Planet 13 (PLNH) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 16, 2022
Cover [Abstract]
Entity Registrant Name	PLANET 13 HOLDINGS INC.
Entity Central Index Key	0001813452
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		220,048,952
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-566374
Entity Tax Identification Number	83-2787199
Entity Address Address Line 1	2548 West Desert Inn Road
Entity Address Address Line 2	Suite 100
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89109
City Area Code	702
Security 12g Title	Common Shares
Entity Interactive Data Current	Yes
Local Phone Number	815-1313

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash	$ 62,144,642	$ 61,588,843
Accounts Receivable	2,053,367	1,216,128
Inventory	14,979,628	14,225,369
Prepaid Expenses And Other Current Assets	3,802,746	3,977,524
Total Current Assets	82,980,383	81,007,864
Property And Equipment	65,000,878	50,778,277
Intangible Assets	68,898,383	63,398,007
Goodwill	35,506,060	0
Right Of Use Assets - Operating	20,204,303	20,399,965
Long-term Deposits And Other Assets	1,234,586	1,061,879
Deferred Tax Asset	174,157	162,804
Total Assets	273,998,374	216,808,796
Current Liabilities:
Accounts Payable	3,467,977	3,266,783
Accrued Expenses	5,454,139	7,032,620
Income Taxes Payable	3,894,364	1,126,249
Notes Payable - Current Portion	884,000	884,000
Operating Lease Liabilities	454,142	423,573
Total Current Liabilities	14,154,622	12,733,225
Long-term Liabilities:
Operating Lease Liabilities	23,159,653	23,134,012
Lease Incentive Obligation Liability	813,278	0
Warranty Liability	3,046,240	7,206,049
Other Long-term Liabilities	28,000	28,000
Total Liabilities	41,201,793	43,101,286
Shareholders' Equity
Common Shares, No Par Value, Unlimited Common Shares Authorized, 220,048,952 Issued And Outstanding At March 31, 2022 And And 198,687,950 At December 31, 2021	0	0
Additional Paid-in Capital	307,044,846	245,861,704
Retained Earnings (deficit)	(74,215,265)	(72,154,194)
Total Shareholders' Equity	232,796,581	173,707,510
Total Liabilities And Shareholders' Equity	$ 273,998,374	$ 216,808,796

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement Of Financial Position Abstract
Common Stock, Par Value	$ 0	$ 0
Common Stock, Shares Issued	220,048,952	198,687,950
Common Stock, Shares Outstanding	220,048,952	198,687,950

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interim Condensed Consolidated Balance Sheets (Unaudited)
Revenues, Net Of Discounts	$ 25,694,395	$ 23,816,208
Cost Of Goods Sold	(12,793,391)	(10,781,481)
Gross Profit	12,901,004	13,034,727
Expenses:
General And Administrative	13,486,690	7,974,816
Sales And Marketing	603,242	659,949
Lease Expense	481,247	612,326
Depreciation	2,040,052	964,596
Total Expenses	16,611,231	10,211,687
Income (loss) From Operations	(3,710,227)	2,823,040
Other Income (expense):
Interest Income (expense), Net	27,353	(7,158)
Foreign Exchange Gain (loss)	(95,709)	829,635
Transaction Costs	0	(256,666)
Change In Fair Value Of Warrant Liability	4,159,809	(6,187,530)
Other Income, Net	314,465	62,897
Total Other Income	4,405,918	(5,558,822)
Income (loss) Before Provision For Income Taxes	695,691	(2,735,782)
Provision For Income Taxes
Current Tax Expense	(2,768,115)	(3,364,710)
Deferred Tax Recovery	11,353	86,063
Income Tax Expense (benefit)	(2,756,762)	(3,278,647)
Loss And Comprehensive Loss For The Period	$ (2,061,071)	$ (6,014,429)
Loss Per Share
Basic And Diluted Loss Per Share	$ (0.01)	$ (0.03)
Weighted Average Number Of Common Shares
Basic And Diluted	205,570,940	190,777,592

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Changes in Shareholders Equity - USD ($)	Total	Common Stock	Class A Restricted Share [Member]	Warrant [Member]	Additional Paid-In Capital	Accumulated Deficit
Balance, Shares at Dec. 31, 2020		126,573,250	55,232,940	150,963
Balance, Amount at Dec. 31, 2020	$ 106,705,814				$ 159,399,056	$ (52,693,242)
Shares Issued On Settlement Of Rsus, Shares		852,154
Shares Issued On Settlement Of Rsus, Amount	0	$ 0	$ 0	$ 0	0	0
Share Based Compensation - Rsus	202,295	$ 0	0	$ 0	202,295	0
Shares Issued On Exercise Of Broker Warrants, Shares		446,801		(446,801)
Shares Issued On Exercise Of Broker Warrants, Amount	2,163,065	$ 0	0	$ 0	2,163,065	0
Shares Issued On Exercise Of Other Warrants, Shares		2,487,449
Shares Issued On Exercise Of Other Warrants, Amount	15,030,913	$ 0	0	0	15,030,913	0
Shares Issued On Exercise Of Options, Shares		109,669
Shares Issued On Exercise Of Options, Amount	86,216	$ 0	0	$ 0	86,216	0
Share Based Compensation - Options	1,678	$ 0	$ 0		1,678
Shares Issued On Bought Deal Financings, Net, Shares		9,861,250		591,676
Shares Issued On Bought Deal Financings, Net, Amount	47,729,735				47,729,735
Loss For The Period	(6,014,429)					(6,014,429)
Balance, Shares at Mar. 31, 2021		140,330,573	55,232,940	295,838
Balance, Amount at Mar. 31, 2021	165,905,287				224,612,958	(58,707,671)
Balance, Shares at Dec. 31, 2021		198,687,950		295,838
Balance, Amount at Dec. 31, 2021	173,707,510				245,861,704	(72,154,194)
Share Based Compensation - Rsus	2,055,494				2,055,494
Loss For The Period	(2,061,071)					(2,061,071)
Shares Issued On Acquisition, Shares		21,361,002
Replacement Options issued on acquisition	1,239,818				1,239,818
Shares Issued On Acquisition, Amount	57,854,830				57,854,830
Balance, Shares at Mar. 31, 2022		220,048,952		295,838
Balance, Amount at Mar. 31, 2022	$ 232,796,581				$ 307,011,846	$ (74,215,265)

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Provided By (used In) Operating Activities
Net Loss	$ (2,061,071)	$ (6,014,429)
Adjustments For Items Not Involving Cash:
Shared Based Compensation Expense	2,055,494	203,973
Non-cash Lease Expense	950,585	758,039
Depreciation	2,642,531	964,597
Change In Fair Value Of Warrant Liability	(4,264,763)	5,904,816
Loss On Translation Of Warrant Liability	104,954	282,714
Transaction Costs	0	256,666
Deferred Tax Liability	0	86,063
Procceeds From Lease Incentive	1,000,000	0
Unrealized Gain On Foreign Currency Exchange	(145,267)	(14,641)
Adjustments for items not involving cash	282,463	2,427,798
Net Changes In Non-cash Working Capital Items	3,563,710	2,123,567
Repayment Of Lease Liabilities	(885,433)	(758,039)
Total Operating	2,960,740	3,793,326
Financing Activities
Proceeds From Private Placements	0	53,852,980
Proceeds From Exercise Of Warrants And Options	0	10,884,762
Financing Issuance Expenses	0	(3,494,930)
Total Financing	0	61,242,812
Investing Activities
Purchase Of Property, Plant And Equipment	(4,026,607)	(3,471,948)
Cash Acquired Through Ngw Acquisition	(1,478,698)	0
Total Investing	(2,547,909)	(3,471,948)
Effect Of Foreign Exchange On Cash	142,968	598,310
Net Change In Cash During The Year	555,799	62,162,500
End Of Period	62,144,642	141,163,350
Cash at begenning	$ 61,588,843	$ 79,000,850

Nature Of Operations

Nature Of Operations	3 Months Ended
	Mar. 31, 2022
Nature Of Operations
Nature Of Operations	1. Nature of operations Planet 13 Holdings Inc. (“ P13 Company The Company is a vertically integrated cultivator and provider of cannabis and cannabis-infused products that is licensed under the laws of the States of Nevada, California, and Florida with a license lottery win-result in Illinois. The Company is licensed in these jurisdictions as follows: six Nevada licenses for cultivation (three medical and three adult-use), six Nevada licenses for production (three medical and three adult-use), three Nevada dispensary licenses (one medical and two adult-use), two Nevada licenses for distribution (one active, one conditional), one adult-use dispensary license in California, one distribution license in California, one Medical Marijuana Treatment Center license in Florida (unlimited medical dispensaries, cultivation and processing) and one lottery win for an adult-use dispensary license in Illinois. As of March 2, 2022, by way of acquisition and in addition to the licenses listed above, the Company added three California cultivation licenses (one medical and two adult-use), one California cultivation nursery license, one California distribution license, one California license for adult-use manufacture, and one pending California license for cultivation packaging. P13 is a public company which is listed on the Canadian Securities Exchange (“ CSE The Company’s registered office is located at 595 Howe Street, 10 th While cannabis and CBD-infused products are legal under the laws of several U.S. states (with varying restrictions applicable), the United States Federal Controlled Substances Act classifies all “marijuana” as a Schedule I drug, whether for medical or recreational use. Under U.S. federal law, a Schedule I drug or substance has a high potential for abuse, no accepted medical use in the United States, and a lack of safety for use under medical supervision. The federal government currently is prohibited from prosecuting businesses that operate in compliance with applicable state and local medical cannabis laws and regulations; however, this does not protect adult use cannabis. In addition, if the federal government changes this position, it would be financially detrimental to the Company.

