iAnthus Capital Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Note 7 – Property, Plant and Equipment


		As of December 31, 2023
		Cost			Accumulated Depreciation			Net Book Value
Buildings	$		74,922	$		10,305	$		64,617
Leasehold improvements			47,693			28,959			18,734
Production equipment			3,504			2,244			1,260
Processing equipment			4,470			3,219			1,251
Sales equipment			1,275			1,054			221
Office equipment			7,079			5,775			1,304
Land			2,894			—			2,894
Construction in progress			3,722			—			3,722
Total	$		145,559	$		51,556	$		94,003


		As of December 31, 2022
		Cost			Accumulated Depreciation			Net Book Value
Buildings	$		75,359	$		7,791	$		67,568
Leasehold improvements			45,852			23,410			22,442
Production equipment			3,139			1,620			1,519
Processing equipment			4,027			2,780			1,247
Sales equipment			1,305			785			520
Office equipment			6,685			4,644			2,041
Land			3,644			—			3,644
Construction in progress			4,339			—			4,339
Total	$		144,350	$		41,030	$		103,320

For the year ended December 31, 2023, the Company recorded depreciation expense of $11.2 million (December 31, 2022— $12.7 million). During the year ended December 31, 2023, the Company disposed $1.7 million of property, plant and equipment, net (December 31, 2022—$1.0 million), with total consideration of approximately $1.9 million, resulting in a gain of $0.2 million

(December 31, 2022—gain of $0.7 million). The majority of the assets disposed included land, building and equipment for the dispensary and grow facility in Denver.