0001695295-26-000010 | 10-K | XBRL Viewer | Hydrofarm Holdings Group INC

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STOCKHOLDERS’ EQUITY (Details)	Dec. 31, 2025 vote shares	Dec. 31, 2024 shares
Class of Warrant or Right [Line Items]
Common stock, shares outstanding (in shares)	4,667,004	4,614,279
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common Stock
Class of Warrant or Right [Line Items]
Votes per share of stock \| vote	1

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Property, Plant and Equipment (Details)	Dec. 31, 2025
Building and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives	10 years
Building and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives	40 years
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives	15 years
Computer equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Computer equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives	4 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful lives	5 years

DESCRIPTION OF THE BUSINESS	12 Months Ended
DESCRIPTION OF THE BUSINESS	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS	DESCRIPTION OF THE BUSINESS Description of the business Hydrofarm Holdings Group, Inc. (collectively with its subsidiaries, the "Company") was formed in May 2017 under the laws of the state of Delaware to acquire and continue the business originally founded in 1977. The Company is a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), including grow lights, climate control solutions, grow media and nutrients, as well as a broad portfolio of innovative, proprietary branded products. Products offered include agricultural lighting devices, indoor climate control equipment, nutrients, and plant additives used to grow, farm and cultivate cannabis, flowers, fruits, plants, vegetables, grains and herbs in controlled environment settings that allow end users to control key farming variables including temperature, humidity, CO2, light intensity and color, nutrient concentration and pH. Subsequent Events Term Loan The Company and its Board of Directors are exploring strategic alternatives to strengthen the Company’s liquidity and capital structure. In connection with such process, the Company and its financial advisors have engaged in ongoing discussions with the lenders under the Term Loan. While these discussions have continued, on February 4, 2026, the Company elected to defer making the interest payment of approximately $2.8 million on the Term Loan. As a result of the Company’s failure to pay the interest within the grace period, an event of default occurred with respect to the Term Loan. On February 11, 2026, the lenders, through the administrative agent, notified the Company of such event of default and informed the Company that the administrative agent or the collateral agent may exercise any rights and remedies provided under the Credit and Guaranty Agreement and related financing documents, but it did not seek to enforce such remedies as of such time. As a result of the event of default, the Term Loan was reclassified to current portion of long-term debt from long-term debt and interest began accruing at a rate that is 2% per annum in excess of the interest rate otherwise payable. On February 10, 2026, JPMorgan issued a notice to the Company and Lenders of its resignation as Administrative Agent and Collateral Agent under the Credit and Guaranty Agreement. Such resignation became effective on March 12, 2026, when FEAC Agent, LLC was appointed as the successor agent for the Lenders in accordance with Section 9 of the Credit and Guaranty Agreement. Revolving Credit Facility On February 17, 2026, the Company entered into the Termination Agreement to terminate the Revolving Credit Agreement. Pursuant to the terms of the Termination Agreement, the parties agreed to terminate the Revolving Credit Agreement subject to the survival of each of the provisions of the Revolving Credit Agreement and Loan Documents (as defined in the Revolving Credit Agreement) and in the certificates delivered in connection with or pursuant to the Revolving Credit Agreement that survive termination of the Revolving Credit Agreement.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Operating activities
Net loss	$ (289,790)	$ (66,717)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and amortization	23,142	30,691
Provision for credit losses	838	314
Provision for inventory obsolescence	1,398	2,002
Restructuring expenses	4,386	806
Impairments	232,179	0
Stock-based compensation expense	1,179	2,385
Non-cash operating lease expense	7,933	8,248
Non-cash loss from asset disposition	0	11,103
Other	126	1,118
Changes in assets and liabilities:
Accounts receivable	5,711	1,616
Inventories	12,121	14,415
Prepaid expenses and other current assets	120	1,568
Other assets	(90)	(55)
Accounts payable	(2,661)	56
Accrued expenses and other current liabilities	(3,043)	1,648
Deferred revenue	117	(601)
Lease liabilities	(7,784)	(8,932)
Other long-term liabilities	59	11
Net cash used in operating activities	(14,059)	(324)
Investing activities
Capital expenditures of property, plant and equipment	(1,024)	(2,892)
Proceeds from sale of property, plant and equipment	183	861
Cash proceeds from IGE Asset Sale for property, plant and equipment	0	3,700
Net cash (used in) from investing activities	(841)	1,669
Financing activities
Payment of withholding tax related to stock awards	(46)	(142)
Borrowings under foreign revolving credit facilities	351	378
Repayments of foreign revolving credit facilities	(371)	(453)
Repayments of Term Loan	(4,909)	(3,197)
Finance lease principal payments	(463)	(1,362)
Net cash used in financing activities	(5,438)	(4,776)
Effect of exchange rate changes on cash and cash equivalents	536	(770)
Net decrease in cash and cash equivalents	(19,802)	(4,201)
Cash and cash equivalents cash at beginning of year	26,111	30,312
Cash and cash equivalents at end of year	6,309	26,111
Non-cash investing and financing activities
Right-of-use assets acquired (relinquished) under operating lease obligation	2,166	(1,924)
Capital expenditures included in accounts payable and accrued liabilities	31	76
Additions of leasehold improvements and related asset retirement obligations	68	0
Supplemental information
Cash paid for interest	12,677	13,289
Cash paid for income taxes	$ 44	$ 201

