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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Controlled Entities |
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
Property, Plant and Equipment | The Company’s estimated depreciable lives of operating assets and facilities are as follows:
Land | Not Applicable
Building | 30 years
Construction in Progress | Not Applicable
Leasehold Improvements | Shorter of: remaining lease term or
10 years
Tools & Equipment | 7 years
Kitchen & Lab Equipment | 7 years
Other Machinery & Equipment | 7 years
Furniture & Fixtures | 7 years
Electronic & Security Equipment | 5 years
Vehicles | 7 years
Land Improvements | 15 years
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 |
Schedule of Finite-Lived Intangible Assets | Amortization periods by class of intangible assets with finite lives were as follows as of December 31, 2024:
Licenses | 9-15 years
Tradenames | 5-10 years
Technology | 5-10 years
As of December 31, 2024 and December 31, 2023, intangible assets consisted of the following:
|  | Licenses |  | Tradenames |  | Technology |  | Total
Cost |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | $ | 1,269,326 |  |  | $ | 54,166 |  |  | $ | 6,431 |  |  | $ | 1,329,923 |
Additions from business combination |  | 29,900 |  |  | — |  |  | — |  |  | 29,900 |
Adjustments to purchase price allocation |  | 3,100 |  |  | — |  |  | — |  |  | 3,100 |
Impairment |  | (379,968) |  |  | (9,058) |  |  | (885) |  |  | (389,911) |
Balance as of December 31, 2024 |  | $ | 922,358 |  |  | $ | 45,108 |  |  | $ | 5,546 |  |  | $ | 973,012 |
Accumulated Amortization |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | 225,751 |  |  | 15,001 |  |  | 3,025 |  |  | 243,777 |
Amortization |  | 79,107 |  |  | 5,194 |  |  | 1,006 |  |  | 85,307 |
Impairment |  | (86,280) |  |  | (3,337) |  |  | (460) |  |  | (90,077) |
Balance as of December 31, 2024 |  | $ | 218,578 |  |  | $ | 16,858 |  |  | $ | 3,571 |  |  | $ | 239,007 |
Net Book Value |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | 1,043,575 |  |  | 39,165 |  |  | 3,406 |  |  | 1,086,146 |
Balance as of December 31, 2024 |  | $ | 703,780 |  |  | $ | 28,250 |  |  | $ | 1,975 |  |  | $ | 734,005 |
|  | Licenses |  | Tradenames |  | Technology |  | Total
Cost |  |  |  |  |  |  |  |
Balance as of January 1, 2023 |  | $ | 1,274,981 |  |  | $ | 54,166 |  |  | $ | 6,431 |  |  | $ | 1,335,578 |
Impairment |  | (7,605) |  |  | — |  |  | — |  |  | (7,605) |
Other Additions(1) |  | 1,950 |  |  | — |  |  | — |  |  | 1,950 |
Balance as of December 31, 2023 |  | $ | 1,269,326 |  |  | $ | 54,166 |  |  | $ | 6,431 |  |  | $ | 1,329,923 |
Accumulated Amortization |  |  |  |  |  |  |  |
Balance as of January 1, 2023 |  | 143,246 |  |  | 9,579 |  |  | 1,987 |  |  | 154,812 |
Amortization |  | 84,997 |  |  | 5,422 |  |  | 1,038 |  |  | 91,457 |
Impairment |  | $ | (2,492) |  |  | $ | — |  |  | $ | — |  |  | $ | (2,492) |
Balance as of December 31, 2023 |  | $ | 225,751 |  |  | $ | 15,001 |  |  | $ | 3,025 |  |  | $ | 243,777 |
Net Book Value |  |  |  |  |  |  |  |
Balance as of January 1, 2023 |  | 1,131,735 |  |  | 44,587 |  |  | 4,444 |  |  | 1,180,766 |
Balance as of December 31, 2023 |  | $ | 1,043,575 |  |  | $ | 39,165 |  |  | $ | 3,406 |  |  | $ | 1,086,146 |
(1) The Company obtained a license following regulatory approval where payment consideration occurred in prior periods.

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