowance [Line Items]
Operating loss carryforwards	117,983,000	62,851,000
Israel
Valuation Allowance [Line Items]
Operating loss carryforwards	24,843,000	14,042,000
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset
Valuation Allowance [Line Items]
Valuation allowance	224,776,000	85,935,000	$ 36,948,000
Increase in valuation allowance	$ 141,639,000	$ 48,294,000

Income Taxes - Expense for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Total	$ (471)	$ 1,347	$ 0
Deferred:
Total	40	0	0
Rest of World
Current:
Total	(382)	1,024	0
Deferred:
Total	40	0	0
United States
Current:
Total	(89)	323	0
Deferred:
Total	$ 0	$ 0	$ 0

Income Taxes - Effective Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ (397,135)	$ (73,273)	$ 1,165,937
Effective income tax rate	26.50%	26.50%	26.50%
Expected income tax expense (benefit)	$ (105,241)	$ (19,417)	$ 308,973
Non-taxable income	39	(711)	(2,156)
Non-deductible share-based compensation	1,667	2,498	2,839
Non-deductible expenses	53	1,364	764
Non-deductible transaction costs	2,917	3,146	1,523
Effect of provincial tax rate difference	(1)	(15)	(44)
Effect of tax rates outside of Canada	(1,869)	(362)	70
Fair value gain on financial liabilities	(40,111)	(34,250)	(338,409)
Changes in valuation allowance	141,639	48,227	25,808
Other	476	867	632
Income tax expense (benefit), net	$ (431)	$ 1,347	$ 0

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred assets:
Tax loss carryforwards	$ 111,373	$ 67,476
Interest expense carryforwards	1,047	1,407
Deferred financing costs	2,788	4,233
Share issuance cost	834	1,573
Finance lease obligation	1,847	1,953
Plant and equipment	38,119	5,945
Investment	900	307
Intangible asset	65,088	4,218
Reserve	3,633	1,858
Other	1,450	570
Total deferred tax assets	227,079	89,540
Less valuation allowance	(224,776)	(85,935)
Net deferred tax assets	2,303	3,605
Deferred tax liabilities:
Health Canada license	0	(1,662)
Right-of-use assets	(1,860)	(1,943)
Unrealized foreign exchange	(483)	0
Total deferred tax liabilities	(2,343)	(3,605)
Net deferred tax liability	$ (40)	$ 0

Income Taxes - Summary of Valuation Allowance (Details) - SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Valuation Allowance [Roll Forward]
Balance at beginning of year	$ (85,935)	$ (36,948)
Foreign exchange effect	2,798	(693)
Increase	(141,639)	(48,294)
Balance at end of year	$ (224,776)	$ (85,935)