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2022
Basis Of Presentation
Basis Of Presentation	2. Basis of presentation These unaudited interim condensed consolidated financial statements reflect the accounts of the Company and have been prepared in accordance with generally accepted accounting principles in the United States of America (“ GAAP SEC These unaudited interim condensed consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operation for the foreseeable future and, accordingly, will be able to realize its assets and discharge its liabilities in the normal course of operations as they come due. Failure to arrange adequate financing on acceptable terms and/or achieve profitability may have an adverse effect on the financial position, results of operations, cash flows and prospects of the Company. These unaudited interim condensed consolidated financial statements do not give effect to adjustments to assets or liabilities that would be necessary should the Company be unable to continue as a going concern. Such adjustments could be material. These unaudited interim condensed consolidated financial statements are presented in U.S. dollars, which is also the Company’s and its subsidiaries’ functional currency. These consolidated financial statements were authorized for issuance by the Board of Directors of the Company on May 16, 2022. i) Basis of consolidation The accompanying consolidated financial statements include the accounts of the Company and all subsidiaries. Subsidiaries are entities in which the Company has a controlling voting interest or is the primary beneficiary of a variable interest entity. Subsidiaries are fully consolidated from the date control is transferred to the Company and are deconsolidated from the date control ceases. All intercompany accounts and transactions have been eliminated upon consolidation. The consolidated financial statements include all the assets, liabilities, revenues, expenses and cash flows of the Company and its subsidiaries after eliminating intercompany balances and transactions. These consolidated financial statements include the accounts of the Company and the following entities which are subsidiaries of the Company: Subsidiaries as at March 31, 2022 Jurisdiction of Incorporation Ownership Interest 2022 Ownership Interest 2021 Nature of Business MM Development Company, Inc. ("MMDC") USA 100 % 100 % Vertically integrated cannabis operations BLC Management Company LLC USA 100 % 100 % Holding company LBC CBD LLC ("LBC") USA 100 % 100 % CBD retail sales and marketing Newtonian Principles Inc. USA 100 % 100 % Cannabis retail sales Crossgate Capital U.S. Holdings Corp. USA 100 % 0 % Holding company, former NGW Subsidiary NGWB, LLC USA 100 % 0 % Proposed building holding company; former NGW subsidiary Next Green Wave, LLC USA 100 % 0 % CA license holding entity; former NGW subsidiary MM Development MI, Inc. USA 100 % 100 % Holding company MM Development CA, Inc. USA 100 % 100 % Holding company Planet 13 Illinois, LLC USA 49 % 49 % Holding company BLC NV Food, LLC USA 100 % 100 % Food retailing By The Slice, LLC USA 100 % 100 % Food retailing Planet 13 Chicago, LLC USA 100 % 100 % Holding company Planet 13 Florida, Inc. USA 100 % 100 % Holding company ii) Functional currency The Company’s functional currency is the Unites States dollar (“ USD Canadian currency transactions are translated into USD at exchange rates in effect on the date of the transaction. Monetary assets and liabilities denominated in Canadian dollars (“ CAD Realized and unrealized foreign exchange gains and losses are recognized in the unaudited interim condensed consolidated statements of operations and comprehensive loss. Non-monetary assets and liabilities that are measured in terms of historical cost in CAD are translated using the exchange rate at the date of the transaction. iii) Emerging growth company The Company is an “Emerging Growth Company”, as defined in Section 2(a) of the Securities Act of 1933, as amended (the “ Securities Act JOBS Act Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not has a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial reporting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public and private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. iv) Business Combinations and Goodwill The Company accounts for business combinations using the acquisition method in accordance with ASC 805, Business Combinations, which requires recognition of assets acquired and liabilities assumed, including contingent assets and liabilities, at their respective fair values on the date of acquisition. Any excess of the purchase consideration over the net fair value of tangible and identified intangible assets acquired less liabilities assumed is recorded as goodwill. The costs of business acquisitions, including fees for accounting, legal, professional consulting and valuation specialists, are expensed as incurred within general and administrative expenses. Purchase price allocations may be preliminary and, during the measurement period not to exceed one year from the date of acquisition, changes in assumptions and estimates that result in adjustments to the fair value of assets acquired and liabilities assumed are recorded in the period the adjustments are determined. The estimated fair value of acquired assets and assumed liabilities are determined primarily using a discounted cash flow approach, with estimated cash flows discounted at a rate that the Company believes a market participant would determine to be commensurate with the inherent risks associated with the asset and related estimated cash flow streams.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2022
Inventory
Inventory	3. Inventory Finished goods inventory consists of dried cannabis, concentrates, edibles, and other products that are complete and available for sale (both internally generated inventory and third-party products purchased in the wholesale market). Work in process inventory consists of cannabis after harvest, in the processing stage. Packaging and miscellaneous consist of consumables for use in the transformation of biological assets and other inventory used in production of finished goods. The Company’s inventory is comprised of: March 31, December 31, 2022 2021 Raw materials $ 5,380,680 $ 3,093,646 Packaging and miscellaneous 2,052,099 1,825,514 Work in progress 2,198,264 2,883,955 Finished goods 5,348,585 6,422,254 $ 14,979,628 $ 14,225,369 Cost of Inventory is recognized as an expense when sold and included in cost of goods sold. During the three months ended March 31, 2022, the Company recognized $12,793,391 (2021 - $10,781,481) of inventory expensed to cost of goods sold.

Prepaid expenses and other curr

Prepaid expenses and other current assets	3 Months Ended
	Mar. 31, 2022
Prepaid expenses and other current assets
Prepaid Expenses And Other Current Assets	4. Prepaid expenses and other current assets March 31, December 31, 2022 2021 Security deposits $ 2,469,231 $ 2,287,596 Advertising and Marketing 73,382 306,415 Prepaid rent 241,428 218,599 Insurance 641,770 804,608 License fees 77,254 36,008 Miscellaneous 299,681 324,298 $ 3,802,746 $ 3,977,524

Property and equipment

Property and equipment	3 Months Ended
	Mar. 31, 2022
Property and equipment
Property And Equipment	5. Property and equipment Land and Leasehold Construction Improvements Buildings Equipment Improvements in Progress Total Gross carrying amount At December 31, 2021 $ 630,299 $ 1,707,894 $ 11,105,241 $ 54,718,371 $ 127,680 $ 68,289,485 Additions 3,957,912 9,098,972 190,442 1,087,782 2,530,024 16,865,132 Transfers - - 166,367 (166,367 ) - - At March 31, 2022 4,588,211 10,806,866 11,462,050 55,639,786 2,657,704 85,154,617 Depreciation At December 31, 2021 $ 179,297 $ 246,447 $ 3,801,166 $ 13,284,298 $ - $ 17,511,208 Additions 13,056 36,883 577,496 2,015,096 - 2,642,531 Transfers & disposals - - 3,743 (3,743 ) - - At March 31, 2022 192,353 283,330 4,382,405 15,295,651 - 20,153,739 Carrying amount At December 31, 2021 $ 451,002 $ 1,461,447 $ 7,304,075 $ 41,434,073 $ 127,680 $ 50,778,277 At March 31, 2022 $ 4,395,858 $ 10,523,536 $ 7,079,645 $ 40,344,135 $ 2,657,704 $ 65,000,878 As at March 31, 2022, costs related to construction of facilities were capitalized as construction in progress and not depreciated. Once construction is completed, the construction in progress balance is moved to the appropriate fixed asset account and depreciation commences. The contractual construction commitment as of March 31, 2022 was $5,580,235 (2021 - $nil). For the three months ended March 31, 2022, depreciation expense was $2,642,531 (2021 - $1,408,621) of which $602,479 (2021 - $444,025) was included in cost of goods sold. During the three months ended March 31, 2022, the Company transferred $166,367 and $3,743 in gross asset value and accumulated depreciation, respectively, from leasehold improvements to equipment.

Intangible assets

Intangible assets	3 Months Ended
	Mar. 31, 2022
Intangible assets
Intangible Assets	6. Intangible assets Retail Dispensary Santa Ana Retail Dispensary Clark County Cultivation and Production Clark County Master License Florida Cultivation Coalinga, California Total Carrying amount Balance, December 31, 2021 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ - $ 63,398,007 Additions - NGW - - - - 5,000,000 5,000,000 Balance, March 31, 2022 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 5,000,000 $ 68,398,007 On March 2, 2022, the Company closed on its acquisition of Next Green Wave Holdings, Inc. (“ NGW Florida License Acquisition On September 28, 2021, the Florida Department of Health’s Office of Medical Marijuana Use (“ OMMU The Company has capitalized $846,866 in costs incurred to secure the license pursuant to the license acquisition.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases
Leases	7. Leases The Company’s lease agreements are for cultivation, manufacturing, retail, and office premises and for vehicles. The property lease terms range between 7 years and 21 years depending on the facility and are subject to an average of 2 renewal periods of equal length as the original lease. Leases for vehicles are typically between 4 years and 6 years with no renewal terms. Certain leases include escalation clauses or payment of executory costs such as property taxes, utilities, or insurance and maintenance. Rent expense for leases with escalation clauses is accounted for on a straight-line basis over the lease term. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The following table provides the components of lease costs recognized in the unaudited interim condensed consolidated statement of operations and comprehensive loss for three month periods ended March 31, 2022 and 2021: Three Months Ended March 31, March 31, 2022 2021 Operating lease costs $ 971,243 $ 1,069,776 Finance lease costs: Amortization of lease assets - 12,599 Interest on lease liabilities - 1,583 Finance lease costs - 14,182 Short term lease expense 1,467 (2,130 ) Total lease costs $ 972,710 $ 1,081,828 Other information related to operating and finance leases as of and for the three months ended March 31, 2022 and 2021 are as follows: March 31, 2022 March 31, 2021 Finance Operating Finance Operating Lease Lease Lease Lease Weighted average discount rate 15.00 % 15.00 % 15.00 % 15.00 % Weighted average remaining lease term - 11.62 0.14 16.21 The maturity of the contractual undiscounted lease liabilities as of March 31, 2022 and December 31, 2021 are: March 31, 2022 December 31, 2021 Finance Operating Finance Operating Lease Lease Lease Lease 2021 $ - $ - $ - $ 3,261,812 One year - 3,635,441 - 3,385,737 Two years - 3,771,882 - 3,514,686 Three years - 3,913,770 - 3,648,859 Four years - 3,968,632 - 3,695,773 Five years - 3,857,670 - 3,880,082 Thereafter - 53,381,169 - 54,138,155 Total undiscounted lease liabilities - 72,528,564 - 73,170,343 Interest on lease liabilities - (48,914,769 ) - (49,612,758 ) Total present value of minimum lease payments - 23,613,795 23,557,585 Lease liability - current portion - (454,142 ) (423,573 ) Lease liability $ - $ 23,159,653 $ - $ 23,134,012 Principally all leases relate to real estate. Additional information on the right-of-use assets is as follows: March 31, 2022 December 31, 2021 Finance Operating Finance Operating Lease Lease Lease Lease Gross carrying amount Balance, beginning of period $ 133,561 $ 22,830,123 $ 133,561 $ 21,962,564 Lease additions and modifications - 56,130 - 867,559 Disposals (96,601 ) - - - Balance, end of period $ 36,960 $ 22,886,253 $ 133,561 $ 22,830,123 Depreciation Balance, beginning of period $ 133,561 $ 2,430,158 $ 88,889 $ 1,464,669 Additions - 251,792 44,672 965,489 Disposals (96,601 ) - - - Balance, end of period $ 36,960 $ 2,681,950 $ 133,561 $ 2,430,158 Carrying amount, beginning of period $ - $ 20,399,965 $ 44,672 $ 20,497,895 Carrying amount, end of period $ - $ 20,204,303 $ - $ 20,399,965 For the three months ended March 31, 2022, the Company incurred $971,243 of operating lease costs (2021 - $1,069,776), of which $489,996 (2021 - $457,450) was capitalized to inventory or included in cost of goods sold.

