Related Party Transactions |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions | Related Party Transactions (a)Vendor Agreement In November 2022, the Company entered into an agreement with an external vendor whereby the vendor would provide certain manufacturing services to the Company. The vendor then subcontracted out a portion of those services to another company whose chief executive officer is an immediate family member of an executive of the Company. In November 2023, the Company negotiated a direct contract with the related-party vendor. In April 2026, this vendor restructured its management team and, as a result, the vendor no longer met the definition of a related party to the Company as of June 30, 2026.
The Company had outstanding accounts payable related to the agreement of $208 as of December 31, 2025. (b)Consulting Agreement In connection with the Cronos GrowCo Transaction, Cronos GrowCo entered into a consulting services agreement with a consulting firm managed by a member of the group of investors holding the remaining 50% ownership of Cronos GrowCo, pursuant to which the consulting firm provides management services to Cronos GrowCo. During the three and six months ended June 30, 2026, respectively, the Company incurred $434 and $871 of expense under this agreement. During the three and six months ended June 30, 2025, respectively, the Company incurred $362 and $571 of expense under this agreement. As of both June 30, 2026 and December 31, 2025, the Company had no outstanding payables related to this agreement. (c)Dividend to Non-controlling Interest On June 30, 2026, Cronos GrowCo made a dividend payment of $3,698 to its non-controlling shareholder. The dividend was funded from excess operating cash flows and is presented in the financing section of the condensed consolidated statement of cash flows. On June 30, 2025, Cronos GrowCo made a dividend payment of $3,858 to its non-controlling shareholders. The dividend was funded from excess operating cash flows and is presented in the financing section of the condensed consolidated statement of cash flows.
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