Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.24.1
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
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,
2023 2022
(in thousands)
Machinery, equipment, and vehicles $ 44,169 $ 32,774
Land 19,253 19,296
Buildings and leasehold improvements 66,754 55,392
Construction-in-progress 196,324 56,753
Less: Accumulated depreciation (13,334) (6,371)
Property and equipment, net $ 313,166 $ 157,844