Notes payable

Notes payable	3 Months Ended
	Mar. 31, 2022
Notes payable
Note Payable	8. Notes payable March 31, December 31, 2022 2021 Promissory note dated November 4, 2015, with semi-annual interest at 5.0%, secured by deed of trust, due December 1, 2019 884,000 884,000 $ 884,000 $ 884,000 Less current portion (884,000 ) (884,000 ) $ - $ - Started maturities of debt obligations are as follow: Next 12 months Promissory Note $ 884,000

Share capital

Share capital	3 Months Ended
	Mar. 31, 2022
Share capital
Share Capital	9. Share capital The Company is authorized to issue an unlimited number of common shares and an unlimited number of Class A shares. Number of Common Shares March 31, December 31, 2022 2021 Common Shares Balance at January 1 198,687,950 126,573,250 Shares issued on settlement of RSU's i. - 3,126,534 Shares issued on exercise of options ii. - 121,336 Shares issued on exercise of warrants iii. - 3,772,640 Shares issued on financing - February 2021 iv. - 9,861,250 Shares issued on conversion of Class A shares v. - 55,232,940 Shares issued on acquisition (Note 20) 21,361,002 - Total common shares outstanding 220,048,952 198,687,950 i. Shares issued for Restricted Share Units During the three months ended March 31, 2022, no Restricted Share Units (“ RSUs During the year ended December 31, 2021, the Company issued 3,126,534 common shares on the settlement of RSUs that had vested during the period. The Company did not receive any cash proceeds on the settlement. ii. Shares issued for Stock Options During the three months ended March 31, 2022, 1,106,925 exchange options were issued to holders of NGW options in connection with the Company’s acquisition of NGW. Other than the exchange options, no options were awarded, exercised or expired. During the year ended December 31, 2021, the Company issued 121,336 common shares on the exercise of options that had a strike price in the range of CAD$0.75 to CAD$1.55 per common share resulting in cash proceeds of $86,216 (CAD$108,987). iii. Shares issued on the exercise of Warrants During the three months ended March 31, 2022, no warrants were issued, exercised or expired. During the year ended December 31, 2021, the Company issued 3,772,640 common shares to warrant holders who exercised 3,772,640 warrants resulting in cash proceeds of $14,093,793 (CAD$17,848,084). iv. Shares issued on Financing – February 2021 On February 2, 2021, the Company completed a bought deal financing for aggregate gross proceeds of $53,852,980 (CAD$69,028,750) at a price of CAD$7.00 per unit. The Company issued 9,861,250 units of the Company. Each unit was comprised of one common share in the capital of the Company and one-half of one Common Share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of CAD$9.00 per common share for a period of 24 months. The Company also issued 591,676 broker warrants that entitle the holder to purchase one common share for a period of 24 months from the closing of the offering at a price of CAD$7.00 per common share. The broker warrants were measured based on the fair market value of the warrants using a Black Scholes valuation model. The Company incurred $3,494,930 in cash share issuance costs and $1,296,170 in broker warrant costs. The warrants are initially measured at fair value (Note 10) with residual proceeds being allocated to the common shares. Issuance costs have been allocated in the same proportion, with costs allocated to the warrant liability being expensed as incurred. The net proceeds were allocated as follows: Gross Proceeds Issuance Costs February 2, 2021 Financing Common shares (APIC) $ 50,967,999 $ (4,534,434 ) Warrant liability (Note 10) 2,884,981 (256,666 ) Total $ 53,852,980 $ (4,791,100 ) viii. Shares issued on Acquisition On March 2, 2022, the Company completed a business combination acquisition of NGW. The Company acquired all of the NGW Shares for a total consideration of 21,361,002 common shares of the Company and NGW then amalgamated with Planet 13 (Note 20).

Warrants

Warrants	3 Months Ended
	Mar. 31, 2022
Warrants
Warrants	10. Warrants The following table summarizes the fair value of the warrant liability at March 31, 2022 and December 31, 2021: March 31, December 31, 2022 2021 Opening balance $ 7,206,049 $ 13,204,211 Additions - 2,884,981 Exercises - (8,976,258 ) Foreign exchange 104,954 100,635 Change in fair value (4,264,763 ) (7,520 ) Closing balance $ 3,046,240 $ 7,206,049 The warrant liability is adjusted to fair value on the date the warrants are exercised and at the end of each reporting period. The amount that is reclassified to equity on the date of exercise is the fair value at that date. The following table summarizes the number of warrants outstanding at March 31, 2022 and December 31, 2021: March 31, 2022 Weighted Average Exercise Price - CAD December 31, 2021 Weighted Average Exercise Price - CAD Balance - beginning of period 8,861,951 $ 7.46 7,158,337 $ 4.98 Issued - $ - 5,522,301 $ 8.79 Exercised - $ - (3,772,640 ) $ 4.73 Expired - $ - (46,047 ) $ 3.75 Balance - end of period 8,861,951 $ 7.46 8,861,951 $ 7.46 The Company received cash proceeds of $14,093,793 (CAD$17,848,084) from the exercise of warrants during the year ended December 31, 2021. Fair values The Company complies with ASC 820, Fair Value Measurement, 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. Financial instruments recorded at fair value in the consolidated balance sheet are classified using a fair value hierarchy that reflects the observability of significant inputs used in making the measurements. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The fair value hierarchy requires the use of observable market inputs whenever such inputs exist. A financial instrument is classified to the lowest level of the hierarchy for which a significant input has been considered in measuring fair value. The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021: Quoted prices in active markets for identical asset (Level 1) Total March 31, 2022 Warrant liability $ (3,046,240 ) $ (3,046,240 ) December 31, 2021 Warrant liability (7,206,049 ) (7,206,049 )

Share based compensation

Share based compensation	3 Months Ended
	Mar. 31, 2022
Share based compensation
Share Based Compensation	11. Share based compensation (a) Stock options The Company has established an incentive stock option plan (the “ Plan During the three months ended March 31, 2022 and the year ended December 31, 2021 No incentive stock options were granted during the three months ended March 31, 2022 or the year ended December 31, 2021. During the three months ended March 31, 2022, the Company issued 1,106,925 options in exchange for all NGW options outstanding (Note 20). The following table summarizes information about stock options outstanding at March 31, 2022: Expiry Date Exercise price CAD$ March 31, 2022 Outstanding March 31, 2022 Exercisable December 31, 2021 Outstanding December 31, 2021 Exercisable July 4, 2022 $ 2.65 100,000 100,000 100,000 100,000 June 11, 2023 $ 0.80 61,668 61,668 61,668 61,668 June 30, 2024 $ 2.60 7,500 7,500 7,500 7,500 November 21, 2024 $ 1.31 282,528 282,528 - - February 27, 2025 $ 1.31 51,525 51,525 - - July 6, 2025 $ 1.31 97,325 97,325 - - September 30, 2025 $ 2.19 143,125 143,125 - - December 15, 2025 $ 3.06 269,075 269,075 - - September 30, 2026 $ 4.37 263,347 263,347 - - 1,276,093 1,276,093 169,168 169,168 The employee options vest one third on the grant date and one third on the first and second anniversary of the grant date. The following table reflects the continuity of stock options for the period presented: March 31, 2022 Weighted Average Exercise Price - CAD December 31, 2021 Weighted Average Exercise Price - CAD Balance - beginning of period 169,168 $ 2.01 293,838 $ 1.52 Issued 1,106,925 2.58 - - Exercised - - (121,336 ) 0.91 Expired - - (3,334 ) 0.80 Forfeited - - - - Balance - end of period 1,276,093 $ - 169,168 $ 2.01 Share based compensation expense attributable to employee options was $ nil The total intrinsic value of options exercised, outstanding and exercisable as of March 31, 2022 was $0, $676,329 and $676,329, respectively. The total intrinsic value of stock options exercised, outstanding and exercisable as of December 31, 2021 was $274,611, $238,010 and $238,010, respectively. (b) Restricted Share Units The Company has established a Restricted Share Unit incentive plan (the “ RSU Plan The following table summarizes the RSUs that are outstanding as at March 31, 2022 and 2021: March 31, 2022 March 31, 2021 Balance - beginning of period 2,591,929 1,764,250 Exercised - (852,154 ) Balance - end of period 2,591,929 912,096 The Company recognized $2,055,494 in share-based compensation expense attributable to RSUs vesting during the three months ended March 31, 2022 ($202,295 for the three months ended March 31, 2021). During the three months ended March 31, 2022 During the three months ended March 31, 2022, no RSUs were granted, exercised or vested. During the three months ended March 31, 2021 On January 4, 2021, the Company issued 852,154 common shares to settle 852,154 that had vested. The Company did not receive any cash from this issuance.

