v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss   $ (20.4) $ (21.4)
Adjustments to reconcile net loss to net cash used in operating activities:      
Non-cash amortization of inventory step up included in product costs $ 2.7 3.0 4.2
Inventory valuation adjustments 0.4 0.6 0.2
Depreciation 1.7 2.8 0.5
Depreciation capitalized into inventory   7.1 1.4
Non-cash operating lease expense   5.2 0.5
Amortization of intangible assets   7.1 0.9
Stock-based compensation   14.5 5.5
(Gain) loss on warrants held   0.3 1.0
Deferred income tax expense (benefit) (5.7) (7.9)  
Derivative (gain) loss (0.1) (0.2)  
Bargain purchase gain (21.7) (21.7)  
Interest expense   2.7 2.5
Bad debt expense   0.4 0.1
Accretion of interest on right-of-use finance lease liabilities     0.1
(Gain) loss on change in the fair value of contingent consideration (2.9) 2.6  
Loss (gain) on disposal of assets   0.6  
Change in operating assets and liabilities, net of acquisitions:      
Accounts receivable   (14.1) (2.3)
Prepaid expenses   4.2 0.3
Inventory   (7.6) 1.2
Purchase of marketable securities     (1.0)
Income taxes   2.3 (1.5)
Uncertain tax position liabilities   29.8 5.4
Accounts payable and accrued liabilities   8.0 (0.3)
Changes in operating lease liabilities   (5.0) (0.8)
Change in assets and liabilities held for sale     (4.7)
Net cash provided by (used in) operating activities   14.3 (8.2)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant, and equipment   (119.0) (4.8)
Acquisition, net of cash paid   62.0 38.3
Investment in equity method investee   (4.9)  
Capitalized software development costs   (0.6) (0.3)
Deposits   0.8 (0.3)
Net cash provided by (used in) investing activities   (61.7) 32.9
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt, net of issuance costs   87.1 (0.3)
Proceeds from option exercises     0.1
Debt principal payments   (39.4) (10.0)
Lease principal payments   (0.1)  
Net cash provided by (used in) financing activities   47.6 (10.2)
Net change in cash   0.2 14.5
Cash and restricted cash, beginning of period   122.5 91.6
Cash and restricted cash, end of period 122.7 122.7 106.1
Vireo Health of Rocky Mountain      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash paid   18.2  
Eaze      
Adjustments to reconcile net loss to net cash used in operating activities:      
(Gain) loss on change in the fair value of contingent consideration 1.2 1.2  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash paid   6.9  
Hawthorne      
Adjustments to reconcile net loss to net cash used in operating activities:      
Bargain purchase gain (21.7) (21.7)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash paid   35.0  
Bridgewell      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash paid   1.9  
Wholesome      
Adjustments to reconcile net loss to net cash used in operating activities:      
(Gain) loss on change in the fair value of contingent consideration (7.4) (6.4)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash paid     7.0
Deep Roots      
Adjustments to reconcile net loss to net cash used in operating activities:      
(Gain) loss on change in the fair value of contingent consideration 5.5 2.3  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash paid     19.0
Proper      
Adjustments to reconcile net loss to net cash used in operating activities:      
(Gain) loss on change in the fair value of contingent consideration $ 3.7 $ 0.4  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash paid     $ 12.3