v3.26.3
Discontinued operations (Tables)
 9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations
There were no gains or losses recognized by the Company upon consummation of the disposition of its net assets held for sale during the three months ended September 30, 2026. The gains (losses) recognized by the Company upon consummation of the disposition of its net assets held for sale during the nine months ended September 30, 2026 were as follows:
Discontinued Operations
Hemp Business$151 
Total gains (losses) recognized by the Company upon consummation of the disposition of its net assets held for sale during the period three and nine months ended September 30, 2025 were as follows:
Held for Sale Entities
Three months ended September 30, 2025Nine months ended September 30, 2025
Illinois Assets$(508)$(508)
Rokshaw Limited ("Rokshaw")’s noncannabis operation (1)
— 1,029 
The changes in assets and liabilities held for sale as of September 30, 2026 and December 31, 2025 were as follows:
Assets held for saleDiscontinued OperationsHeld for Sale EntitiesTotal
Balance at December 31, 2024$15,653 $— $15,653 
Transferred (out) in, net(12,355)383 (11,972)
Balance at December 31, 20253,298 383 3,681 
Transferred (out) in, net112 (383)(271)
Balance at September 30, 2026$3,410 $— $3,410 
Liabilities associated with assets held for saleDiscontinued OperationsHeld for Sale EntitiesTotal
Balance at December 31, 2024$8,471 $434 $8,905 
Transferred out, net(1,398)(434)(1,832)
Balance at December 31, 20257,073 — 7,073 
Transferred out, net(5,228)— (5,228)
Balance at September 30, 2026$1,845 $— $1,845 
The following table summarizes the major classes of assets and liabilities of the Company's discontinued operations as of September 30, 2026 and December 31, 2025:
As of
September 30, 2026December 31, 2025
Assets
Prepaid expenses and other current assets$— $278 
Total current assets— 278 
Deferred tax asset(1)
2,802 3,020 
Total non-current assets2,802 3,020 
Total assets$2,802 $3,298 
Liabilities
Accrued expenses(2)
$1,845 $7,060 
Lease liabilities, operating - current— 13 
Total current liabilities$1,845 $7,073 
Total liabilities$1,845 $7,073 
(1) Deferred tax asset is primarily a result of the formal dissolution of certain legal entities classified as discontinued operations.
(2) Consists primarily of accrued litigation contingencies. See Note 26 — Commitments and contingencies for additional information.
The following table presents the Company's condensed consolidated results for its discontinued operations for the three and nine months ended September 30, 2026 and 2025:
Three months ended September 30, Nine months ended September 30,
2026202520262025
Total revenues, net$(1)$2,388 $1,403 $9,704 
Cost of goods sold69 3,224 1,085 11,463 
Gross (loss) profit(70)(836)318 (1,759)
Total operating (income) expense414 2,188 864 6,655 
Loss from operations(484)(3,024)(546)(8,414)
Total other income, net5,000 5 4,827 1,038 
Income (loss) before provision for income taxes4,516 (3,019)4,281 (7,376)
(Provision) benefit for income taxes(1)
127 585 100 (10,745)
Net income (loss) from discontinued operations$4,643 $(2,434)$4,381 $(18,121)
(1) Provision for income taxes is primarily a result of the formal dissolution of certain legal entities classified as discontinued operations.