v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (68,113,908) $ (28,007,509)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash amortization of inventory step up included in product costs 17,805,282  
Inventory valuation adjustments 1,859,305 294,000
Depreciation 11,337,597 292,694
Depreciation capitalized into inventory 4,771,998 2,244,087
Non-cash operating lease expense 2,440,134 439,664
Amortization of intangible assets 5,747,651 720,134
Amortization of intangible assets capitalized into inventory 99,116 99,116
Stock-based payments 12,946,707 3,537,774
Warrants held 586,273 (333,612)
Derivative (gain) loss 172,811  
Loss on extinguishment of debt 4,911,988  
Loss on impairment of long-lived assets 2,600,000  
Interest Expense 3,908,763 4,794,018
Bad debt expense 605,443 237,873
Accretion of interest on right-of-use finance lease liabilities 575,677 221,010
(Gain) loss on change in the fair value of contingent consideration 9,617,000  
Non-cash gain on legal settlement (8,172,587)  
Loss (gain) on disposal of assets (771,738) 121,756
Change in operating assets and liabilities:    
Accounts Receivable (6,063,868) (1,030,224)
Prepaid expenses 222,735 (164,564)
Inventory (8,704,956) (2,391,818)
Purchase of marketable securities (1,020,243)  
Income taxes 8,111,049 250,646
Deferred income tax expense (benefit) (13,406,000)  
Uncertain tax position liabilities 33,477,000 10,968,000
Accounts payable and accrued liabilities (8,716,947) 2,403,710
Changes in operating lease liabilities (3,114,791) (277,851)
Change in assets and liabilities held for sale   (4,653,454)
Net cash provided by (used in) operating activities 3,711,491 (10,234,550)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant, and equipment (28,324,056) (11,694,966)
Proceeds from note receivable   3,600,000
Capitalized software development costs (1,492,617)  
Proceeds from sale of assets held for sale 250,000  
Deposits (1,033,646) (37,600)
Net cash provided by (used in) investing activities 8,759,451 (8,132,566)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of issuance costs 146,039,514 4,668,730
Proceeds from convertible debt, net of issuance costs   9,854,283
Proceeds from issuance of shares   80,828,687
Proceeds from warrant exercises 38,516 69,663
Proceeds from option exercises 121,721 16,500
Debt principal payments (127,780,692) (1,234,000)
Lease principal payments   (196,442)
Net cash provided by (used in) financing activities 18,419,059 94,007,421
Net change in cash 30,890,001 75,640,305
Cash and restricted cash, beginning of period 91,604,970 15,964,665
Cash and restricted cash, end of period 122,494,971 $ 91,604,970
Wholesome Co, Inc.    
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on change in the fair value of contingent consideration 9,827,000  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition net of cash 7,025,811  
Deep Roots Holdings, Inc.    
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on change in the fair value of contingent consideration (1,108,000)  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition net of cash 19,382,757  
Proper Holdings Management, Inc.    
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on change in the fair value of contingent consideration 898,000  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition net of cash $ 12,951,202