v3.25.2
RELATED PARTIES
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
RELATED PARTIES
NOTE 8. RELATED PARTIES

In 2023, the Company entered into an agreement to rent an asset from an entity that is directly owned in part by the Company’s Chief Executive Officer and Chair of the board of directors. The expense related to the use of this asset was $0.1 million and $0.1 million for the three and six months ended June 30, 2025 and 2024, respectively, and recorded to selling, general, and administrative expenses on the condensed consolidated statements of operations.

The Company leases a cultivation facility and corporate office facility from an entity that is indirectly owned by the Company's Chief Executive Officer and Chair of the board of directors, a former member of the Company's board of directors, and another member of the Company's board of directors. The Company had the following related party operating leases on the condensed consolidated balance sheets, under ASC 842, as of:
June 30,
2025		December 31,
2024
(in thousands)
Right-of-use assets, net$515 $582 
Lease liabilities:
Lease liabilities - current portion$150 $142 
Lease liabilities405 482 
Total related parties lease liabilities$555 $624 

Lease expense recognized on leases with related parties was $0.1 million and $0.1 million for the three months ended June 30, 2025 and 2024, respectively, and $0.1 million and $0.1 million for the six months ended June 30, 2025 and 2024, respectively, and recorded to cost of goods sold and selling, general, and administrative expenses on the condensed consolidated statements of operations.