v3.26.1
Inventory, net
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventory, net Inventory, net
Inventory, net is comprised of the following items:
As of June 30, 2026December 31, 2025
Raw materials$12,208 $8,762 
Work-in-progress25,108 25,830 
Finished goods15,306 12,012 
Supplies and consumables79 146 
Total$52,701 $46,750 
As a result of the transaction by which we obtained majority control of Cronos Growing Company Inc.’s (“Cronos GrowCo”) board of directors (the “Cronos GrowCo Transaction”), the Company recorded a step-up to Cronos GrowCo’s existing inventory of $5,605 to bring the inventory balance acquired by the Company to its fair value. For the three and six months ended June 30, 2025, the Company recognized nil and $517, respectively, of this inventory step-up into cost of sales on the condensed consolidated statements of net income (loss) and comprehensive income (loss). No inventory step-up was recognized in cost of sales during 2026. As of both June 30, 2026 and December 31, 2025, none of the inventory step-up was remaining in the Company’s inventory on the condensed consolidated balance sheets.