v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Statement of Cash Flows [Abstract]    
Net loss $ (34,177,639) $ (31,736,344)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on sale of property and equipment 55,957
Equity issued for interest on debt 291,680
Equity based compensation 2,918,786 13,024,382
Equity issued for services 653,000 277,900
Noncash interest and debt discount 876,482 2,829,506
Noncash lease expense 849,264 184,741
Depreciation and amortization 4,776,523 2,749,776
Noncash donation of EIGHT Brewing investment 1,999,999
Changes in operating assets and liabilities:    
Inventories (116,394) 31,166
Prepaid expenses and other current assets (861,302) (391,189)
Security and other deposits 40,224 (25,250)
Accounts payable 34,505,866 (2,781,721)
Accrued expenses (21,528,291) 3,235,134
Accrued payroll and payroll taxes (211,043) (105,678)
Deferred revenue 434,892 360,730
Operating lease liabilities (706,925) (185,469)
Licensing liability 1,089,149 756,389
Net cash used in operating activities (9,401,452) (11,484,247)
Cash flows from investing activities    
Purchase of property and equipment (132,875,433) (37,211,382)
Investment in EIGHT Brewing (1,999,999)
Investment in related parties (5,262)
Net cash used in investing activities (132,875,433) (39,216,643)
Cash flows from financing activities    
Receipt of convertible promissory note 18,000,000
Proceeds from NNN firesuite liability, including $542,646 principal payments from NNN firesuite promissory notes receivable 19,467,646 (0)
Proceeds from lease financing liability - related party 21,951,844
Proceeds from issuance of Contingently Redeemable Convertible Cumulative Series B Preferred Stock 4,995,000 10,125,000
Proceeds from issuance of common stock, net of $7,395,725 issuance costs 68,531,119
Proceeds from issuance of common warrants and pre-funded warrants 21,796,023
Proceeds from Subsidiary issuance of shares, net of Venu purchase of Subsidiary shares (3,452,060) 24,454,237
Repurchase of treasury stock (10,000,000)
Principal payments on promissory note (4,500,000) (2,000,000)
Principal payments on long-term debt (332,142) (164,038)
Principal payments on lease financing liability - related party (10,799)
Distributions to non-controlling shareholders (1,192,454) (251,785)
Net cash provided by financing activities 117,254,177 50,163,414
Net decrease in cash and cash equivalents (25,022,708) (537,476)
Cash and cash equivalents, beginning 41,306,358 37,969,454
Cash and cash equivalents, ending 16,283,650 37,431,978
Supplemental cash flow information:    
Cash paid for interest 856,948 230,467
Cash paid for income taxes
Supplemental non-cash investing and financing activities:    
Property acquired via promissory note 12,215,475 25,000,000
Real property sold in exchange for note receivable - related party 19,880,000
Lease financing liability from real property lease - related party 41,376,869
Accrued preferred stock dividends 300,750 16,875
Debt discounts - warrants 1,486,329
Conversion of convertible debt and interest to common equity $ 25,000,000