Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.23.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment
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
10 to 15 years
Office Equipment
3 years
Leasehold Improvements Shorter of lease term or useful life of asset
Property and equipment consisted of the following:

December 31,
2022 2021
(in thousands)
Machinery, equipment, and vehicles $ 32,774 $ 3,683
Land 19,296 4,122
Buildings and leasehold improvements 55,392 14,141
Construction-in-progress 56,753 16,375
Less: Accumulated depreciation (6,371) (971)
Property and equipment, net $ 157,844 $ 37,350