Loss per share

Loss per share	3 Months Ended
	Mar. 31, 2022
Loss Per Share
Loss Per Share	12. Loss per share Three Months Ended March 31, 2022 March 31, 2021 (Loss) available to common shareholders $ (2,061,071 ) $ (6,014,429 ) Weighted average number of shares outstanding, basic and diluted 205,570,940 190,777,592 Basic and diluted (loss) per share $ (0.01 ) $ (0.03 ) Approximately 12,729,976 and 10,790,606 of potentially dilutive securities for the three months ended March 31, 2022 and 2021, respectively were excluded in the calculation of diluted EPS as their impact would have been anti-dilutive due to the net losses for such periods.

General and administrative

General and administrative	3 Months Ended
	Mar. 31, 2022
General and administrative
General And Administrative	13. General and administrative Three Months Ended March 31, 2022 March 31, 2021 Salaries and wages $ 4,784,344 $ 3,448,129 Share based compensation 2,055,494 203,973 Executive compensation 673,614 499,336 Licenses and permits 843,029 588,041 Payroll taxes and benefits' 1,170,454 682,042 Supplies and office expenses 247,933 299,784 Subcontrators 732,984 474,640 Professional fees (legal, audit and other) 2,339,674 636,170 Miscelleneous general and administrative expenses 639,164 1,179,223 $ 13,486,690 $ 8,011,338

Supplemental cash flow informat

Supplemental cash flow information	3 Months Ended
	Mar. 31, 2022
Supplemental cash flow information
Supplemental Cash Flow Information	14. Supplemental cash flow information Change in Working Capital March 31, 2022 March 31, 2021 Accounts Receivable 469,564 304,238 Inventory 1,341,349 (1,865,995 ) Prepaid Expenses and Other Assets 242,118 (2,717,571 ) Long-term Deposits and Other Assets 12,911 - Deferred Tax Assets (11,353 ) - Accounts Payable 506,527 1,609,235 Accrued Expenses (1,765,521 ) 1,428,950 Income Taxes Payable 2,768,115 3,364,710 Other Liabilities - - $ 3,563,710 $ 2,123,567 Cash Paid Income Taxes $ - $ - Interest $ - $ - Non-cash Financing and Investing Activities Initial Recognition of Fair Value of Net Assets Acquired in NGW Acquisition in Exchange for Shares, excluding Cash $ 22,109,890 $ - Initial Recognition of ROU Assets and Lease Liabilities $ 56,130 $ - Fixed Asset Amounts in Accounts Payable $ 39,825 $ 369,066 Warrant liability reclassified to APIC on settlement $ - $ 6,388,839 Reclassification of long term lease liabilities to current $ 30,570 $ -

Related Party Transactions and

Related Party Transactions and Balances	3 Months Ended
	Mar. 31, 2022
Related Party Transactions and Balances
Related Party Transactions And Balances	15. Related Party Transactions and Balances Related party transactions are summarized as follows: a) Building Lease The Company is the sub-lessee of approximately 2,000 square feet of office space and purchases certain printed marketing collateral and stationery items from a company owned by one of the Company’s Co-CEOs. Amounts paid for rent for the three months ended March 31, 2022 and 2021 equaled $6,010 and $6,010, respectively. Amounts paid for printed marketing collateral and stationery items to the same company were $183,914 and $30,287 for the three months ended March 31, 2022 and 2021, respectively. The Company leased a cultivation facility from an entity owned by the Company’s Co-CEOs. Rent paid for this facility for the three months ended March 31, 2022 and 2021 equaled $nil and $229,054, respectively. On April 30, 2021, the Company’s Co-CEOs sold this building to an arm’s length third party who assumed the lease. (b) Other A company owned by one of the Company’s executives pays the Company for storage space. Amounts paid to the Company for storage space equaled $5,968 and $28,440 for the three months ended March 31, 2022 and 2020, respectively, and is recorded in other income.

Commitments and contingencies

Commitments and contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and contingencies
Commitments And Contingencies	16. Commitments and contingencies ( a) Construction Commitments The Company had $5,580,235 of outstanding construction commitments as of March 31, 2022. (b) Contingencies The Company’s operations are subject to a variety of local and state regulation. Failure to comply with one or more of those regulations could result in fines, restrictions on its operations, or losses of permits that could result in the Company ceasing operations. While management of the Company believes that the Company is in compliance with applicable local and state regulations at March 31, 2022, medical and adult use cannabis regulations continue to evolve and are subject to differing interpretations. As a result, the Company may be subject to regulatory fines, penalties, or restrictions in the future. (c) Claims and Litigation From time to time, the Company may be involved in litigation relating to claims arising out of operations in the normal course of business. At March 31, 2022 and December 31, 2021, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of the Company’s operations. There are also no proceedings in which any of the Company’s directors, officers or affiliates is an adverse party or has a material interest adverse to the Company’s interest. (d) Operating Licenses Although the possession, cultivation, and distribution of marijuana for medical and adult use is permitted in Nevada and California, marijuana is a Schedule-I controlled substance and its use remains a violation of federal law. Since federal law criminalizing the use of marijuana pre-empts state laws that legalize its use, strict enforcement of federal law regarding marijuana would likely result in the Company’s inability to proceed with our business plans. In addition, the Company’s assets, including real property, cash, equipment, and other goods, could be subject to asset forfeiture because marijuana is still federally illegal.

Risks

Risks	3 Months Ended
	Mar. 31, 2022
Risks
Risks	17. Risks Credit risk Credit risk is the risk that a third party might fail to discharge its obligations under the terms of a financial instrument. Credit risk arises from cash with banks and financial institutions. It is management’s opinion that the Company is not exposed to significant credit risk arising from these financial instruments. The Company limits credit risk by entering into business arrangements with high credit-quality counterparties. The Company evaluates the collectability of its accounts receivable and maintains an allowance for credit losses at an amount sufficient to absorb losses inherent in the existing accounts receivable portfolio as of the reporting dates based on the estimate of expected net credit losses. Concentration risk The Company operates exclusively in Southern Nevada and Southern California. Should economic conditions deteriorate within that region, its results of operations and financial position would be negatively impacted. Banking Risk Notwithstanding that a majority of states have legalized medical marijuana, there has been no change in US federal banking laws related to the deposit and holding of funds derived from activities related to the marijuana industry. Given that US federal law provides that the production and possession of cannabis is illegal, there is a strong argument that banks cannot accept or deposit funds from businesses involved with the marijuana industry. Consequently, businesses involved in the marijuana industry often have difficulty accessing the US banking system and traditional financing sources. The inability to open bank accounts with certain institutions may make it difficult to operate the business of the Company and leave the Company's cash holdings vulnerable. Asset Forfeiture Risk Because the cannabis industry remains illegal under US federal law, any property owned by participants in the cannabis industry which are either used in the course of conducting such business, or are the proceeds of such business, could be subject to seizure by law enforcement and subsequent civil asset forfeiture. Even if the owner of the property was never charged with a crime, the property in question could still be seized and subject to an administrative proceeding by which with minimal due process, it could be subject to forfeiture. Currency rate risk As of March 31, 2022, a portion of the Company’s financial assets and liabilities held in Canadian dollars consist of cash and cash equivalents of $143,474 (December 31, 2021 - $165,943). The Company’s objective in managing its foreign currency risk is to minimize its net exposure to foreign currency cash flows by transacting, to the greatest extent possible, with third parties in the functional currency. The Company is exposed to currency rate risk in other comprehensive income, relating to foreign subsidiaries which operate in a foreign currency. The Company does not currently use foreign exchange contracts to hedge its exposure of its foreign currency cash flows as management has determined that this risk is not significant at this point in time.

Disaggregated Revenue

Disaggregated Revenue	3 Months Ended
	Mar. 31, 2022
Disaggregated Revenue
Disaggregated Revenue	18. Disaggregated Revenue The following table presents the Company’s disaggregated revenue by sales channel: Three Months Ended March 31, March 31, 2022 2021 Retail $ 23,559,391 $ 22,775,156 Wholesale 2,135,004 1,041,052 Net revenues $ 25,694,395 $ 23,816,208

COVID-19

COVID-19	3 Months Ended
	Mar. 31, 2022
COVID-19
Covid-19	19. COVID-19 In March 2020, the World Health Organization declared coronavirus COVID-19 a global pandemic. The outbreak of this contagious disease, along with the related adverse public health developments, have negatively affected workforces, economies, and financial markets on a global scale. The Company incurred lower revenues, and additional expenditures related to COVID-19 during the first half of 2020. During the first half of 2020 the Company’s operations in Nevada were mandated as an essential service but were restricted to delivery only, with no curb-side pickup or instore sales permitted until such delivery-only order was lifted on May 30, 2020. The Company’s operating results were not materially impacted during the second half of 2020. Currently, the Company is closely monitoring the impact of the pandemic on all aspects of its business and it is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company’s business or results of operations.