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Income Tax Contingency [Line Items]
Operating loss carryforwards, not subject to expiration	$ 224,463
Federal
Income Tax Contingency [Line Items]
Operating loss carryforwards	238,106	$ 183,800
State
Income Tax Contingency [Line Items]
Operating loss carryforwards	208,702	$ 136,400
Foreign
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 17,154

LEASES - Weighted-Average (Details)	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Weighted-average remaining lease term in years, operating leases	5 years 4 months 24 days	6 years
Weighted-average remaining lease term in years, finance leases	11 years 10 months 24 days	12 years 10 months 24 days
Weighted-average discount rate, operating leases	4.33%	4.12%
Weighted-average discount rate, finance leases	5.43%	5.39%

DEBT - Term Loans (Details) - USD ($) $ in Thousands				12 Months Ended
DEBT - Term Loans (Details) - USD ($) $ in Thousands	Feb. 04, 2026	May 31, 2024	Jun. 27, 2023	Dec. 31, 2025	Dec. 31, 2024	Oct. 25, 2021
Debt Instrument [Line Items]
Long-term debt, gross				$ 114,479
Net cash proceeds		$ 6,300
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Durable Manufacturing Facility
Debt Instrument [Line Items]
Proceeds from sale of assets		$ 8,660
Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross				$ 114,394	$ 119,303	$ 125,000
Debt instrument, interest rate during period				10.84%	11.70%
Interest expense, debt				$ 12,625	$ 14,112
Amortization of deferred financing costs				747	$ 751
Debt instrument, quarterly payment, principal outstanding, percentage						0.25%
Senior Secured Term Loan \| Senior Term Loan
Debt Instrument [Line Items]
Threshold provision for cash investments (in years)		1 year
Threshold provision for commitment of investments (in years)		1 year
Threshold period on payments made for committed investments (in days)		180 days
Prepayment of debt				4,602
Remaining contractual commitments				$ 0
Senior Secured Term Loan \| Senior Term Loan \| Subsequent Event
Debt Instrument [Line Items]
Interest payment	$ 2,800
Interest rate	2.00%
Term Loan, Amendment No. 1 \| Alternative Base Rate
Debt Instrument [Line Items]
Debt instrument, floor on variable rate			2.00%
Debt instrument, basis spread on variable rate			4.50%
Term Loan, Amendment No. 1 \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, floor on variable rate			1.00%
Debt instrument, basis spread on variable rate			5.50%

STOCK-BASED COMPENSATION - PSU Activity (Details) - PSU	12 Months Ended
STOCK-BASED COMPENSATION - PSU Activity (Details) - PSU	Dec. 31, 2025 $ / shares shares
Number of PSUs
Beginning (in shares)	125,783
Granted (in shares)	0
Vested (in shares)	(40,871)
Forfeited (in shares)	(84,912)
Ending (in shares)	0
Weighted average grant date fair value
Beginning (in dollars per share) \| $ / shares	$ 9.89
Vested (in dollars per share) \| $ / shares	9.89
Forfeited (in dollars per share) \| $ / shares	9.89
Ending (in dollars per share) \| $ / shares	$ 0

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenue from External Customer [Line Items]
Net sales	$ 134,252	$ 190,288
Deferred revenue	2,742	2,611
Increase (decrease) in customer deposits	4,470
Revenue recognized	4,155
Customer refunds	184
Shipping and Handling
Revenue from External Customer [Line Items]
Net sales	$ 4,293	$ 7,883

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

LOSS PER COMMON SHARE

Basic loss per common share is computed using net loss divided by the weighted-average number of common shares outstanding during each period, excluding unvested RSUs and PSUs.

Diluted loss per common share represents net loss divided by the weighted-average number of common shares outstanding during the period, including common stock equivalents. Common stock equivalents consist of shares subject to share-based awards with exercise prices less than the average market price of the Company’s common stock for the period, to the extent their inclusion would be dilutive.

The following table presents basic and diluted loss per common share for the years ended December 31, 2025, and 2024:


	Years ended December 31,
	2025		2024
Net loss	$	(289,790)	$	(66,717)
Weighted-average shares of common stock outstanding	4,647,945		4,598,640
Dilutive effect of share based compensation awards using the treasury stock method	—		—
Diluted weighted-average shares of common stock outstanding	4,647,945		4,598,640
Basic loss per common share	$	(62.35)	$	(14.51)
Diluted loss per common share	$	(62.35)	$	(14.51)

The computation of the weighted-average shares of common stock outstanding for diluted loss per common share excludes the following potential shares of common stock as their inclusion would have an anti-dilutive effect on diluted loss per common share:


	Years ended December 31,
	2025	2024
Shares subject to unvested or deferred performance and restricted stock units	335,860	290,334
Shares subject to stock options outstanding	28,074	40,654

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Revenue from External Customers by Geographic Areas

Net sales and property, plant and equipment, net and operating lease right-of-use ("ROU") assets, in the United States and Canada, as determined by the location of the subsidiaries, are shown below. Other foreign locations, which are immaterial, individually and in the aggregate, are included in the United States below.


