Related Party Transactions |
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| Related Party Transactions | Note 20. Related Party Transactions In February 2024, the Company sold and issued Convertible Notes to Westrock Group, LLC (an affiliate of Scott Ford, the Company’s Chief Executive Officer and a member of the board of directors of the Company, “Westrock Group”), Wooster Capital, LLC (an affiliate of Joe Ford, chairman of the board of directors) and HF Direct Investments Pool, LLC (a holder of more than 10% of the outstanding Common Shares), each a related party. The Condensed Consolidated Financial Statements reflect the following transactions with related parties:
In addition, the Company reimburses Westrock Group for the usage of a corporate aircraft, and its portion of shared administrative expenses. For the three months ended March 31, 2025 and 2024, the Company recognized expenses of $0.1 million and $0.3 million, respectively, for such items, which are recorded in selling, general and administrative expenses in our Condensed Consolidated Statements of Operations. At March 31, 2025 and December 31, 2024, we had $0.1 million payable and $0.1 million payable to Westrock Group, respectively, related to such items. |
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