Next Green Wave Acquisition

Next Green Wave Acquisition	3 Months Ended
	Mar. 31, 2022
Next Green Wave Acquisition
Next Green Wave Acquisition	20. Next Green Wave Acquisition On March 2, 2022 (the “ Closing Date Arrangement Agreement Arrangement NGW Shares Plan of Arrangement NGW Shareholders Pursuant to the Plan of Arrangement, on March 2, 2022, the Company acquired all of the NGW Shares for a total consideration of 21,361,002 common shares of the Company and NGW then amalgamated with Planet 13. The NGW Shareholders received 0.1145 of one Planet 13 Share (the “ Exchange Ratio Based upon the Exchange Ratio, all NGW options to acquire NGW Shares that were outstanding immediately prior to the Effective Time were also exchanged for Planet 13 options that will entitle the holders to receive, upon exercise thereof, Planet 13 Shares. As a result, the Company issued 1,106,925 options in exchange for the NGW options. The NGW acquisition was accounted for as a stock purchase acquisition as NGW was deemed to be a business under ASC 805 Business Combinations and the Company is in the process of obtaining a third-party purchase price allocation analysis related to this acquisition. In the interim, the following table summarizes the initial allocation of consideration exchanged to the estimated fair value of identifiable intangible assets acquired assumed: Consideration paid: Cash $ 15,205 Issuance of 21,361,002 Class A Shares (Note 11) 57,854,830 Issuance of 1,106,925 replacement options 1,239,818 59,109,853 Fair value of net assets acquired: Cash $ 1,478,698 Inventory 2,095,608 Accounts Receivable 1,306,803 Other current assets 67,340 Property, plant and equipment, net of accumulated depreciation 13,162,210 Other assets 185,619 Intangible asset - License 5,500,000 Goodwill 35,506,060 Accounts Payable (20,219 ) Accrued Liabilities (172,266 ) $ 59,109,853 The Company acquired NGW in order to become vertically integrated in California and to create a pathway to introduce it Nevada-based brands into the market. NGW’s post-acquisition revenues, gross profit and net income included in the Company’s results for the three months ended March 31, 2022 were $466,927, $(82,215) and $(149,227). The following table reflects the revenue, gross profit and comprehensive income (loss) that would have been reported if the acquisition had occurred at the beginning of the periods indicated: Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 As Reported NGW Pro Forma As Reported NGW Pro Forma Revenue, net of discounts $ 25,694,395 $ 870,651 $ 26,565,046 $ 23,816,218 $ 4,846,508 $ 28,662,726 Gross Profit 12,901,004 (131,700 ) 12,769,304 13,034,727 3,368,623 16,403,350 Comprehensive income (loss) for the period (2,061,071 ) (868,125 ) (2,929,196 ) (6,014,429 ) 1,750,995 (4,263,434 ) The NGW cannabis licenses acquired have an indefinite life and as such will not be subject to amortization. The ultimate amount of goodwill and other intangible assets resulting from the third-party purchase price allocation analysis will be assessed for impairment on at least an annual basis. The Company does not expect that any of the goodwill of other identified intangible assets will be deductible for tax purposes.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events
Subsequent Events	21. Subsequent Events None.

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Basis Of Presentation
Basis of consolidation	The accompanying consolidated financial statements include the accounts of the Company and all subsidiaries. Subsidiaries are entities in which the Company has a controlling voting interest or is the primary beneficiary of a variable interest entity. Subsidiaries are fully consolidated from the date control is transferred to the Company and are deconsolidated from the date control ceases. All intercompany accounts and transactions have been eliminated upon consolidation. The consolidated financial statements include all the assets, liabilities, revenues, expenses and cash flows of the Company and its subsidiaries after eliminating intercompany balances and transactions. These consolidated financial statements include the accounts of the Company and the following entities which are subsidiaries of the Company: Subsidiaries as at March 31, 2022 Jurisdiction of Incorporation Ownership Interest 2022 Ownership Interest 2021 Nature of Business MM Development Company, Inc. ("MMDC") USA 100 % 100 % Vertically integrated cannabis operations BLC Management Company LLC USA 100 % 100 % Holding company LBC CBD LLC ("LBC") USA 100 % 100 % CBD retail sales and marketing Newtonian Principles Inc. USA 100 % 100 % Cannabis retail sales Crossgate Capital U.S. Holdings Corp. USA 100 % 0 % Holding company, former NGW Subsidiary NGWB, LLC USA 100 % 0 % Proposed building holding company; former NGW subsidiary Next Green Wave, LLC USA 100 % 0 % CA license holding entity; former NGW subsidiary MM Development MI, Inc. USA 100 % 100 % Holding company MM Development CA, Inc. USA 100 % 100 % Holding company Planet 13 Illinois, LLC USA 49 % 49 % Holding company BLC NV Food, LLC USA 100 % 100 % Food retailing By The Slice, LLC USA 100 % 100 % Food retailing Planet 13 Chicago, LLC USA 100 % 100 % Holding company Planet 13 Florida, Inc. USA 100 % 100 % Holding company
Functional currency	The Company’s functional currency is the Unites States dollar (“ USD Canadian currency transactions are translated into USD at exchange rates in effect on the date of the transaction. Monetary assets and liabilities denominated in Canadian dollars (“ CAD Realized and unrealized foreign exchange gains and losses are recognized in the unaudited interim condensed consolidated statements of operations and comprehensive loss. Non-monetary assets and liabilities that are measured in terms of historical cost in CAD are translated using the exchange rate at the date of the transaction.
Emerging growth company	The Company is an “Emerging Growth Company”, as defined in Section 2(a) of the Securities Act of 1933, as amended (the “ Securities Act JOBS Act Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not has a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial reporting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public and private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard.
Business Combinations and Goodwill	The Company accounts for business combinations using the acquisition method in accordance with ASC 805, Business Combinations, which requires recognition of assets acquired and liabilities assumed, including contingent assets and liabilities, at their respective fair values on the date of acquisition. Any excess of the purchase consideration over the net fair value of tangible and identified intangible assets acquired less liabilities assumed is recorded as goodwill. The costs of business acquisitions, including fees for accounting, legal, professional consulting and valuation specialists, are expensed as incurred within general and administrative expenses. Purchase price allocations may be preliminary and, during the measurement period not to exceed one year from the date of acquisition, changes in assumptions and estimates that result in adjustments to the fair value of assets acquired and liabilities assumed are recorded in the period the adjustments are determined. The estimated fair value of acquired assets and assumed liabilities are determined primarily using a discounted cash flow approach, with estimated cash flows discounted at a rate that the Company believes a market participant would determine to be commensurate with the inherent risks associated with the asset and related estimated cash flow streams.

Basis Of Presentation (Tables)

Basis Of Presentation (Tables)	3 Months Ended
	Mar. 31, 2022
Basis Of Presentation
Consolidated Subsidiaries of the Company	Subsidiaries as at March 31, 2022 Jurisdiction of Incorporation Ownership Interest 2022 Ownership Interest 2021 Nature of Business MM Development Company, Inc. ("MMDC") USA 100 % 100 % Vertically integrated cannabis operations BLC Management Company LLC USA 100 % 100 % Holding company LBC CBD LLC ("LBC") USA 100 % 100 % CBD retail sales and marketing Newtonian Principles Inc. USA 100 % 100 % Cannabis retail sales Crossgate Capital U.S. Holdings Corp. USA 100 % 0 % Holding company, former NGW Subsidiary NGWB, LLC USA 100 % 0 % Proposed building holding company; former NGW subsidiary Next Green Wave, LLC USA 100 % 0 % CA license holding entity; former NGW subsidiary MM Development MI, Inc. USA 100 % 100 % Holding company MM Development CA, Inc. USA 100 % 100 % Holding company Planet 13 Illinois, LLC USA 49 % 49 % Holding company BLC NV Food, LLC USA 100 % 100 % Food retailing By The Slice, LLC USA 100 % 100 % Food retailing Planet 13 Chicago, LLC USA 100 % 100 % Holding company Planet 13 Florida, Inc. USA 100 % 100 % Holding company

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory
Schedule of Inventory	March 31, December 31, 2022 2021 Raw materials $ 5,380,680 $ 3,093,646 Packaging and miscellaneous 2,052,099 1,825,514 Work in progress 2,198,264 2,883,955 Finished goods 5,348,585 6,422,254 $ 14,979,628 $ 14,225,369

Prepaid expenses and other cu_2

Prepaid expenses and other current assets (Tables)	3 Months Ended
	Mar. 31, 2022
Prepaid expenses and other current assets
Schedule of Prepaid expenses and other current assets	March 31, December 31, 2022 2021 Security deposits $ 2,469,231 $ 2,287,596 Advertising and Marketing 73,382 306,415 Prepaid rent 241,428 218,599 Insurance 641,770 804,608 License fees 77,254 36,008 Miscellaneous 299,681 324,298 $ 3,802,746 $ 3,977,524

Property and equipment (Tables)

Property and equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property and equipment
Schedule of Property and equipment	Land and Leasehold Construction Improvements Buildings Equipment Improvements in Progress Total Gross carrying amount At December 31, 2021 $ 630,299 $ 1,707,894 $ 11,105,241 $ 54,718,371 $ 127,680 $ 68,289,485 Additions 3,957,912 9,098,972 190,442 1,087,782 2,530,024 16,865,132 Transfers - - 166,367 (166,367 ) - - At March 31, 2022 4,588,211 10,806,866 11,462,050 55,639,786 2,657,704 85,154,617 Depreciation At December 31, 2021 $ 179,297 $ 246,447 $ 3,801,166 $ 13,284,298 $ - $ 17,511,208 Additions 13,056 36,883 577,496 2,015,096 - 2,642,531 Transfers & disposals - - 3,743 (3,743 ) - - At March 31, 2022 192,353 283,330 4,382,405 15,295,651 - 20,153,739 Carrying amount At December 31, 2021 $ 451,002 $ 1,461,447 $ 7,304,075 $ 41,434,073 $ 127,680 $ 50,778,277 At March 31, 2022 $ 4,395,858 $ 10,523,536 $ 7,079,645 $ 40,344,135 $ 2,657,704 $ 65,000,878

Intangible assets (Tables)

Intangible assets (Tables)	3 Months Ended
	Mar. 31, 2022
Intangible assets
Schedule of Intangible assets	Retail Dispensary Santa Ana Retail Dispensary Clark County Cultivation and Production Clark County Master License Florida Cultivation Coalinga, California Total Carrying amount Balance, December 31, 2021 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ - $ 63,398,007 Additions - NGW - - - - 5,000,000 5,000,000 Balance, March 31, 2022 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 5,000,000 $ 68,398,007