	Years ended December 31,
	2025		2024
United States	$	107,777	$	151,660
Canada	29,064		41,633
Eliminations	(2,589)		(3,005)
Total consolidated net sales	$	134,252	$	190,288


	December 31,
	2025		2024
United States	$	38,071	$	50,928
Canada	30,028		29,513
Total property, plant and equipment, net and operating lease right-of-use assets	$	68,099	$	80,441

Schedule of Long-lived Assets by Geographic Areas


	Years ended December 31,
	2025		2024
United States	$	107,777	$	151,660
Canada	29,064		41,633
Eliminations	(2,589)		(3,005)
Total consolidated net sales	$	134,252	$	190,288


	December 31,
	2025		2024
United States	$	38,071	$	50,928
Canada	30,028		29,513
Total property, plant and equipment, net and operating lease right-of-use assets	$	68,099	$	80,441

Schedule of Estimated Useful Lives

The following table summarizes the estimated useful lives as follows:


Building and improvements			10 - 40 years
Machinery and equipment			5 - 15 years
Leasehold improvements			Lesser of useful life or term of the lease
Computer equipment			3 - 4 years
Furniture and fixtures			5 years

Property, plant and equipment, net comprised the following:


	December 31,
	2025		2024
Machinery and equipment	$	23,577	$	23,531
Peat bogs and related development	12,828		11,895
Building and improvements	8,917		10,313
Land	4,093		5,630
Furniture and fixtures	3,721		4,239
Computer equipment	3,044		3,152
Leasehold improvements	530		3,185
Gross property, plant, and equipment	56,710		61,945
Less: accumulated depreciation	(26,376)		(24,400)
Total property, plant, and equipment, net	$	30,334	$	37,545

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Basis of consolidation and presentation Narrative (Details)	Feb. 12, 2025 $ / shares	Dec. 31, 2025 $ / shares	Dec. 31, 2024 $ / shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reverse stock split ratio	0.1
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001

LEASES (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Assets and Liabilities Lessee

Total ROU assets, finance lease assets, and lease liabilities were as follows:


		December 31,
	Balance Sheet Classification	2025		2024
Lease assets
Operating lease assets	Operating lease right-of-use assets	$	37,765	$	42,869
Finance lease assets	Property, plant and equipment, net	6,575		7,279
Total lease assets		$	44,340	$	50,148

Lease liabilities
Current:
Operating leases	Current portion of operating lease liabilities	$	7,543	$	7,731
Finance leases	Current portion of finance lease liabilities	455		459
Noncurrent:
Operating leases	Long-term operating lease liabilities	32,800		37,553
Finance leases	Long-term finance lease liabilities	7,381		7,830
Total lease liabilities		$	48,179	$	53,573

Schedule of Lease Cost

Total lease costs and sublease and logistics income were as follows:


		Years ended December 31,
	Classification	2025		2024
Operating lease costs	Selling, general and administrative(1)	$	9,565	$	10,195
Finance lease costs:
Amortization of lease assets	Selling, general and administrative	698		734
Amortization of lease assets	Cost of goods sold	—		137
Interest on lease liabilities	Interest expense	421		459
Sublease and logistics income	Selling, general and administrative	(4,797)		(3,851)

(1) Operating lease costs are primarily recorded in SG&A.

The following table summarizes the weighted-average remaining lease term as well as the weighted average discount rate as of December 31, 2025, and 2024:


	December 31,
	2025		2024
Weighted-average remaining lease term in years:
Operating leases	5.4		6.0
Finance leases	11.9		12.9

Weighted-average discount rate:
Operating leases	4.33	%	4.12	%
Finance leases	5.43	%	5.39	%

Cash paid for amounts included in lease liabilities for the years ended December 31, 2025, and 2024, were:


	Years ended December 31,
Cash paid for amounts included in lease liabilities:	2025		2024
Operating cash flows from operating leases	$	(9,452)	$	(9,653)
Operating cash flows from finance leases	(421)		(459)
Financing cash flows from finance leases	(463)		(680)

Schedule of Lessee, Operating Lease, Liability, Maturity

The aggregate future minimum lease payments under long-term non-cancelable operating and finance leases with remaining terms greater than one year as of December 31, 2025, are as follows:


Year ending December 31,	Operating		Finance
2026	$	9,044	$	850
2027	9,266		852
2028	8,728		806
2029	5,862		822
2030	4,742		838
Thereafter	7,846		6,379
Total lease payments	45,488		10,547
Less portion representing interest	5,145		2,711
Total principal	40,343		7,836
Less current portion	7,543		455
Long-term portion	$	32,800	$	7,381

Schedule of Finance Lease, Liability, Fiscal Year Maturity

The aggregate future minimum lease payments under long-term non-cancelable operating and finance leases with remaining terms greater than one year as of December 31, 2025, are as follows:


Year ending December 31,	Operating		Finance
2026	$	9,044	$	850
2027	9,266		852
2028	8,728		806
2029	5,862		822
2030	4,742		838
Thereafter	7,846		6,379
Total lease payments	45,488		10,547
Less portion representing interest	5,145		2,711
Total principal	40,343		7,836
Less current portion	7,543		455
Long-term portion	$	32,800	$	7,381

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Loss before tax was as follows:


	Years ended December 31,
	2025		2024
United States	$	(283,228)	$	(64,011)
Foreign	(7,302)		(1,837)
Loss before tax	$	(290,530)	$	(65,848)

Schedule of Components of Income Tax Expense (Benefit)

Significant components of income tax (benefit) expense consist of the following:


	Years ended December 31,
	2025		2024
Current:
Federal	$	—	$	—
State	87		90
Foreign	90		706
Total current expense (benefit)	177		796

