Related Parties

3 Months Ended

Mar. 31, 2025

Related Parties [Abstract]

Related Parties

Note 17 — Related Parties

Some of the current and former officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available.

The following table describes the net activity with entities identified as related parties to the Company:

	Three months ended March 31,
(In thousands)	2025		2024
Green Thumb	$	1,556	$	—

The net activity of $1.6 million during the three months ended March 31, 2025 consists of $1.4 million of support services performed by Green Thumb on behalf of the Company, which is comprised of $1.0 million in salary charges and $0.4 million in non-salary charges, and $250 thousand interest charges, offset by $80 thousand of equipment sales and beverage sales from the Company to Green Thumb.

The following table summarizes the net related party payable as of March 31, 2025 and December 31, 2024:

	March 31,		December 31,
(In thousands)	2025		2024
Green Thumb	$	12,056	$	10,487

The net related party payable of $12.1 million as of March 31, 2025, consists of $1.7 million service charge payable, $10.0 million convertible notes payable, $0.4 million accrued interest payable, offset by $80 thousand receivable from equipment sales and beverage sales.

Green Thumb Convertible Note

On November 5, 2024, the Company issued the Green Thumb Note to Investor. For further discussion on the note, refer to Note 9 of this Quarterly Report.