Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment (Tables)

v3.26.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, net
Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which are as follows:

Asset Class
Estimated Useful Life
Greenhouse Facility
30 years
Production Equipment
5 to 15 years
Office Equipment
3 years
Leasehold Improvements
Shorter of lease term or useful life of asset
Property and equipment, net consisted of the following:

December 31,
2025
2024
(in thousands)
Machinery, equipment, and vehicles
$
119,440
$
115,373
Land
19,253
19,253
Buildings and leasehold improvements
262,058
258,864
Construction in progress
4,660
6,039
Less: Accumulated depreciation
(47,984)
(28,551)
Property and equipment, net
$
357,427
$
370,978