Segment Information and Disaggregated Net Revenue - Narrative (Details)	12 Months Ended
	Dec. 31, 2021 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information and Disaggregated Net Revenue - Schedule of Segment Data (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	$ 74,435,000	$ 46,719,000	$ 23,750,000
Share of loss from equity accounted investments	6,313,000	4,510,000	2,009,000
Interest income	9,098,000	18,601,000	29,213,000
Interest expense	(27,000)	(186,000)	(1,244,000)
Interest income (expense), net	9,071,000	18,415,000	27,969,000
Total assets	1,397,738,000	1,925,682,000	2,090,442,000
Depreciation and amortization	4,484,000	2,872,000	2,090,000
Impairment loss on goodwill and indefinite-lived intangible assets	236,056,000	40,000,000	0
Impairment loss on long-lived assets	127,619,000	0	0
Loss from discontinued operations	(500,000)	(650,000)	(363,000)
Adjusted EBITDA	(160,463,000)	(147,253,000)	(98,308,000)
Purchase of property, plant and equipment, net	11,144,000	31,412,000	38,664,000
United States
Segment Reporting Information, Profit (Loss) [Abstract]
Impairment loss on long-lived assets	1,214,000
Operating Segments \| United States
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	9,874,000	9,495,000	3,364,000
Share of loss from equity accounted investments	0	0	0
Interest income	40,000	16,000	6,000
Interest expense	0	(34,000)	0
Interest income (expense), net	40,000	(18,000)	6,000
Total assets	462,830,000	253,745,000	293,985,000
Depreciation and amortization	295,000	234,000	46,000
Impairment loss on goodwill and indefinite-lived intangible assets	236,019,000	40,000,000
Impairment loss on long-lived assets	2,955,000
Loss from discontinued operations	0	0	0
Adjusted EBITDA	(40,717,000)	(28,019,000)	(1,703,000)
Purchase of property, plant and equipment, net	776,000	385,000	259,000
Operating Segments \| Rest of World
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	64,561,000	37,224,000	20,386,000
Share of loss from equity accounted investments	6,313,000	4,510,000	2,009,000
Interest income	9,058,000	18,585,000	29,207,000
Interest expense	(27,000)	(152,000)	(1,244,000)
Interest income (expense), net	9,031,000	18,433,000	27,963,000
Total assets	273,484,000	388,351,000	309,854,000
Depreciation and amortization	4,189,000	2,638,000	2,044,000
Impairment loss on goodwill and indefinite-lived intangible assets	37,000	0
Impairment loss on long-lived assets	124,664,000
Loss from discontinued operations	(500,000)	(650,000)	(363,000)
Adjusted EBITDA	(99,139,000)	(98,349,000)	(84,826,000)
Purchase of property, plant and equipment, net	10,368,000	31,027,000	38,405,000
Corporate
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	0	0	0
Share of loss from equity accounted investments	0	0	0
Interest income	0	0	0
Interest expense	0	0	0
Interest income (expense), net	0	0	0
Total assets	661,424,000	1,283,586,000	1,486,603,000
Depreciation and amortization	0	0	0
Impairment loss on goodwill and indefinite-lived intangible assets	0	0
Impairment loss on long-lived assets	0
Loss from discontinued operations	0	0	0
Adjusted EBITDA	(20,607,000)	(20,885,000)	(11,779,000)
Purchase of property, plant and equipment, net	0	0	0
Cannabis flower
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	55,194,000	27,932,000	15,020,000
Cannabis flower \| Operating Segments \| United States
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	0	0	0
Cannabis flower \| Operating Segments \| Rest of World
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	55,194,000	27,932,000	15,020,000
Cannabis flower \| Corporate
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	0	0	0
Cannabis extracts
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	18,681,000	18,254,000	8,702,000
Cannabis extracts \| Operating Segments \| United States
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	9,874,000	9,495,000	3,364,000
Cannabis extracts \| Operating Segments \| Rest of World
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	8,807,000	8,759,000	5,338,000
Cannabis extracts \| Corporate
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	0	0	0
Other
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	560,000	533,000	28,000
Other \| Operating Segments \| United States
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	0	0	0
Other \| Operating Segments \| Rest of World
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	560,000	533,000	28,000
Other \| Corporate
Segment Reporting Information, Profit (Loss) [Abstract]
Net revenue	$ 0	$ 0	$ 0

