| Schedule of Related Party Transactions |
The following table summarizes the Company’s transactions with related parties during the years ended December 31, 2025, 2024, and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended | Transaction | | | | | | December 31, 2025 | | December 31, 2024 | | December 31, 2023 | | | | | | | | | | | | Consulting fees(1) | | | | | | $ | 2,268 | | $ | 3,975 | | $ | 915 | Travel and reimbursement(2) | | | | | | 23 | | 28 | | 45 | Rent expense(3)(4) | | | | | | 715 | | 236 | | — | | Platform fees(5)(6) | | | | | | 388 | | 3,274 | | 2,069 | Senior Secured Notes - 2026(7) | | | | | | 454 | | 883 | | 886 | | | | | | | $ | 3,848 | | $ | 8,395 | | $ | 3,915 | | | | | | | | | | | | (1) Consulting fees relate to real estate management and general advisory services provided by (i) Frontline Real Estate Partners ("Frontline"), LLC, a company controlled by Mitchell Kahn, a former Board member, (ii) Measure 8 Venture Management, LLC (“Measure 8”), an investment company controlled by Boris Jordan, CEO, Chairman and control person of the Company (including funds managed by Measure 8), (iii) Architecture & Engineering Solutions, LLC, ("Architecture & Engineering Solutions") a company controlled by an immediate family member of Luke Flood, a senior vice president of the Company and (iv) PNP Construction LLC ("PNP Construction"), a company controlled by an immediate family member of Karim Bouaziz, a former senior vice president of the Company. There are on-going contractual commitments related to these transactions. Consulting fees incurred for the years ended December 31, 2025, 2024, and 2023, respectively, were (i) Frontline: $0.2 million, less than $0.1 million, and $0.4 million; (ii) Measure 8: less than $0.1 million, less than $0.1 million, and $0.4 million; (iii) Architecture & Engineering Solutions: $0.0 million, $0.2 million and $0.0 million and PNP Construction: $0.0 million, $3.8 million, and $0.0 million. | (2) Travel and reimbursement relate to payments made to various Board members for reimbursement of expenses incurred while performing their duties in that capacity. | (3) Rent expense relates to a lease between GR Companies, Inc. and FREP Elm Place II, LLC, a company owned in part by Mitchell Kahn, a Board member. There are on-going contractual commitments related to the lease arrangement. | (4) Rent expense relates to a lease between NGC and Ontario Ltd., a company in which Lisa McCormack, previously the CEO of NGC, served as a Director. There are on-going contractual commitments related to the lease arrangement. | (5) Leaf Trade and Sweed provide Curaleaf with their B2B platform for the Company’s wholesale operations in exchange for fees to use the platform. Measure 8 acquired a 6.19% stake in High Tech Holdings, Inc. (“High Tech Holdings”), the parent holding company of Leaf Trade and Sweed, and received a seat on the board of directors of High Tech Holdings. | (6) Platform fees for Fyllo. Mitchell Kahn, a former Board member, is also on Fyllo’s board of directors. | (7) During the years ended December 31, 2025 and 2024, Baldwin Holdings, LLC (“Baldwin Holdings”), in which Joseph F. Lusardi, the Company’s Executive Vice Chairman, owned a direct equity interest, held $10.0 million and $5.0 million, respectively, of the Company’s Senior Secured Notes - 2026 prior to their cancellation; and therefore, a portion of interest expense recognized by the Company under the Senior Secured Notes - 2026 was attributable to Baldwin Holdings. Baldwin Holdings did not participate in the Senior Notes - 2029 and its Senior Secured Notes - 2026 were fully extinguished upon repayment. |
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