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| Related Party Transactions | Note 19. Related Party Transactions In February 2024, the Company sold and issued the 2029 Convertible Notes (see Note 10) to Westrock Group, LLC (an affiliate of Scott Ford, the Company’s Chief Executive Officer and a member of the board of directors of the Company, “Westrock Group”), Wooster Capital, LLC (an affiliate of Joe Ford, chairman of the board of directors), A. Wellford Tabor, a member of the board of directors of the Company, and HF Direct Investments Pool, LLC (a holder of more than 10% of the outstanding Common Shares), each a related party. In November 2025, the Company sold and issued the 2031 Convertible Notes (see Note 10) to HF Direct Investments Pool, LLC (a holder of more than 10% of the outstanding Common Shares), Jeffrey H. Fox Revocable Trust (an affiliate of Jeffrey H. Fox, a member of the board of directors of the Company), and A. Wellford Tabor, a member of the board of directors of the Company, each a related party. The Condensed Consolidated Financial Statements reflect the following transactions with related parties:
In addition, the Company reimburses Westrock Group for the usage of a corporate aircraft, and its portion of shared administrative expenses. For the three and six months ended June 30, 2026, the Company recognized expenses of $0.4 million and $0.5 million, respectively, for such items, which are recorded in selling, general and administrative expenses in our Condensed Consolidated Statements of Operations. For the three and six months ended June 30, 2025, the Company recognized expenses of $0.2 million and $0.2 million, respectively, for such items. At June 30, 2026 and December 31, 2025, we had $0.1 million payable and $0.1 million payable to Westrock Group, respectively, related to such items. During the three and six months ended June 30, 2026, Falcon purchased $0.1 million and $9.4 million of green coffee from the Rwandan JV, in which the Company has a 49.9% interest. For the three and six months ended June 30, 2025, Falcon purchased $0.3 million of green coffee from the Rwandan JV. At June 30, 2026 and December 31, 2025, the Condensed Consolidated Balance Sheet included $1.2 million and $4.8 million in inventory that was purchased from the Rwandan JV, respectively. At June 30, 2026 and December 31, 2025, Falcon had $0.3 million and $1.2 million payable to the Rwandan JV, respectively. |
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