v3.26.1
10-Q Inventories
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories, net
Inventories, net consist of the following as of December 31, 2025 and 2024:
As of December 31,
2025
2024
Raw materials:
Cannabis
$
38,885 
$
43,554 
Non-Cannabis
20,029 
15,443 
Total raw materials
58,914 
58,997 
Work-in-process
67,996 
59,995 
Finished goods
98,112 
97,945 
Inventories, net
$
225,022 
$
216,937 
As of December 31, 2025 and 2024, the Company’s inventory reserve, which is recognized within Inventories, net on the Consolidated Balance Sheets, was as follows:
As of December 31,
2025
2024
Inventory reserve
$
(10,223)
$
(11,775)
For the years ended December 31, 2025, 2024 and 2023, inventory write-downs recognized within Cost of goods sold on the Consolidated Statements of Operations totaled:
Years Ended December 31,
2025
2024
2023
Inventory write-downs
$
(1,932)
$
(4,174)
$
(13,262)