v3.26.1
Revenues
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenues

3. REVENUES

The Company’s revenue transactions consist of a single performance obligation to transfer promised goods at a fixed price. Quantities to be delivered to the customer are determined at a point near the date of delivery through purchase orders received from the customer. The Company recognizes revenue when it has fulfilled a performance obligation, which is typically when the customer receives the goods. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the goods. The amount of revenue recognized is measured at the fair value of the consideration received or receivable, reduced for excise duty, returns, and other customer credits, such as trade discounts and volume rebates. Payment terms are consistent with terms standard to the markets the Company serves.

The following tables disaggregate the Company’s net revenues from continuing operations by major source.

 

 

For the Three Months Ended March 31,

 

Classification

 

March 31, 2026

 

 

March 31, 2025

 

Cannabis:

 

 

 

 

 

 

Canadian Branded (1)

 

$

23,848

 

 

$

22,761

 

Canadian Non-Branded

 

 

5,377

 

 

 

6,279

 

International Exports

 

 

14,581

 

 

 

5,388

 

U.S. Cannabis

 

 

3,133

 

 

 

3,904

 

Netherlands Branded

 

 

2,663

 

 

 

486

 

Other

 

 

142

 

 

 

409

 

Total Cannabis

 

 

49,744

 

 

 

39,227

 

Other

 

 

 

 

 

 

Produce

 

 

108

 

 

 

27

 

Clean Energy

 

 

386

 

 

 

426

 

Total Revenue

 

$

50,238

 

 

$

39,680

 
(1)
Canadian Branded revenues are shown net of excise tax on products. Excise tax on products was $15,903 and $13,947 for the three months ended March 31, 2026 and 2025, respectively.