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Warrants
Components of lease cost	Three Months Ended March 31, March 31, 2022 2021 Operating lease costs $ 971,243 $ 1,069,776 Finance lease costs: Amortization of lease assets - 12,599 Interest on lease liabilities - 1,583 Finance lease costs - 14,182 Short term lease expense 1,467 (2,130 ) Total lease costs $ 972,710 $ 1,081,828
Information of operating and finance leases	March 31, 2022 March 31, 2021 Finance Operating Finance Operating Lease Lease Lease Lease Weighted average discount rate 15.00 % 15.00 % 15.00 % 15.00 % Weighted average remaining lease term - 11.62 0.14 16.21
Maturity of undiscounted lease liabilities	March 31, 2022 December 31, 2021 Finance Operating Finance Operating Lease Lease Lease Lease 2021 $ - $ - $ - $ 3,261,812 One year - 3,635,441 - 3,385,737 Two years - 3,771,882 - 3,514,686 Three years - 3,913,770 - 3,648,859 Four years - 3,968,632 - 3,695,773 Five years - 3,857,670 - 3,880,082 Thereafter - 53,381,169 - 54,138,155 Total undiscounted lease liabilities - 72,528,564 - 73,170,343 Interest on lease liabilities - (48,914,769 ) - (49,612,758 ) Total present value of minimum lease payments - 23,613,795 23,557,585 Lease liability - current portion - (454,142 ) (423,573 ) Lease liability $ - $ 23,159,653 $ - $ 23,134,012
Schedule of Right-of-use assets	March 31, 2022 December 31, 2021 Finance Operating Finance Operating Lease Lease Lease Lease Gross carrying amount Balance, beginning of period $ 133,561 $ 22,830,123 $ 133,561 $ 21,962,564 Lease additions and modifications - 56,130 - 867,559 Disposals (96,601 ) - - - Balance, end of period $ 36,960 $ 22,886,253 $ 133,561 $ 22,830,123 Depreciation Balance, beginning of period $ 133,561 $ 2,430,158 $ 88,889 $ 1,464,669 Additions - 251,792 44,672 965,489 Disposals (96,601 ) - - - Balance, end of period $ 36,960 $ 2,681,950 $ 133,561 $ 2,430,158 Carrying amount, beginning of period $ - $ 20,399,965 $ 44,672 $ 20,497,895 Carrying amount, end of period $ - $ 20,204,303 $ - $ 20,399,965

Notes payable (Tables)

Notes payable (Tables)	3 Months Ended
	Mar. 31, 2022
Notes payable
Schedule of Notes payable	March 31, December 31, 2022 2021 Promissory note dated November 4, 2015, with semi-annual interest at 5.0%, secured by deed of trust, due December 1, 2019 884,000 884,000 $ 884,000 $ 884,000 Less current portion (884,000 ) (884,000 ) $ - $ - Started maturities of debt obligations are as follow: Next 12 months Promissory Note $ 884,000

Share capital (Tables)

Share capital (Tables)	3 Months Ended
	Mar. 31, 2022
Share capital
Schedule of Share capital	Number of Common Shares March 31, December 31, 2022 2021 Common Shares Balance at January 1 198,687,950 126,573,250 Shares issued on settlement of RSU's i. - 3,126,534 Shares issued on exercise of options ii. - 121,336 Shares issued on exercise of warrants iii. - 3,772,640 Shares issued on financing - February 2021 iv. - 9,861,250 Shares issued on conversion of Class A shares v. - 55,232,940 Shares issued on acquisition (Note 20) 21,361,002 - Total common shares outstanding 220,048,952 198,687,950
Schedule of warrant costs	Gross Proceeds Issuance Costs February 2, 2021 Financing Common shares (APIC) $ 50,967,999 $ (4,534,434 ) Warrant liability (Note 10) 2,884,981 (256,666 ) Total $ 53,852,980 $ (4,791,100 )

Warrants (Tables)

Warrants (Tables)	3 Months Ended
	Mar. 31, 2022
Warrants
Schedule of fair value of the warrant liability	March 31, December 31, 2022 2021 Opening balance $ 7,206,049 $ 13,204,211 Additions - 2,884,981 Exercises - (8,976,258 ) Foreign exchange 104,954 100,635 Change in fair value (4,264,763 ) (7,520 ) Closing balance $ 3,046,240 $ 7,206,049
Schedule of warrants outstanding	March 31, 2022 Weighted Average Exercise Price - CAD December 31, 2021 Weighted Average Exercise Price - CAD Balance - beginning of period 8,861,951 $ 7.46 7,158,337 $ 4.98 Issued - $ - 5,522,301 $ 8.79 Exercised - $ - (3,772,640 ) $ 4.73 Expired - $ - (46,047 ) $ 3.75 Balance - end of period 8,861,951 $ 7.46 8,861,951 $ 7.46
Fair Values of assets and liabilities	Quoted prices in active markets for identical asset (Level 1) Total March 31, 2022 Warrant liability $ (3,046,240 ) $ (3,046,240 ) December 31, 2021 Warrant liability (7,206,049 ) (7,206,049 )

Share based compensation (Table

Share based compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share based compensation
Summary of Stock options Activity	Expiry Date Exercise price CAD$ March 31, 2022 Outstanding March 31, 2022 Exercisable December 31, 2021 Outstanding December 31, 2021 Exercisable July 4, 2022 $ 2.65 100,000 100,000 100,000 100,000 June 11, 2023 $ 0.80 61,668 61,668 61,668 61,668 June 30, 2024 $ 2.60 7,500 7,500 7,500 7,500 November 21, 2024 $ 1.31 282,528 282,528 - - February 27, 2025 $ 1.31 51,525 51,525 - - July 6, 2025 $ 1.31 97,325 97,325 - - September 30, 2025 $ 2.19 143,125 143,125 - - December 15, 2025 $ 3.06 269,075 269,075 - - September 30, 2026 $ 4.37 263,347 263,347 - - 1,276,093 1,276,093 169,168 169,168
Schedule of Employee options vest one third on the grant date	March 31, 2022 Weighted Average Exercise Price - CAD December 31, 2021 Weighted Average Exercise Price - CAD Balance - beginning of period 169,168 $ 2.01 293,838 $ 1.52 Issued 1,106,925 2.58 - - Exercised - - (121,336 ) 0.91 Expired - - (3,334 ) 0.80 Forfeited - - - - Balance - end of period 1,276,093 $ - 169,168 $ 2.01
Summary of RSUs	March 31, 2022 March 31, 2021 Balance - beginning of period 2,591,929 1,764,250 Exercised - (852,154 ) Balance - end of period 2,591,929 912,096

Loss per share (Tables)

Loss per share (Tables)	3 Months Ended
	Mar. 31, 2022
Loss Per Share
Schedule of Loss per share	Three Months Ended March 31, 2022 March 31, 2021 (Loss) available to common shareholders $ (2,061,071 ) $ (6,014,429 ) Weighted average number of shares outstanding, basic and diluted 205,570,940 190,777,592 Basic and diluted (loss) per share $ (0.01 ) $ (0.03 )

General and administrative (Tab

General and administrative (Tables)	3 Months Ended
	Mar. 31, 2022
General and administrative
Schedule of General and administrative	Three Months Ended March 31, 2022 March 31, 2021 Salaries and wages $ 4,784,344 $ 3,448,129 Share based compensation 2,055,494 203,973 Executive compensation 673,614 499,336 Licenses and permits 843,029 588,041 Payroll taxes and benefits' 1,170,454 682,042 Supplies and office expenses 247,933 299,784 Subcontrators 732,984 474,640 Professional fees (legal, audit and other) 2,339,674 636,170 Miscelleneous general and administrative expenses 639,164 1,179,223 $ 13,486,690 $ 8,011,338

Supplemental cash flow inform_2

Supplemental cash flow information (Tables)	3 Months Ended
	Mar. 31, 2022
Supplemental cash flow information
Schedule of Supplemental cash flow information	Change in Working Capital March 31, 2022 March 31, 2021 Accounts Receivable 469,564 304,238 Inventory 1,341,349 (1,865,995 ) Prepaid Expenses and Other Assets 242,118 (2,717,571 ) Long-term Deposits and Other Assets 12,911 - Deferred Tax Assets (11,353 ) - Accounts Payable 506,527 1,609,235 Accrued Expenses (1,765,521 ) 1,428,950 Income Taxes Payable 2,768,115 3,364,710 Other Liabilities - - $ 3,563,710 $ 2,123,567 Cash Paid Income Taxes $ - $ - Interest $ - $ - Non-cash Financing and Investing Activities Initial Recognition of Fair Value of Net Assets Acquired in NGW Acquisition in Exchange for Shares, excluding Cash $ 22,109,890 $ - Initial Recognition of ROU Assets and Lease Liabilities $ 56,130 $ - Fixed Asset Amounts in Accounts Payable $ 39,825 $ 369,066 Warrant liability reclassified to APIC on settlement $ - $ 6,388,839 Reclassification of long term lease liabilities to current $ 30,570 $ -

Disaggregated Revenue (Tables)

Disaggregated Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Disaggregated Revenue
Schedule of Disaggregated Revenue	Three Months Ended March 31, March 31, 2022 2021 Retail $ 23,559,391 $ 22,775,156 Wholesale 2,135,004 1,041,052 Net revenues $ 25,694,395 $ 23,816,208

Next Green Wave Acquisition (Ta

Next Green Wave Acquisition (Tables)	3 Months Ended
	Mar. 31, 2022
Next Green Wave Acquisition
Estimated fair value of identifiable intangible assets acquired	Consideration paid: Cash $ 15,205 Issuance of 21,361,002 Class A Shares (Note 11) 57,854,830 Issuance of 1,106,925 replacement options 1,239,818 59,109,853 Fair value of net assets acquired: Cash $ 1,478,698 Inventory 2,095,608 Accounts Receivable 1,306,803 Other current assets 67,340 Property, plant and equipment, net of accumulated depreciation 13,162,210 Other assets 185,619 Intangible asset - License 5,500,000 Goodwill 35,506,060 Accounts Payable (20,219 ) Accrued Liabilities (172,266 ) $ 59,109,853
Schedule of comprehensive income (loss)	Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 As Reported NGW Pro Forma As Reported NGW Pro Forma Revenue, net of discounts $ 25,694,395 $ 870,651 $ 26,565,046 $ 23,816,218 $ 4,846,508 $ 28,662,726 Gross Profit 12,901,004 (131,700 ) 12,769,304 13,034,727 3,368,623 16,403,350 Comprehensive income (loss) for the period (2,061,071 ) (868,125 ) (2,929,196 ) (6,014,429 ) 1,750,995 (4,263,434 )

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	3 Months Ended
	Mar. 31, 2022
Crossgate Capital U.S. Holdings Corp. [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	0.00%
NGWB, LLC [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	0.00%
Next Green Wave, LLC [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	0.00%
MM Devlopment MI, Inc. [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
MM Devlopment CA, Inc.) [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
Planet 13 Illinois, LLC [Member]
Ownership interest 2022	49.00%
Ownership interest 2021	49.00%
BLC NV Food, LLC [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
By The Slice, LLC [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
Planet 13 Chicago, LLC [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
Planet 13 Florida, Inc. [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
MM Development Company, Inc. ("MMDC") [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
BLC Management Company LLC[Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
LBC CBD LLC ("LBC") [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%
Newtonian Principles Inc. [Member]
Ownership interest 2022	100.00%
Ownership interest 2021	100.00%

