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Revenues
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues

3. REVENUES

The Company’s produce and cannabis revenue transactions consist of a single performance obligation to transfer promised goods at a fixed price. Quantities to be delivered to the customer are determined at a point near the date of delivery through purchase orders received from the customer. The Company recognizes revenue when it has fulfilled a performance obligation, which is typically when the customer receives the goods. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the goods. The amount of revenue recognized is measured at the fair value of the consideration received or receivable, reduced for excise duty, returns, and other customer credits, such as trade discounts and volume rebates. Payment terms are consistent with terms standard to the markets the Company serves.

The following tables disaggregate the Company’s net revenues from continuing operations by major source.

 

 

For the Three Months Ended September 30,

 

Classification

 

September 30, 2025

 

 

September 30, 2024

 

Cannabis:

 

 

 

 

 

 

Branded (1)

 

$

26,846

 

 

$

27,277

 

Non-Branded

 

 

7,344

 

 

 

7,402

 

International

 

 

11,858

 

 

 

1,360

 

U.S. Cannabis

 

 

3,337

 

 

 

3,943

 

Netherlands Cannabis

 

 

3,587

 

 

 

—

 

Other

 

 

535

 

 

 

424

 

Produce

 

 

12,841

 

 

 

14,340

 

Clean Energy

 

 

393

 

 

 

192

 

Total Revenue

 

$

66,741

 

 

$

54,938

 

 

 

 

For the Nine Months Ended September 30,

 

Classification

 

September 30, 2025

 

 

September 30, 2024

 

Cannabis:

 

 

 

 

 

 

Branded (1)

 

$

74,554

 

 

$

86,832

 

Non-Branded

 

 

20,715

 

 

 

22,147

 

International

 

 

29,226

 

 

 

4,355

 

U.S. Cannabis

 

 

11,082

 

 

 

12,777

 

Netherlands Cannabis

 

 

6,556

 

 

 

—

 

Other

 

 

1,443

 

 

 

1,320

 

Produce

 

 

21,442

 

 

 

22,778

 

Clean Energy

 

 

1,302

 

 

 

313

 

Total Revenue

 

$

166,320

 

 

$

150,522

 
(1)
Branded revenues are shown net of excise tax on products. Excise tax on products was $15,712 and $17,674 for the three months ended September 30, 2025 and 2024, respectively and $44,476 and $57,193 for the nine months ended September 30, 2025 and 2024, respectively.