Deferred:
Federal	(641)		—
State	(24)		—
Foreign	(252)		73
Total deferred (benefit) expense	(917)		73
Total income tax (benefit) expense	$	(740)	$	869

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of income tax computed at the U.S. federal statutory tax rates of 21% to income tax benefit consists of the following:


	Year ended December 31,
	2025
Effective rate reconciliation
U.S. federal tax benefit at statutory rate	$	(61,011)	21.0	%
State income taxes, net	68		—	%
Permanent items	(261)		0.1	%
Impact of foreign operations
Canada
Foreign rate differential	(424)		0.1	%
Valuation allowance	2,393		(0.8)	%
Other	(634)		0.2	%
Spain
Other	36		—	%

Other, net	(1,251)		0.4	%
Valuation allowance	60,344		(20.8)	%
Total income tax benefit	$	(740)	0.3	%


	Year ended December 31,
	2024
Effective rate reconciliation
U.S. federal tax benefit at statutory rate	$	(13,828)
State income taxes, net	71
Permanent items	688
Foreign rate differential	112
Share-based compensation	417
Deferred adjustments	(827)
Other, net	14
Valuation allowance	14,222
Total income tax expense	$	869

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities consist of the following:


	December 31,
	2025		2024
Deferred tax assets
Lease liabilities	$	12,901	$	12,959
Accrued expenses	591		1,671
Share-based compensation	726		674
Intangible assets	58,690		1,449
Net operating loss	65,844		49,690
Inventories	4,697		7,832
Interest expense	15,580		12,658
Other	2,076		1,540
Deferred tax assets	161,105		88,473
Valuation allowance	(149,124)		(75,336)
Total deferred tax assets	11,981		13,137

Deferred tax liabilities
Property, plant and equipment	(3,626)		(5,479)
Operating lease right-of-use assets	(10,302)		(10,624)
Other	(183)		(81)
Total deferred tax liabilities	(14,111)		(16,184)
Net deferred tax liability	$	(2,130)	$	(3,047)

Other long-term assets - deferred tax assets	$	—	$	—
Long-term deferred tax liabilities	(2,130)		(3,047)
Net deferred tax liability	$	(2,130)	$	(3,047)

Schedule of Cash Flow, Supplemental Disclosures

Income taxes paid (refunded), net exceeding 5 percent of total income taxes paid in the following jurisdictions for 2025 were as follows:


	Year ended December 31, 2025
States	$	20
Canada	(171)
Spain	195
Total taxes paid	$	44

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities and Other Current Liabilities

Accrued expenses and other current liabilities comprised the following:


	December 31,
	2025		2024
Accrued compensation and benefits	$	2,096	$	1,987
Interest accrual	1,902		2,141
Freight, custom and duty accrual	727		1,130
Goods in transit accrual	361		574
Income tax accrual	66		127
Asset retirement obligations	170		284
Other accrued liabilities	2,366		4,404
Total accrued expenses and other current liabilities	$	7,688	$	10,647

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

The following table summarizes the estimated useful lives as follows:


Building and improvements			10 - 40 years
Machinery and equipment			5 - 15 years
Leasehold improvements			Lesser of useful life or term of the lease
Computer equipment			3 - 4 years
Furniture and fixtures			5 years

Property, plant and equipment, net comprised the following:


	December 31,
	2025		2024
Machinery and equipment	$	23,577	$	23,531
Peat bogs and related development	12,828		11,895
Building and improvements	8,917		10,313
Land	4,093		5,630
Furniture and fixtures	3,721		4,239
Computer equipment	3,044		3,152
Leasehold improvements	530		3,185
Gross property, plant, and equipment	56,710		61,945
Less: accumulated depreciation	(26,376)		(24,400)
Total property, plant, and equipment, net	$	30,334	$	37,545

Schedule of Asset Retirement Obligations

The following table presents changes in AROs for the following periods:


	Years ended December 31,
	2025		2024
Balance, beginning of the period	$	4,516	$	5,216
Liabilities incurred in the period	68		—
Liabilities settled in the period	(126)		(474)
Accretion expense	159		165
Other	221		(391)
Balance, end of the period	$	4,838	$	4,516

INCOME TAXES - Loss From Continuing Operations Before Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Tax Disclosure [Abstract]
United States	$ (283,228)	$ (64,011)
Foreign	(7,302)	(1,837)
Loss before tax	$ (290,530)	$ (65,848)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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-Name Accounting Standards Codification
-Section 55
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 14: http://www.xbrl.org/2003/role/exampleRef
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+ Details

LIQUIDITY AND GOING CONCERN	12 Months Ended
LIQUIDITY AND GOING CONCERN	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
LIQUIDITY AND GOING CONCERN	LIQUIDITY AND GOING CONCERN The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Management evaluated whether conditions or events, considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date the financial statements are issued. The Company has incurred recurring operating losses, negative cash flows from operations, and has significant debt obligations due within the next twelve months. These conditions and events, considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans to address these conditions include reducing costs through restructuring and other initiatives, including facility consolidations, headcount reductions, and focusing on our proprietary brand offerings. To improve liquidity the Company is negotiating with lenders and key vendors, and is pursuing additional financing or strategic alternatives including the sale of assets, businesses, or through an offering of equity securities. These plans are not within the Company’s control, and therefore cannot be deemed probable. As a result, the Company has concluded that management’s plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the specific amounts and classifications of assets and liabilities, which might be necessary should we be unable to continue as a going concern.

INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets

Intangible assets, net comprised the following:


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Finite-lived intangible assets:
Computer software	$	—	$	—	$	—	$	8,982	$	(8,625)	$	357
Customer relationships	—		—		—		99,806		(39,230)		60,576
Technology, formulations and recipes	—		—		—		110,381		(33,401)		76,980
Trade names and trademarks	—		—		—		131,492		(23,432)		108,060
Other	—		—		—		4,716		(4,488)		228
Total finite-lived intangible assets, net	—		—		—		355,377		(109,176)		246,201
Indefinite-lived intangible asset:
Trade name	2,801		—		2,801		2,801		—		2,801
Total intangible assets, net	$	2,801	$	—	$	2,801	$	358,178	$	(109,176)	$	249,002

Schedule of Finite-Lived Intangible Assets

Intangible assets, net comprised the following:


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Finite-lived intangible assets:
Computer software	$	—	$	—	$	—	$	8,982	$	(8,625)	$	357
Customer relationships	—		—		—		99,806		(39,230)		60,576
Technology, formulations and recipes	—		—		—		110,381		(33,401)		76,980
Trade names and trademarks	—		—		—		131,492		(23,432)		108,060
Other	—		—		—		4,716		(4,488)		228
Total finite-lived intangible assets, net	—		—		—		355,377		(109,176)		246,201
Indefinite-lived intangible asset:
Trade name	2,801		—		2,801		2,801		—		2,801
Total intangible assets, net	$	2,801	$	—	$	2,801	$	358,178	$	(109,176)	$	249,002

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the fair value of the Company’s assets and liabilities which are provided for disclosure purposes:


		December 31, 2025				December 31, 2024
	Fair Value Hierarchy Level	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash and cash equivalents	Level 1	$	6,309	$	6,309	$	26,111	$	26,111

Liabilities
Finance leases	Level 3	7,836		8,237		8,289		8,437
Term Loan	Level 2	114,394		93,803		119,303		95,442

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Business and Credit Risk Narrative (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Supplier Concentration Risk \| Purchases \| One Supplier
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%	10.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
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-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 954
-SubTopic 310
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478785/954-310-50-2

+ Details

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

Restructuring and Related Activities (Policies)	12 Months Ended
Restructuring and Related Activities (Policies)	Dec. 31, 2025
Restructuring and Related Activities [Abstract]
Restructuring	the Company began the 2023 Restructuring Plan, and undertook significant actions to streamline operations, reduce costs and improve efficiencies. Restructuring actions in the 2023 Restructuring Plan were primarily U.S. manufacturing facility consolidations, in particular with respect to production of certain durable equipment products. Restructuring activities included termination and disposal costs associated with inventory, facilities, and headcount reductions, and non-cash charges consisting of fixed asset and inventory write-downs.The Company initiated the 2025 Restructuring Plan in the second quarter of 2025 to reduce its product portfolio and operational footprint to decrease costs and improve efficiency. The 2025 Restructuring Plan actions entail (i) eliminating a significant portion of the Company's product portfolio, primarily underperforming distributed brands, to improve supply chain and operational focus, (ii) further reductions in the distribution center network and manufacturing footprint including inventory reductions, and (iii) corresponding headcount reductions.

LEASES - Future Minimum Lease Payment (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Operating
2026	$ 9,044
2027	9,266
2028	8,728
2029	5,862
2030	4,742
Thereafter	7,846
Total lease payments	45,488
Less portion representing interest	5,145
Total principal	40,343
Less current portion	7,543	$ 7,731
Long-term portion	32,800	37,553
Finance
2026	850
2027	852
2028	806
2029	822
2030	838
Thereafter	6,379
Total lease payments	10,547
Less portion representing interest	2,711
Total principal	7,836
Less current portion	455	459
Long-term portion	$ 7,381	$ 7,830

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Depreciation, depletion and amortization		$ 5,348	$ 6,693
Impairment charges related to property plant and equipment	$ 3,784
Finance lease assets cost	9,817	9,817	9,823
Finance lease assets, accumulated depreciation	3,242	3,242	2,544
Asset retirement obligations	170	170	284
Asset retirement obligations, noncurrent	$ 4,668	$ 4,668	$ 4,232

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Recurring and Nonrecurring

As described in Note 4 – Restructuring and Asset Sales, during 2024, the Company sold approximately 20 acres of the 140 acres of excess owned land at its Goshen, New York location. The Company measured the held-for-sale land asset at estimated fair value based on the agreement, which was considered a Level 2 fair value measurement. The land had a carrying value of $470, which was consistent with the estimated sale price less costs to sell, and therefore no estimated gain or loss was recorded during 2024. The transaction closed in the fourth quarter of 2024, and the Company had no assets held for sale as of December 31, 2024 or 2025.

As described in Note 5 – Intangible Assets, during the fourth quarter of fiscal 2025, as a result of industry conditions, primarily attributable to an agricultural oversupply impacting our market and resulting in a decrease in indoor and outdoor cultivation, as well as continued declines in operating cash flows and profitability, the Company assessed long-lived assets for impairment and recorded an impairment charge of $232,179. Of the impairment charge, $228,395 was related to finite-lived intangible assets and $3,784 was related to property, plant, and equipment. The Company estimated fair value based on the income approach and market approach. Under the income approach, the Company estimated the fair value of the asset group on the present value of estimated future cash flows, which the Company considered to be a level 3 unobservable input in the fair value hierarchy.