Segment Information and Disaggregated Net Revenue - Schedule of Adjusted EBITDA (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net income (loss)			$ (397,204,000)	$ (75,270,000)	$ 1,165,574,000
Interest expense (income), net			(9,071,000)	(18,415,000)	(27,969,000)
Repurposing charges					7,268,000
Income tax expense (benefit)			(431,000)	1,347,000	0
Share of loss from investments in equity accounted investees			6,313,000	4,510,000	2,009,000
Impairment loss on goodwill and indefinite-lived intangible assets			236,056,000	40,000,000	0
Impairment loss on long-lived assets			127,619,000	0	0
Gain on revaluation of derivative liabilities			(151,360,000)	(129,254,000)	(1,276,819,000)
(Gain) loss on revaluation of financial instruments			(8,611,000)	9,000	(197,000)
Transaction costs			3,801,000	40,000	32,208,000
Gain on disposal of investments			0	(4,789,000)	(16,277,000)
Other, net			(730,000)	1,825,000	0
Loss from discontinued operations			500,000	650,000	363,000
Share-based payments	$ 10,151,000	$ 15,361,000	10,151,000	15,361,000	11,619,000
Financial statement review costs			7,102,000	9,688,000
Depreciation and amortization				7,045,000	3,913,000
Depreciation and amortization			15,402,000	11,176,000	4,271,000
Adjusted EBITDA			(160,463,000)	(147,253,000)	(98,308,000)
United States
Segment Reporting Information [Line Items]
Impairment loss on long-lived assets			1,214,000
Operating Segments \| United States
Segment Reporting Information [Line Items]
Net income (loss)			(283,883,000)	(77,368,000)	(2,888,000)
Interest expense (income), net			(40,000)	18,000	(6,000)
Repurposing charges					0
Income tax expense (benefit)			(89,000)	323,000
Share of loss from investments in equity accounted investees			0	0	0
Impairment loss on goodwill and indefinite-lived intangible assets			236,019,000	40,000,000
Impairment loss on long-lived assets			2,955,000
Gain on revaluation of derivative liabilities			0	0	0
(Gain) loss on revaluation of financial instruments			0	0	0
Transaction costs			0	40,000	117,000
Gain on disposal of investments				0	0
Other, net			3,000	20,000
Loss from discontinued operations			0	0	0
Share-based payments			3,401,000	8,714,000	900,000
Financial statement review costs			0	0
Depreciation and amortization			917,000	234,000	174,000
Adjusted EBITDA			(40,717,000)	(28,019,000)	(1,703,000)
Operating Segments \| Rest of World
Segment Reporting Information [Line Items]
Net income (loss)			(81,811,000)	32,671,000	1,180,241,000
Interest expense (income), net			(9,031,000)	(18,433,000)	(27,963,000)
Repurposing charges					7,268,000
Income tax expense (benefit)			(342,000)	1,024,000
Share of loss from investments in equity accounted investees			6,313,000	4,510,000	2,009,000
Impairment loss on goodwill and indefinite-lived intangible assets			37,000	0
Impairment loss on long-lived assets			124,664,000
Gain on revaluation of derivative liabilities			(151,360,000)	(129,254,000)	(1,276,819,000)
(Gain) loss on revaluation of financial instruments			(8,611,000)	9,000	(197,000)
Transaction costs			0	0	32,091,000
Gain on disposal of investments				(4,789,000)	(16,277,000)
Other, net			(733,000)	1,805,000
Loss from discontinued operations			500,000	650,000	363,000
Share-based payments			6,750,000	6,647,000	10,719,000
Financial statement review costs			0	0
Depreciation and amortization			14,485,000	6,811,000	3,739,000
Adjusted EBITDA			(99,139,000)	(98,349,000)	(84,826,000)
Corporate
Segment Reporting Information [Line Items]
Net income (loss)			(31,510,000)	(30,573,000)	(11,779,000)
Interest expense (income), net			0	0	0
Repurposing charges					0
Income tax expense (benefit)			0	0
Share of loss from investments in equity accounted investees			0	0	0
Impairment loss on goodwill and indefinite-lived intangible assets			0	0
Impairment loss on long-lived assets			0
Gain on revaluation of derivative liabilities			0	0	0
(Gain) loss on revaluation of financial instruments			0	0	0
Transaction costs			3,801,000	0	0
Gain on disposal of investments				0	0
Other, net			0	0
Loss from discontinued operations			0	0	0
Share-based payments			0	0	0
Financial statement review costs			7,102,000	9,688,000
Depreciation and amortization			0	0	0
Adjusted EBITDA			$ (20,607,000)	$ (20,885,000)	$ (11,779,000)

Segment Information and Disaggregated Net Revenue - Schedule of Revenue from External Customers by Geographic Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 74,435	$ 46,719	$ 23,750
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	50,294	34,538
Israel
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	13,376	2,539
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	9,874	9,495
Other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 891	$ 147

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment Information and Disaggregated Net Revenue - Schedule of Long-lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 74,070	$ 187,599
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	49,117	162,163
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	480	2,293
Israel
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 24,473	$ 23,143

Earnings (Loss) Per Share - Schedule of Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Basic earnings (loss) per share computation
Net income (loss) from continuing operations attributable to the shareholders of Cronos Group	$ (395,607)	$ (72,487)	$ 1,166,869
Weighted-average number of common shares outstanding (in shares)	370,390,965	351,576,848	310,067,179
Basic earnings (loss) from continuing operations per share (in dollars per share)	$ (1.07)	$ (0.21)	$ 3.76
Loss from discontinued operations attributable to the shareholders of Cronos Group	$ (500)	$ (650)	$ (363)
Basic loss from discontinued operations per share (in dollars per share)	$ 0	$ 0	$ 0
Diluted earnings (loss) per share computation
Net income (loss) used in the computation of basic earnings (loss) from continuing operations per share	$ (395,607)	$ (72,487)	$ 1,166,869
Adjustment for exercise of rights on derivative liabilities	0	0	(24,416)
Net income (loss) used in the computation of diluted earnings (loss) from continuing operations per share	$ (395,607)	$ (72,487)	$ 1,142,453
Weighted-average number of common shares outstanding used in the computation of basic earnings (loss) per share (in shares)	370,390,965	351,576,848	310,067,179
Dilutive effect of Top-up Rights - market price (in shares)	0	0	1,881,002
Weighted-average number of common shares for computation of diluted earnings (loss) from continuing operations per share (in shares)	370,390,965	351,576,848	342,811,992
Diluted earnings (loss) per share from continuing operations (in dollars per share)	$ (1.07)	$ (0.21)	$ 3.33
Loss from discontinued operations attributable to the shareholders of Cronos Group	$ (500)	$ (650)	$ (363)
Weighted-average number of common shares for computation of diluted earnings (loss) from discontinued operations per share (in shares)	370,390,965	351,576,848	342,811,992
Diluted loss from discontinued operations per share (in dollars per share)	$ (0.00)	$ (0.00)	$ (0.00)
Total anti-dilutive securities (in shares)	125,195,001	151,338,762	131,871,103
Warrant
Diluted earnings (loss) per share computation
Dilutive effect of awards (in shares)	0	0	19,481,352
Stock options
Diluted earnings (loss) per share computation
Dilutive effect of awards (in shares)	0	0	10,649,487
Restricted Stock Units (RSUs)
Diluted earnings (loss) per share computation
Dilutive effect of awards (in shares)	0	0	732,972

