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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | 8. LEASES The Company’s operating leases consist of a parcel of land in Marfa, Texas that two of its greenhouses resides on, a parcel of land in Monahans, Texas that one of its greenhouses resides on, two distribution centers located in Fort Worth, Texas and Surrey, British Columbia, and production-related equipment at its greenhouses in Texas and British Columbia. The Company also leases an office building located in Lake Mary, Florida for its corporate headquarters, and office and manufacturing spaces in Denver, Colorado for Balanced Health’s headquarters and operations. Rose leases a building for headquarters in Montreal, Quebec. The components of lease related expenses are as follows:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Operating lease expense (a) |  | $ | 4,468 |  |  | $ | 4,879 |
(a) Includes short-term and variable lease costs of $2,066 and $1,986 for the years ended December 31, 2024 and 2023, respectively. Cash paid for amounts included in the measurement of lease liabilities:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows (fixed payments) |  | $ | 3,034 |  |  | $ | 2,704 |
Operating cash flows (liability reduction) |  | $ | 2,475 |  |  | $ | 1,893 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 117 |  |  | $ | 5,578 |
Other information related to operating leases was as follows:
|  | December 31, 2024 |
Weighted average remaining lease term: |  |  |
Operating leases |  |  | 4.52 |
Weighted average discount rate: |  |  |
Operating leases |  |  | 7.87 | %
Maturities of lease liabilities as of December 31, 2024 were as follows:
|  | Operating leases |
2025 |  | $ | 3,208 |
2026 |  |  | 3,255 |
2027 |  |  | 2,643 |
2028 |  |  | 2,184 |
2029 |  |  | 1,409 |
Thereafter |  |  | 271 |
Total minimum lease payments |  |  | 12,970 |
Less amounts representing interest |  |  | (1,900 | )
Total lease obligation, net of interest |  |  | 11,070 |
Less current portion |  |  | (2,497 | )
Long-term portion of lease obligations, net of interest |  | $ | 8,573 |

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