v3.26.1
10-K Notes payable - Narrative - Senior Secured Notes – 2029 (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Feb. 18, 2026
USD ($)
Dec. 31, 2021
USD ($)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
 [3]
Dec. 15, 2021
Notes payable                
Exchanged portion of Senior Secured Notes - 2026 for Senior Secured Notes - 2029 [1],[2]     $ 142,202 $ 0        
Unamortized deferred financing costs and debt discounts     8,239   $ 6,071 $ 10,783    
Payments of debt issuance costs     7,009 950 950 456 $ 0  
(Loss) gain on extinguishment of debt     4,289 $ (1,487) $ (1,685) $ (257) $ (2,065)  
Senior Secured Notes – 2029                
Notes payable                
Gross proceeds $ 500,000              
Repayments of debt 314,600              
Payment of accrued interest 6,500              
Exchanged portion of Senior Secured Notes - 2026 for Senior Secured Notes - 2029 $ 142,200              
Fixed charge coverage ratio 2.5              
Consolidated debt to consolidated EBITDA ratio 4              
Debt secured $ 100,000              
Consolidated secured debt to consolidated EBITDA ratio 3              
Extinguishment of debt, amount $ 78,800              
Unamortized deferred financing costs and debt discounts 1,800              
Deferred financing cost, written off 2,900              
Debt issuance costs net 8,100              
Payments of debt issuance costs 1,500              
Debt issuance costs, gross 6,600              
(Loss) gain on extinguishment of debt $ 4,500              
Interest rate 100.00%              
Senior Secured Notes – 2029 | Related Party                
Notes payable                
Amounts of transaction     $ 1,000          
Senior Secured Notes – 2026                
Notes payable                
Gross proceeds   $ 475,000            
Repayments of debt $ 314,600              
Exchanged portion of Senior Secured Notes - 2026 for Senior Secured Notes - 2029 142,200              
Fixed charge coverage ratio               2.5
Consolidated debt to consolidated EBITDA ratio               4
Consolidated secured debt to consolidated EBITDA ratio               3
Unamortized deferred financing costs and debt discounts $ 4,700              
[1]
(1) The remaining outstanding balance of the Senior Secured Notes – 2026* of $142.2 million was exchanged on a non-cash basis for Senior Secured Notes – 2029*.
[2]
*as defined herein
[3]
(1) Amounts reported in the Company’s Annual Financial Statements for the years ended December 31, 2023 have been recast to reflect reclassification of Missouri and Hemp-derived THC operations as discontinued operations.