Inventory (Details)

Inventory (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Inventory (Details)
Raw materials	$ 5,380,680	$ 3,093,646
Packaging and miscellaneous	2,052,099	1,825,514
Work in progress	2,198,264	2,883,955
Finished goods	5,348,585	6,422,254
Inventories Gross	$ 14,979,628	$ 14,225,369

Inventory (Details Narrative)

Inventory (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Inventory (Details)
Cost of goods sales	$ 12,793,391	$ 10,781,481

Prepaid expenses and other cu_3

Prepaid expenses and other current assets (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Prepaid expenses and other current assets (Details)
Security deposits	$ 2,469,231	$ 2,287,596
Advertising and Marketing	73,382	306,415
Prepaid rent	241,428	218,599
Insurance	641,770	804,608
License fees	77,254	36,008
Miscellaneous	299,681	324,298
Total	$ 3,802,746	$ 3,977,524

Property and equipments (Detail

Property and equipments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Property Plant Equipment, Gross, Beginning Balance		$ 68,289,485
Additions	$ 16,865,132
Transfers	0
Property Plant Equipment, Gross, Ending Balance	85,154,617
Accumulated Depreciation, Beginning Balance		17,511,208
Accumulated Depriciation, additions	2,642,531
Transfers & disposals	0
Accumulated Depreciation,Ending Balance	20,153,739
Net Ending Balance	65,000,878	50,778,277
Buildings [Member]
Property Plant Equipment, Gross, Beginning Balance		1,707,894
Additions	9,098,972
Transfers	0
Property Plant Equipment, Gross, Ending Balance	10,806,866
Accumulated Depreciation, Beginning Balance		246,447
Accumulated Depriciation, additions	36,883
Transfers & disposals	0
Accumulated Depreciation,Ending Balance	283,330
Net Ending Balance	10,523,536	1,461,447
Land and improvements [Member]
Property Plant Equipment, Gross, Beginning Balance		630,299
Additions	3,957,912
Transfers	0
Property Plant Equipment, Gross, Ending Balance	4,588,211
Accumulated Depreciation, Beginning Balance		179,297
Accumulated Depriciation, additions	13,056
Transfers & disposals	0
Accumulated Depreciation,Ending Balance	192,353
Net Ending Balance	4,395,858	451,002
Equipment [Member]
Property Plant Equipment, Gross, Beginning Balance	11,462,050	11,105,241
Additions	190,442
Transfers	166,367
Accumulated Depreciation, Beginning Balance		246,447
Accumulated Depriciation, additions	577,496
Transfers & disposals	3,743
Accumulated Depreciation,Ending Balance	4,382,405	3,801,166
Net Ending Balance	7,079,645	7,304,075
Leasehold improvemnets [Member]
Property Plant Equipment, Gross, Beginning Balance		54,718,371
Additions	1,087,782
Transfers	(166,367)
Property Plant Equipment, Gross, Ending Balance	55,639,786
Accumulated Depreciation, Beginning Balance		13,284,298
Accumulated Depriciation, additions	2,015,096
Transfers & disposals	3,743
Accumulated Depreciation,Ending Balance	15,295,651
Net Ending Balnace	40,344,135	41,434,073
Construction in Progress [Member]
Property Plant Equipment, Gross, Beginning Balance		127,680
Additions	2,530,024
Transfers	0
Property Plant Equipment, Gross, Ending Balance	2,657,704
Accumulated Depreciation, Beginning Balance		0
Accumulated Depriciation, additions	0
Transfers & disposals	0
Accumulated Depreciation,Ending Balance	0
Net Ending Balance	$ 2,657,704	$ 127,680

Property and equipment (Details

Property and equipment (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property and equipments (Details)
Cost of goods sales	$ 602,479	$ 444,025
Depreciation commences	5,580,235	0
Depreciation expense	2,642,531	$ 1,408,621
Accumulated Depreciation	3,743
Gross assets value	$ 166,367

Intangible assets (Details)

Intangible assets (Details)	3 Months Ended
	Mar. 31, 2022USD ($)
Beginning Balance	$ 63,398,007
Additions	5,000,000
Ending Balance	68,398,007
Transfers	0
Master License Florida [Member]
Beginning Balance	55,846,866
Additions	0
Ending Balance	55,846,866
Cultivation Coalinga, California [Member]
Beginning Balance	0
Additions	5,000,000
Ending Balance	5,000,000
Retail Dispensary Santa Ana [Member]
Beginning Balance	6,151,343
Ending Balance	6,151,343
Transfers	0
Cultivation and Production Clark County [Member]
Beginning Balance	709,798
Additions	0
Ending Balance	709,798
Retail Dispensary Clark County [Member]
Beginning Balance	690,000
Additions	0
Ending Balance	$ 690,000

Intangible asset (Details Narra

Intangible asset (Details Narrative)	Mar. 31, 2022USD ($)
Intangible asset (Details Narrative)
Capitalize cost	$ 846,866
Restricted cash	$ 55,000,000

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases (Details)
Amortization of lease assets	$ 0	$ 12,599
Operating lease cost	971,243	1,069,776
Interest on lease liabilities	0	1,583
Finance lease costs	0	14,182
Finance Short term lease expense	(1,467)	(2,130)
Total lease costs	$ 972,710	$ 1,081,828

Leases (Details 1)

Leases (Details 1)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases (Details)
Operating Lease: Weighted-average discount rate	15.00%	15.00%
Operating lease : Weighted-average remaining lease term	11 years 7 months 13 days	16 years 2 months 15 days
Financing Lease: Weighted-average discount rate	15.00%	15.00%
Finance lease : Weighted-average remaining lease term	0 years	1 month 20 days

Leases (Details 2)

Leases (Details 2) - USD ($)	Mar. 31, 2022	Mar. 31, 2021
Operating Lease :
2021	$ 0	$ 3,261,812
One year	3,635,441	3,385,737
Two years	3,771,882	3,514,686
Three years	3,913,770	3,648,859
Four years	3,968,632	3,695,773
Five years	3,857,670	3,880,082
Thereafter	53,381,169	54,138,155
Total undiscounted lease liabilities	72,528,564	73,170,343
Interest on lease liabilities	(48,914,769)	(49,612,758)
Total present value of minimum lease payments	23,613,795	23,557,585
Lease liability - current portion	(454,142)	(423,573)
Lease liability	23,159,653	23,134,012
Financing lease abstract:
Financinhg Lease: 2021	0	0
Financing lease: One year	0	0
Financing lease: Two years	0	0
Financing lease: Three years	0	0
Financing lease: Four years	0	0
Financing lease: Five years	0	0
Thereafter	0	0
Financing lease: Total undiscounted lease liabilities	0	0
Financing Lease : Interest on lease liabilities	0
Financing lease: Total present value of minimum lease payments	$ 0	$ (33,773)

Leases (Details 3)

Leases (Details 3) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Carrying amount, beginning of period	$ 20,399,965
Carrying amount, end of period	20,204,303	$ 20,399,965
Finance Lease
Gross carrying amount, Balance, beginning of period	133,561	133,561
Gross carrying amount, Disposals	96,601
Gross carrying amount, Balance, end of period	36,960	133,561
Depreciation, Balance, beginning of period	133,561	88,889
Depreciation, Additions		44,672
Depreciation, Disposals	96,601
Depreciation, Balance, end of period	36,960	133,561
Carrying amount, beginning of period	0	44,672
Carrying amount, end of period	0	0
Operating Lease
Gross carrying amount, Balance, beginning of period	22,830,123	21,962,564
Gross carrying amount, Lease additions and modifications	56,130	867,559
Gross carrying amount, Balance, end of period	22,886,253	22,830,123
Depreciation, Balance, beginning of period	2,430,158	1,464,669
Depreciation, Additions	251,792	965,489
Depreciation, Balance, end of period	2,681,950	2,430,158
Carrying amount, beginning of period	20,399,965	20,497,895
Carrying amount, end of period	$ 20,204,303	$ 20,399,965

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases (Details)
Operating lease cost	$ 971,243	$ 1,069,776
Capitalized to inventory included in cost of goods sold	$ 489,996	$ 457,450

Notes payable (Details)

Notes payable (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Property and equipments (Details)
Promisory note dated November 4, 2015, with semi-annual interest at 5.0%, secured by deed of trust, due December 1, 2019	$ 884,000	$ 884,000
Total gross	884,000	884,000
Less current portion	(884,000)	(884,000)
Total	0	$ 0
Next 12 months Promisory Note	$ 884,000

Share capital (Details)

Share capital (Details) - Common Shares - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Balance, Shares	198,687,950	126,573,250
Shares issued on settlement of RSU's		3,126,534
Shares issued on exercise of options		121,336
Shares issued on exercise of warrants		3,772,640
Shares issued on financing - February 2021		9,861,250
Shares issued on conversion of Class A shares		55,232,940
Shares issued on acqusition (Note 20)	21,361,002
Balance, Shares	220,048,952	198,687,950

Share capital (Details 1)

Share capital (Details 1)	3 Months Ended
	Mar. 31, 2022USD ($)
Issuance Costs	$ (4,791,100)
Gross Proceeds	53,852,980
Common Shares
Issuance Costs	(4,534,434)
Gross Proceeds	50,967,999
Warrant Liability
Issuance Costs	(256,666)
Gross Proceeds	$ 2,884,981

Share capital (Details Narrativ

Share capital (Details Narrative) - USD ($)	Feb. 02, 2022	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 02, 2022	Dec. 31, 2020
Cash proceeds				$ 14,093,793
Strike price	$ 7
Gross Proceeds		$ 12,901,004	$ 13,034,727
Share issuance costs		$ 4,791,100
Minimum [Member]
Strike price				$ 0.75
Maximum [Member]
Strike price				$ 1.55
Stock Option
Cash proceeds				$ 86,216
Warrants exercised		1,106,925		121,336
Acquisition
Common shares issued					21,361,002
Restricted Stock Units (RSUs)
Common shares issued				3,126,534
Common Shares
Common shares issued		220,048,952		198,687,950		126,573,250
Share issuance costs		$ 4,534,434
Warrants exercised				121,336
Warrant [Member]
Cash proceeds				$ 14,093,793
Common shares issued				3,772,640
Warrants exercised				3,772,640
Financing - February 2021
Exercise price	$ 9
Common shares issued	9,861,250
Gross Proceeds	$ 53,852,980
Broker warrant costs		1,296,170
Share issuance costs		$ 3,494,930
Broker warrants issued		591,676