Financial Instruments - Schedule of Fair Value of Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 16, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	$ 8,000
Cronos Australia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership interest		10.00%
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	886,973		$ 1,078,023
Short-term investments	117,684		211,766
Derivative liabilities	14,375		163,410
Level 1 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	886,973		1,078,023
Short-term investments	117,684		211,766
Other investments	8,000
Derivative liabilities	0		0
Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0		0
Short-term investments	0		0
Other investments	0
Derivative liabilities	0		0
Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0		0
Short-term investments	0		0
Other investments	0
Derivative liabilities	$ 14,375		$ 163,410

Financial Instruments - Credit Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Concentration Risk [Line Items]
Maximum exposure to credit risk	$ 1,118,684	$ 1,403,491
Accounts receivable, net	$ 22,067	8,928
Accounts receivable, threshold period past due, writeoff	120 days
Net revenue, before excise taxes	$ 89,486	54,353	$ 25,639
Cash and cash equivalents	886,973	1,078,023
Short-term investments	117,684	211,766
Accounts payable, trade, current	8,395	12,107
Rest of World
Concentration Risk [Line Items]
Current expected credit loss	8	9	124
United States
Concentration Risk [Line Items]
Current expected credit loss	$ 104	$ 65	12
Four Customers \| Accounts Receivable \| Credit Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	88.00%	78.00%
Three Major Customers \| Rest of World
Concentration Risk [Line Items]
Net revenue, before excise taxes	$ 41,603
Three Major Customers \| Revenue from Contract with Customer Benchmark \| Customer Concentration Risk \| Rest of World
Concentration Risk [Line Items]
Concentration risk, percentage	56.00%
Four Major Customers \| Rest of World
Concentration Risk [Line Items]
Net revenue, before excise taxes		$ 34,295
Four Major Customers \| Revenue from Contract with Customer Benchmark \| Customer Concentration Risk \| Rest of World
Concentration Risk [Line Items]
Concentration risk, percentage		63.00%
One Major Customer \| Rest of World
Concentration Risk [Line Items]
Net revenue, before excise taxes			$ 7,597
One Major Customer \| Revenue from Contract with Customer Benchmark \| Customer Concentration Risk \| Rest of World
Concentration Risk [Line Items]
Concentration risk, percentage			32.00%

Financial Instruments - Liquidity Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Concentration Risk [Line Items]
Accounts payable, trade, current	$ 8,395	$ 12,107
Accounts Payable \| Supplier Concentration Risk \| One Vendor
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%
Accounts Payable \| Supplier Concentration Risk \| Four Vendors
Concentration Risk [Line Items]
Concentration risk, percentage		40.00%

Financial Instruments - Interest Rate Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, All Other Investments [Abstract]
Interest income, net	$ 9,071	$ 18,415	$ 27,969
Impact of change in average variable rate, percent		1.49%
Impact of change in average variable rate, amount		$ (15,671)

Financial Instruments - Foreign Currency Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Foreign exchange gain (loss) on translation	$ 8,192	$ 14,951	$ 37,687
Impact of ten percent change in exchange rate	$ 133,428	$ 170,817

Related Party Transactions - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Mar. 08, 2019
Altria Pinnacle LLC
Related Party Transaction [Line Items]
Amounts payable		$ 0	$ 0
Altria Pinnacle LLC \| Purchase of Machinery and Equipment
Related Party Transaction [Line Items]
Purchases	$ 1,258,000
Cronos GrowCo
Related Party Transaction [Line Items]
Amounts payable		$ 82,000	$ 0
Cronos Group, Inc.
Related Party Transaction [Line Items]
Ownership interest		42.00%		45.00%
Cronos GrowCo
Related Party Transaction [Line Items]
Ownership interest		50.00%

- Definition

Carrying amount as of the balance sheet date of obligations due all related parties.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(C))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.17)
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15(3),(4))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