Other Fair Value Measurements

The following table summarizes the fair value of the Company’s assets and liabilities which are provided for disclosure purposes:


		December 31, 2025				December 31, 2024
	Fair Value Hierarchy Level	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash and cash equivalents	Level 1	$	6,309	$	6,309	$	26,111	$	26,111

Liabilities
Finance leases	Level 3	7,836		8,237		8,289		8,437
Term Loan	Level 2	114,394		93,803		119,303		95,442

Cash and cash equivalents included funds deposited in banks, and the fair values approximated carrying values due to their short-term maturities. The fair values of other current assets and liabilities including accounts receivable, accounts payable, accrued expenses and other current liabilities approximated their carrying value due to their short-term maturities.

The estimated fair value of finance leases, which were considered Level 3 fair value measurements, were calculated as the present value of the required future cash outflows discounted at an estimated borrowing rate. The fair value of the Term Loan was estimated based on Level 2 fair value measurements and was based on bank quotes. The carrying amount of the Term Loan reported above excludes unamortized debt discount and deferred financing costs. Refer to Note 8 – Leases and Note 11 – Debt, for further details of the Company's finance leases and Term Loan, respectively.

The Company did not have any transfers between Levels within the fair value hierarchy during the periods presented.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Section 55
-Paragraph 107
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-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Topic 940
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option

The following table summarizes the activity related to the Company's RSUs for the year ended December 31, 2025. For purposes of this table, vested RSUs represent the shares for which the service condition had been fulfilled during the year ended December 31, 2025:


	Number of RSUs	Weighted average grant date fair value
Balance, December 31, 2024	102,030	$	13.82
Granted	231,618	$	4.56
Vested	(124,511)	$	11.45
Forfeited	(29,986)	$	6.15
Balance, December 31, 2025	179,151	$	4.78

The following table summarizes the activity related to the Company's PSUs for the year ended December 31, 2025:


	Number of PSUs	Weighted average grant date fair value
Balance, December 31, 2024	125,783	$	9.89
Vested	(40,871)	$	9.89
Forfeited	(84,912)	$	9.89
Balance, December 31, 2025	—	$	—

Share-based Payment Arrangement, Option, Activity

The following table summarizes the stock option activity for the year ended December 31, 2025:


	Number	Weighted average exercise price		Weighted average grant date fair value		Weighted average remaining contractual term (years)
Outstanding and exercisable as of December 31, 2024	40,654	$	96.36	$	22.76	3.67
Cancelled	(12,580)	$	93.73	$	18.88
Outstanding and exercisable as of December 31, 2025	28,074	$	97.54	$	24.50	3.50

LEASES - Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Cash Flow (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Operating cash flows from operating leases	$ (9,452)	$ (9,653)
Operating cash flows from finance leases	(421)	(459)
Financing cash flows from finance leases	$ (463)	$ (680)

RESTRUCTURING AND ASSET SALES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended		18 Months Ended
	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Mar. 31, 2025
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges	$ 362
Accrued liability for restructuring costs		$ 0	$ 103
2023 Restructuring Plan \| Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges			$ 1,946
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]			Cost of goods sold
2023 Restructuring Plan \| Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges			$ 277
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]			Selling, general and administrative
2025 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges		5,237
Accrued liability for restructuring costs		202
Additional expected cost		3,000
2025 Restructuring Plan \| Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges		$ 4,762
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]		Cost of goods sold
2025 Restructuring Plan \| Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges		$ 475
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]		Selling, general and administrative
Facility Closing \| 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges			$ 2,223	$ 2,034
Inventory Writedown \| 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges				$ 9,737

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net comprised the following:


	December 31,
	2025		2024
Machinery and equipment	$	23,577	$	23,531
Peat bogs and related development	12,828		11,895
Building and improvements	8,917		10,313
Land	4,093		5,630
Furniture and fixtures	3,721		4,239
Computer equipment	3,044		3,152
Leasehold improvements	530		3,185
Gross property, plant, and equipment	56,710		61,945
Less: accumulated depreciation	(26,376)		(24,400)
Total property, plant, and equipment, net	$	30,334	$	37,545

Depreciation, depletion and amortization expense related to property, plant, and equipment, net was $5,348 and $6,693 for the years ended December 31, 2025, and 2024, respectively. As noted in Note 5 – Intangible Assets, the Company recorded impairment charges of $3,784 for property, plant, and equipment during the year ended December 31, 2025. The impairment charges were primarily related to Leasehold improvements, Land, and Building and improvements.

As of December 31, 2025, Land, Building and improvements, Computer equipment, and Machinery and equipment contain finance leases assets, recorded at cost of $9,817, less accumulated depreciation of $3,242. As of December 31, 2024, Land, Building and improvements, Computer equipment, and Machinery and equipment contain finance leases assets, recorded at cost of $9,823, less accumulated depreciation of $2,544.

The Company operates peat bogs in Alberta, Canada. Under current provincial laws the Company is subject to certain AROs and the remediation of the peat bog sites are under provincial oversight. The Company periodically evaluates expected remediation costs associated with the peat bog sites that it operates. When the Company concludes that it is probable that a liability has been incurred, a provision is made for management's estimate of the liability. As of December 31, 2025, and 2024, the Company had AROs of $170 and $284, respectively, recorded in accrued expenses and other current liabilities on the consolidated balance sheets. As of December 31, 2025, and 2024, the Company had AROs of $4,668 and $4,232, respectively, recorded in other long-term liabilities on the consolidated balance sheets.

