Stockholders' Equity |
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| Stockholders' Equity | 13. Stockholders’ Equity Shares The Company’s certificate of incorporation authorized the Company to issue the following classes of shares with the following par value and voting rights as of June 30, 2026. The liquidation and dividend rights are identical among shares equally in the Company’s earnings and losses on an as converted basis.
On June 1, 2026, the Board approved a share consolidation ratio of 30-for-1, effective at market open on June 5, 2026. Accordingly, all share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the Share Consolidation for all periods presented. As the Company's common shares have no par value, the Share Consolidation had no impact on the Company's total stockholders' equity or on the classification of amounts within stockholders' equity. Subordinate Voting Shares Holders of subordinate voting shares are entitled to one vote in respect of each subordinate voting share held. Multiple Voting Shares Holders of multiple voting shares are entitled to votes for each multiple voting share held. Multiple voting shares each have the restricted right to convert to subordinate voting shares subject to adjustments for certain customary corporate changes. Shares Issued During the six months ended June 30, 2026, 23 multiple voting shares were converted into 2,340 subordinate voting shares for no additional consideration. During the six months ended June 30, 2026, 7,100,000 subordinate voting shares were issued in connection with the Hawthorne Acquisition. See Note 3 “Business Combinations and Dispositions” for additional information. During the six months ended June 30, 2026, 3,012,653 subordinate voting shares were issued in connection with the Eaze Merger. See Note 3 “Business Combinations and Dispositions” for additional information. During the six months ended June 30, 2025, 8,373,668 subordinate voting shares were issued in connection with the Deep Roots Merger. See Note 3 “Business Combinations and Dispositions” for additional information. During the six months ended June 30, 2025, 4,474,333 subordinate voting shares were issued in connection with the Wholesome Merger. See Note 3 “Business Combinations and Dispositions” for additional information. During the six months ended June 30, 2025, 6,540,409 subordinate voting shares were issued in connection with the Proper Mergers. See Note 3 “Business Combinations and Dispositions” for additional information. During the six months ended June 30, 2025, 858 multiple voting shares were converted into 85,797 subordinate voting shares for no additional consideration. |