Warrant (Details)

Warrant (Details) - Warrant Liability - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Beginning balance	$ 7,206,049	$ 13,204,211
Additions	0	2,884,981
Exercises	0	8,976,258
Foreign exchange	104,954	100,635
Change in fair value	(4,264,763)	(7,520)
Ending balance	$ 3,046,240	$ 7,206,049

Warrant (Details 1)

Warrant (Details 1) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Balance - beginning of period	169,168	293,838	293,838
Issued	1,106,925		0
Exercised	$ 0	$ (10,884,762)
Expired	0		(3,334)
Balanace-ending of period	1,276,093		169,168
Weighted average exercise price, at beginning of period	$ 2.01	$ 1.52	$ 1.52
Weighted Average Exercise Price, Ending Balance	$ 0		$ 2.01
Warrant Liability
Balance - beginning of period	8,861,951	7,158,337	7,158,337
Issued	0	5,522,301
Exercised	$ 0	$ (3,772,640)
Expired	0	(46,047)
Balanace-ending of period	8,861,951	8,861,951	8,861,951
Weighted average exercise price, cancelled/expired	$ 0	$ 3.75
Weighted average exercise price, at beginning of period	7.46	4.98	$ 4.98
Weighted average exercise price, issued	0	8.79
Weighted average exercise price, Exercise	0	4.73
Weighted Average Exercise Price, Ending Balance	$ 7.46	$ 7.46	$ 7.46

Warrant (Details 2)

Warrant (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Warrant liability	$ (4,264,763)	$ 5,904,816
Warrant Liability
Warrant liability	(3,046,240)	(7,206,049)
Fair Value, Inputs, Level 1 [Member] | Warrant Liability
Warrant liability	$ (3,046,240)	$ (7,206,049)

Warrant (Details Narrative)

Warrant (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Warrant (Details)
Received cash proceeds	$ 0	$ 10,884,762

Share based compensation (Detai

Share based compensation (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Outstanding	1,276,093	169,168	293,838
Exercisable	1,276,093	169,168
July 4, 2022 [Member]
Outstanding	100,000	100,000
Exercisable	100,000	100,000
Exercise price	$ 2.65
June 11, 2023 [Member]
Outstanding	61,668	61,668
Exercisable	61,668	61,668
Exercise price	$ 0.80
June 30, 2024 [Member]
Outstanding	7,500	7,500
Exercisable	7,500	7,500
Exercise price	$ 2.60
November 21, 2024 [Member]
Outstanding	282,528	0
Exercisable	282,528	0
Exercise price	$ 1.31
February 27, 2025 [Member]
Outstanding	51,525	0
Exercisable	51,525	0
Exercise price	$ 1.31
July 6, 2025 [Member]
Outstanding	97,325	0
Exercisable	97,325	0
Exercise price	$ 1.31
September 30, 2025 [Member]
Outstanding	143,125	0
Exercisable	143,125	0
Exercise price	$ 2.19
December 15, 2025 [Member]
Outstanding	269,075	0
Exercisable	269,075	0
Exercise price	$ 3.06
September 30, 2026 [Member]
Outstanding	263,347	0
Exercisable	263,347	0
Exercise price	$ 4.37

Share based compensation (Det_2

Share based compensation (Details 1) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Property and equipments (Details)
Balance - beginning of period	169,168	293,838
Issued	1,106,925	0
Exercised	0	121,336
Expired	0	3,334
Forfeited	0	0
Balance - end of period	1,276,093	169,168
Weighted average exercise price, at beginning of period	$ 2.01	$ 1.52
Weighted Average Exercise, Issued	2.58
Weighted Average Exercise, Exercised		0.91
Weighted Average Exercise, Expired		0.80
Weighted Average Exercise Price, Ending Balance	$ 0	$ 2.01

Share based compensation (Det_3

Share based compensation (Details 2) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property and equipments (Details)
Balance - beginning of period	2,591,929	1,764,250
Exercised	0	852,154
Balance - end of period	2,591,929	912,096

Share based compensation (Det_4

Share based compensation (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Jan. 04, 2021
Property and equipments (Details)
Share based compensations		$ 1,678
Share based compensation RSU	$ 2,055,494	$ 202,295
Intrinsic value of options outstanding	676,329		$ 238,010
Exercises intrinsic value			274,611
Common shares Issued				852,154
Common shares vested				852,154
Exercisable intrinsic value	$ 676,329		$ 238,010

Loss per share (Details)

Loss per share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property and equipments (Details)
Loss available to common shareholders	$ (2,061,071)	$ (6,014,429)
Weighted average number of shares outstanding, basic and diluted	$ 205,570,940	$ 190,777,592
Basic and diluted (loss) per share	$ (0.01)	$ (0.03)

Loss per share (Details Narrati

Loss per share (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property and equipments (Details)
Potentially dilutive securities	$ 12,729,976	$ 10,790,606

General and administrative (Det

General and administrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property and equipments (Details)
Salaries and wages	$ 4,784,344	$ 3,448,129
Share based compensation	2,055,494	203,973
Licenses and permits	673,614	499,336
Payroll taxes and benefits	1,170,454	682,042
Supplies and office expenses	247,933	299,784
Subcontrators	732,984	474,640
Professional fees	2,339,674	636,170
Miscelleneous general and administrative expenses	13,486,690	7,974,816
Total General and administrative expense	$ 13,486,690	$ 8,011,338

Supplemental cash flow inform_3

Supplemental cash flow information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Change in Working Capital
Accounts Receivable	$ 469,564	$ 304,238
Inventory	1,341,349	(1,865,995)
Prepaid Expenses and Other Assets	242,118	(2,717,571)
Long-term Deposits and Other Assets	12,911	0
Deferred Tax Assets	(11,353)	0
Accounts Payable	506,527	1,609,235
Accrued Expenses	(1,765,521)	1,428,950
Income Taxes Payable	2,768,115	3,364,710
Other Liabilities	0	0
Net Changes in Non-cash Working Capital Items	3,563,710	2,123,567
Income Taxes cash paid	0	0
Interest cash paid	0	0
Non-cash Financing and Investing Activities
Initial Recognition of Fair Value of Net Assets Acquired in NGW Acqusition in Exchange for Shares, excluding Cash	22,109,890	0
Initial Recognition of ROU Assets and Lease Liabilities	56,130	0
Fixed Asset Amounts in Accounts Payable	39,825	369,066
Warrant liability reclassified to APIC on settlement	0	6,388,839
Reclassification of long term lease liabilities to current	$ 30,570	$ 0

Related Party Transactions an_2

Related Party Transactions and Balances (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)a	Mar. 31, 2021USD ($)
Amount paid for storage space	$ 5,968	$ 28,440
co-CEOs [Member]
Rent paid	$ 0	229,054
Building [Member]
Area of land | a	2,000
Rent paid	$ 6,010	6,010
Amount paid for marketing	$ 183,914	$ 30,287

Commitments and contingencies (

Commitments and contingencies (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)
Commitments and contingencies (Details Narrative)
Outstanding construction	$ 5,580,235

Risks (Details Narrative)

Risks (Details Narrative) - USD ($)	Mar. 31, 2022	Mar. 31, 2021
Risks (Details Narrative)
Cash and cash equivalents	$ 143,474	$ 165,943

Disaggregated Revenue (Details)

Disaggregated Revenue (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Revenue	$ 25,694,395	$ 23,816,208
Wholesale [Member]
Net Revenue	2,135,004	1,041,052
Retail [Member]
Net Revenue	$ 23,559,391	$ 22,775,156

Next Green Wave Acquisition (De

Next Green Wave Acquisition (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Next Green Wave Acquisition (Details)
Cash	$ 15,205
Issuance of 21,361,002 Class A Shares (Note 11)	57,854,830
Issuance of 1,106,925 replacement options	1,239,818
Consideration paid	59,109,853
Fair value of net assets acquired:
Cash	1,478,698
Inventory	2,095,608
Accounts Receivable	1,306,803
Other current assets	67,340
Property, plant and equipment, net of accumulated depreciation	13,162,210
Other assets	185,619
Intangible asset - License	5,500,000
Goodwill	35,506,060	$ 0
Accounts Payable	(20,219)
Accrued Liabilities	(172,266)
Fair value of net assets acquired	$ 59,109,853

Next Green Wave Acquisition (_2

Next Green Wave Acquisition (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Gross Profit	$ 12,901,004	$ 13,034,727
Comprehensive income (loss) for the period	(2,061,071)	(6,014,429)
Pro Forma
Revenue, net of discounts	26,565,046	28,662,726
Gross Profit	12,769,304	16,403,350
Comprehensive income (loss) for the period	(2,929,196)	(4,263,434)
NGW
Revenue, net of discounts	870,651	4,846,508
Gross Profit	(131,700)	3,368,623
Comprehensive income (loss) for the period	(868,125)	1,750,995
Reported
Revenue, net of discounts	25,694,395	23,816,218
Gross Profit	12,901,004	13,034,727
Comprehensive income (loss) for the period	$ (2,061,071)	$ (6,014,429)

Next Green Wave Acquisition (_3

Next Green Wave Acquisition (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Nominal cash payment	$ 0.0001
Exchange ratio	$ 0.1145
Cash issued	$ 15,205
Fractional per share	$ 3.379
Aggregate cash-in-lieu consideration	$ 77.61
Options issued	1,106,925
Revenues	$ 25,694,395	$ 23,816,208
Gross Profit	12,901,004	13,034,727
Net Income	(2,061,071)	$ (6,014,429)
Next Green Wave Holdings [Member]
Common shares	21,361,002
Revenues	466,927
Gross Profit	(82,215)
Net Income	$ (149,227)