The following table presents changes in AROs for the following periods:


	Years ended December 31,
	2025		2024
Balance, beginning of the period	$	4,516	$	5,216
Liabilities incurred in the period	68		—
Liabilities settled in the period	(126)		(474)
Accretion expense	159		165
Other	221		(391)
Balance, end of the period	$	4,838	$	4,516

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Segment Narrative (Details)	12 Months Ended
	Dec. 31, 2025 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1
Number of reportable segments	1

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Lease term	20 years
Operating lease costs	$ 9,565	$ 10,195
Short-term and month-to-month lease expense	0	61
Operating lease, other cost	$ 3,461	$ 3,207

INTANGIBLE ASSETS, NET - Intangible Assets, net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 0	$ 355,377
Accumulated Amortization	0	(109,176)
Net Book Value	0	246,201
Indefinite-lived Intangible Assets [Line Items]
Gross Carrying Amount	2,801	358,178
Net Book Value	2,801	249,002
Trade name
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible asset	2,801	2,801
Computer software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	8,982
Accumulated Amortization	0	(8,625)
Net Book Value	0	357
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	99,806
Accumulated Amortization	0	(39,230)
Net Book Value	0	60,576
Technology, formulations and recipes
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	110,381
Accumulated Amortization	0	(33,401)
Net Book Value	0	76,980
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	131,492
Accumulated Amortization	0	(23,432)
Net Book Value	0	108,060
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	4,716
Accumulated Amortization	0	(4,488)
Net Book Value	$ 0	$ 228

ACCOUNTS RECEIVABLE, NET AND INVENTORIES - Change in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ (706)	$ (920)
Changes in estimates	(838)	(1,006)
Write-offs	928	718
Collections/Other	254	502
Ending balance	$ (362)	$ (706)

RESTRUCTURING AND ASSET SALES - Asset Sales (Details) $ in Thousands		12 Months Ended
	May 31, 2024 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($) a
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset disposition		$ 0	$ 11,520
Provision for inventory obsolescence		$ 1,398	$ 2,002
Net cash proceeds	$ 6,300
Number of acres sold \| a			20
Number of acres owned \| a			140
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Durable Manufacturing Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of assets	8,660
Inventories sold or disposed of	11,616
Property, plant and equipment sold or disposed of	3,721
Intangible assets sold or disposed of	2,573
Other liabilities sold or disposed of	90
Proceeds from operating lease termination	1,275
Proceeds from equipment finance lease termination	668
Costs to sell	$ 417
Loss on asset disposition			$ 11,520
Provision for inventory obsolescence			4,960
Sale of property, plant and equipment			$ 3,700

LEASES

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

LEASES

The Company leases its distribution centers and manufacturing facilities from third parties under various non-cancelable lease agreements expiring at various dates through 2038. Also, the Company leases some property, plant and equipment under finance leases. Certain leases contain escalation provisions and/or renewal options, giving the Company the right to extend the leases by up to 20 years. However, these options are generally not reflected in the calculation of the ROU assets and lease liabilities due to uncertainty surrounding the likelihood of renewal. The Company recognizes operating lease costs over the respective lease periods, including short-term and month-to-month leases. The Company incurred operating lease costs of $9,565 and $10,195 during the years ended December 31, 2025, and 2024, respectively. These costs are included primarily within SG&A in the consolidated statements of operations and do not include lease termination costs associated with the IGE Asset Sale. Refer to Note 4 – Restructuring and Asset Sales for further details.

The Company has operating subleases and logistics agreements which have been accounted for by reference to the underlying asset subject to the lease, primarily as an offset to rent expense within SG&A.

Total ROU assets, finance lease assets, and lease liabilities were as follows:


		December 31,
	Balance Sheet Classification	2025		2024
Lease assets
Operating lease assets	Operating lease right-of-use assets	$	37,765	$	42,869
Finance lease assets	Property, plant and equipment, net	6,575		7,279
Total lease assets		$	44,340	$	50,148

Lease liabilities
Current:
Operating leases	Current portion of operating lease liabilities	$	7,543	$	7,731
Finance leases	Current portion of finance lease liabilities	455		459
Noncurrent:
Operating leases	Long-term operating lease liabilities	32,800		37,553
Finance leases	Long-term finance lease liabilities	7,381		7,830
Total lease liabilities		$	48,179	$	53,573

Total lease costs and sublease and logistics income were as follows:


		Years ended December 31,
	Classification	2025		2024
Operating lease costs	Selling, general and administrative(1)	$	9,565	$	10,195
Finance lease costs:
Amortization of lease assets	Selling, general and administrative	698		734
Amortization of lease assets	Cost of goods sold	—		137
Interest on lease liabilities	Interest expense	421		459
Sublease and logistics income	Selling, general and administrative	(4,797)		(3,851)

(1) Operating lease costs are primarily recorded in SG&A.

In addition to the operating lease costs above, short-term and month-to-month lease expense was zero and $61 for the years ended December 31, 2025, and 2024, respectively, and other costs associated with operating leases were $3,461 and $3,207, respectively, for non-lease components such as common area maintenance and other miscellaneous items. These costs were included primarily within SG&A in the consolidated statements of operations.