+ Details

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consulting Services \| Altria Pinnacle LLC
Related Party Transaction [Line Items]
Consulting fees	$ 436	$ 1,199	$ 3,479
Cannabis Purchases \| Cronos GrowCo
Related Party Transaction [Line Items]
Purchases	$ 4,820	$ 0	$ 0

Held-For-Sale Assets and Discontinued Operations (Details) - USD ($) $ in Thousands			3 Months Ended	12 Months Ended
	Sep. 10, 2021	Jun. 10, 2021	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from held-for-sale assets				$ 2,770	$ 0	$ 0
Loss from discontinued operations, net of income taxes				(500)
Discontinued Operations, Disposed of by Sale \| OGBC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of assets held-for-sale			$ 561
Proceeds from held-for-sale assets	$ 727
Loss from discontinued operations, net of income taxes				82
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| OGBC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from held-for-sale assets		$ 2,059
Gain on sale				1,279
Discontinued Operations, Held-for-sale \| OGBC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of income taxes				(500)	(650)	$ (363)
OGBC assets classified as held-for-sale				$ 0	$ 1,176

Non-monetary Transactions (Details)		1 Months Ended	12 Months Ended
Non-monetary Transactions (Details)	Mar. 28, 2019 USD ($) transaction	Sep. 30, 2019 USD ($) transaction	Dec. 31, 2021 transaction	Dec. 31, 2020 transaction
Nonmonetary Transaction [Line Items]
Number of transactions \| transaction			0	0
Purchased Cannabis Resin and Oil and Sold Cannabis Dry Flower
Nonmonetary Transaction [Line Items]
Number of transactions \| transaction	2	3
Revenue recognized \| $	$ 0	$ 2,300,000
Gain (loss) recognized \| $	$ 0	$ 0

Subsequent Events (Details) - USD ($) $ in Thousands	12 Months Ended
Subsequent Events (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 28, 2022
Subsequent Event [Line Items]
Restructuring costs		$ 0	$ 0	$ 4,439
Subsequent Event \| Pharmacann \| LivWell Holdings, Inc.
Subsequent Event [Line Items]
Merger agreement, ownership percentage, fully-diluted basis					6.70%
Subsequent Event \| Planned Exit of the Stayner Facility
Subsequent Event [Line Items]
Expected restructuring charges					$ 4,500
Anticipated capital expenditures					$ 2,500
Subsequent Event \| Forecast
Subsequent Event [Line Items]
Restructuring costs	$ 1,219

Derivative Liabilities - Schedule of Fair Values of Derivative Liabilities (Details)	12 Months Ended
	Dec. 31, 2021 $ / shares	Dec. 31, 2020 $ / shares
Altria Warrant \| Share price at grant date (per share in C$)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	4.98	8.84
Altria Warrant \| Subscription price (per share in C$)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	19.00	19.00
Altria Warrant \| Expected annualized volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.80	0.81
Altria Warrant \| Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0	0
Altria Warrant \| Weighted Average \| Weighted average risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.0079	0.0021
Altria Warrant \| Weighted Average \| Weight average expected life (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life	1 year 2 months 4 days	2 years 2 months 4 days
Pre-emptive Rights \| Share price at grant date (per share in C$)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	4.98	8.84
Pre-emptive Rights \| Subscription price (per share in C$)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	16.25	16.25
Pre-emptive Rights \| Expected annualized volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.80	0.81
Pre-emptive Rights \| Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0	0
Pre-emptive Rights \| Weighted Average \| Weighted average risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.0039	0.0017
Pre-emptive Rights \| Weighted Average \| Weight average expected life (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life	6 months	1 year 6 months
Top-up Rights \| Share price at grant date (per share in C$)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	4.98	8.84
Top-up Rights \| Subscription price (per share in C$)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	16.25	16.25
Top-up Rights \| Expected annualized volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.80	0.81
Top-up Rights \| Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0	0
Top-up Rights \| Weighted Average \| Weighted average risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.0050	0.0013
Top-up Rights \| Weighted Average \| Weight average expected life (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life	9 months 18 days	11 months 23 days
Pre-Emptive Rights and Top-Up Rights \| Minimum \| Weighted average risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.0016	0.0010
Pre-Emptive Rights and Top-Up Rights \| Minimum \| Weight average expected life (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life	3 months	6 months
Pre-Emptive Rights and Top-Up Rights \| Maximum \| Weighted average risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.0110	0.0039
Pre-Emptive Rights and Top-Up Rights \| Maximum \| Weight average expected life (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life	3 years 9 months	5 years