XML 29 R10.htm IDEA: XBRL DOCUMENT
v3.25.0.1

PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
--- | ---
Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT |
4. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment and related accumulated depreciation consists of the following at December 31, 2024 and December 31, 2023:
|  | As of December 31,
|  | 2024 |  | 2023
Land |  | $ | 29,032 |  |  | $ | 30,934 |
Buildings and Improvements |  | 173,432 |  |  | 194,274 |
Furniture and Fixtures |  | 21,326 |  |  | 19,884 |
Computer Equipment and Software |  | 28,525 |  |  | 25,861 |
Leasehold Improvements |  | 268,836 |  |  | 230,877 |
Tools and Equipment |  | 98,133 |  |  | 90,386 |
Vehicles |  | 4,341 |  |  | 4,373 |
Assets Under Construction (1) |  | 96,981 |  |  | 39,844 |
Total Property, Plant and Equipment, Gross |  | 720,606 |  |  | 636,433 |
Less: Accumulated Depreciation |  | (182,642) |  |  | (135,129) |
Property, Plant and Equipment, Net |  | $ | 537,964 |  |  | $ | 501,304 |
(1)Assets under construction represent construction in progress related to facilities not yet completed or otherwise not placed in service. A reconciliation of the beginning and ending balances of property, plant and equipment is as follows:
|  | Property, Plant and Equipment, Gross |  | Accumulated Depreciation |  | Property, Plant and Equipment, Net
Balance as of January 1, 2023 |  | $ | 614,447 |  |  | $ | (88,542) |  |  | $ | 525,905 |
Additions |  | 35,815 |  |  | — |  |  | 35,815 |
Disposals and other |  | (4,260) |  |  | 2,093 |  |  | (2,167) |
Impairment |  | (9,569) |  |  | 996 |  |  | (8,573) |
Depreciation |  | — |  |  | (49,676) |  |  | (49,676) |
Balance as of December 31, 2023 |  | $ | 636,433 |  |  | $ | (135,129) |  |  | $ | 501,304 |
Additions |  | 118,364 |  |  | — |  |  | 118,364 |
Property, plant and equipment from business combination |  | 26,308 |  |  | — |  |  | 26,308 |
Disposals and other |  | (47,746) |  |  | 4,571 |  |  | (43,175) |
Impairment |  | (12,753) |  |  | 2,227 |  |  | (10,526) |
Depreciation |  | — |  |  | (54,311) |  |  | (54,311) |
Balance as of December 31, 2024 |  | $ | 720,606 |  |  | $ | (182,642) |  |  | $ | 537,964 |
For the years ended December 31, 2024 and December 31, 2023, depreciation expense included in costs of goods sold totaled $36,869 and $33,866, respectively. For the years ended December 31, 2024 and December 31, 2023, depreciation expense included in selling, general, and administrative expense totaled $17,442 and $15,810, respectively. During the year ended December 31, 2024, the Company recorded a fixed asset impairment charge of $10,526 associated with an Arizona cultivation facility. During the year ended December 31, 2023, the Company recorded a fixed asset impairment charge of $8,573 associated with its Massachusetts cultivation facility.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration