OPERATING SEGMENT

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

OPERATING SEGMENT

OPERATING SEGMENT

Segment information

The Company has determined that it operates in a single operating and reportable segment, which is the production and sale of hemp-based CBD wellness products, which makes up substantially all of the revenue at this time. This is consistent with how the chief operating decision maker (the "CODM") allocates resources and assesses performance. The Company’s CODM is the executive operations committee that includes the chief executive officer, the chief financial officer, the chief operations officer and the chief people officer. The majority of Company’s products have similar characteristics due to the same raw material ingredient (CBD and derivatives), similar nature of cultivation process, the type of customer and the regulatory nature of the industry.

The CODM assesses performance for this segment and decides how to allocate resources based on pre-tax net income/(loss) that is reported on the condensed consolidated statement of operations. The measure of segment assets is reported on the condensed consolidated balance sheets as total assets. For the three months ended March 31, 2026 and 2025, the segment's revenues and pre-tax net loss were $11,159 and $12,262; and $13,115 and $6,212, respectively. There are no differences between segment revenues, pre-tax net income/(loss) and the Company's consolidated revenues and pre-tax net income/(loss).

General Information

Factors used to Identify Reportable Segments: The Company operates as a single reportable segment, focusing primarily on the production and sale of hemp-based CBD wellness products.

Products and Services: The Company's revenue is primarily derived from the production and sale of hemp-based CBD wellness products.

Chief Operating Decision Maker (CODM): The Company's Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, and Chief People Officer.

Measure of Segment Profit or Loss and Total Assets: The CODM evaluates performance and allocates resources based on pre-tax net income/(loss), as presented in the accompanying financial statements. The measure of segment assets is reported on the balance sheet as total consolidated assets.

Significant Segment Expenses

The following significant expenses are regularly reviewed by the CODM for the three months ended March 31, 2026 and 2025: Cost of goods sold $5,955 and $6,032, respectively; Selling, general, and administrative expenses $9,528 and $11,578, respectively; Change in fair value of financial instruments $(8,868) and $(126), respectively; and Depreciation and Amortization $1,678 and $2,449, respectively.

Reconciliation to Consolidated Financial Statements

As the Company operates as a single reportable segment, the amounts presented above align directly with the consolidated totals in the financial statements.

	For the Three Months Ended March 31,
	2026			2025
Product Revenue	$	11,084		$	12,187
Service Revenue	75			75
Total Revenue	$	11,159		$	12,262
Cost of goods sold	5,955			6,032
Gross profit	$	5,204		$	6,230
Gross profit %	46.6		%	50.8		%
Selling, general, and administrative expenses	9,528			11,578
Operating loss	$	(4,324)		$	(5,348)
Change in fair value of financial instruments	(8,868)			(126)
Other income (expense), net	77			(738)
Loss before provision for income taxes	$	(13,115)		$	(6,212)
Other segment information
Depreciation/Amortization	1,678			2,449
Total assets	70,687			108,023
Long-term liabilities	77,628			68,473