The aggregate future minimum lease payments under long-term non-cancelable operating and finance leases with remaining terms greater than one year as of December 31, 2025, are as follows:


Year ending December 31,	Operating		Finance
2026	$	9,044	$	850
2027	9,266		852
2028	8,728		806
2029	5,862		822
2030	4,742		838
Thereafter	7,846		6,379
Total lease payments	45,488		10,547
Less portion representing interest	5,145		2,711
Total principal	40,343		7,836
Less current portion	7,543		455
Long-term portion	$	32,800	$	7,381

The following table summarizes the weighted-average remaining lease term as well as the weighted average discount rate as of December 31, 2025, and 2024:


	December 31,
	2025		2024
Weighted-average remaining lease term in years:
Operating leases	5.4		6.0
Finance leases	11.9		12.9

Weighted-average discount rate:
Operating leases	4.33	%	4.12	%
Finance leases	5.43	%	5.39	%

Cash paid for amounts included in lease liabilities for the years ended December 31, 2025, and 2024, were:


	Years ended December 31,
Cash paid for amounts included in lease liabilities:	2025		2024
Operating cash flows from operating leases	$	(9,452)	$	(9,653)
Operating cash flows from finance leases	(421)		(459)
Financing cash flows from finance leases	(463)		(680)

LEASES

Total ROU assets, finance lease assets, and lease liabilities were as follows:


		December 31,
	Balance Sheet Classification	2025		2024
Lease assets
Operating lease assets	Operating lease right-of-use assets	$	37,765	$	42,869
Finance lease assets	Property, plant and equipment, net	6,575		7,279
Total lease assets		$	44,340	$	50,148

Lease liabilities
Current:
Operating leases	Current portion of operating lease liabilities	$	7,543	$	7,731
Finance leases	Current portion of finance lease liabilities	455		459
Noncurrent:
Operating leases	Long-term operating lease liabilities	32,800		37,553
Finance leases	Long-term finance lease liabilities	7,381		7,830
Total lease liabilities		$	48,179	$	53,573

Total lease costs and sublease and logistics income were as follows:


		Years ended December 31,
	Classification	2025		2024
Operating lease costs	Selling, general and administrative(1)	$	9,565	$	10,195
Finance lease costs:
Amortization of lease assets	Selling, general and administrative	698		734
Amortization of lease assets	Cost of goods sold	—		137
Interest on lease liabilities	Interest expense	421		459
Sublease and logistics income	Selling, general and administrative	(4,797)		(3,851)

(1) Operating lease costs are primarily recorded in SG&A.

The aggregate future minimum lease payments under long-term non-cancelable operating and finance leases with remaining terms greater than one year as of December 31, 2025, are as follows:


Year ending December 31,	Operating		Finance
2026	$	9,044	$	850
2027	9,266		852
2028	8,728		806
2029	5,862		822
2030	4,742		838
Thereafter	7,846		6,379
Total lease payments	45,488		10,547
Less portion representing interest	5,145		2,711
Total principal	40,343		7,836
Less current portion	7,543		455
Long-term portion	$	32,800	$	7,381

The following table summarizes the weighted-average remaining lease term as well as the weighted average discount rate as of December 31, 2025, and 2024:


	December 31,
	2025		2024
Weighted-average remaining lease term in years:
Operating leases	5.4		6.0
Finance leases	11.9		12.9

Weighted-average discount rate:
Operating leases	4.33	%	4.12	%
Finance leases	5.43	%	5.39	%

Cash paid for amounts included in lease liabilities for the years ended December 31, 2025, and 2024, were:


	Years ended December 31,
Cash paid for amounts included in lease liabilities:	2025		2024
Operating cash flows from operating leases	$	(9,452)	$	(9,653)
Operating cash flows from finance leases	(421)		(459)
Financing cash flows from finance leases	(463)		(680)

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 31, 2025	Mar. 20, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-39773
Entity Registrant Name	Hydrofarm Holdings Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-4895761
Entity Address, Address Line One	1510 Main Street
Entity Address, City or Town	Shoemakersville
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19555
City Area Code	707
Local Phone Number	765-9990
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	HYFM
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 16
Entity Common Stock, Shares Outstanding		4,764,612
Documents Incorporated by Reference	Portions of the Registrant’s Definitive Proxy Statement for its 2026 Annual Meeting of Stockholders ("2026 Proxy Statement") are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent stated herein. Such 2026 Proxy Statement will be filed with the U.S. Securities and Exchange Commission ("SEC") within 120 days of the Registrant’s fiscal year ended December 31, 2025.
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Entity Central Index Key	0001695295

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Stock-based Compensation and Employee Benefit Plan Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%
Expense incurred for employee benefit plan	$ 225	$ 236
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award service period	1 year

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

DEBT

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

DEBT

Debt is comprised of the following:


	December 31,
	2025		2024
Term Loan - principal	$	114,394	$	119,303
Term Loan - unamortized discount and deferred financing costs	(2,576)		(3,443)
Term Loan - net of unamortized discount and deferred financing costs	111,818		115,860
Other	85		93
Total debt	$	111,903	$	115,953

Current portion of long-term debt - net of unamortized discount and deferred financing costs of $2,576 as of December 31, 2025	$	111,853	$	1,260
Long-term debt - net of unamortized discount and deferred financing costs of $3,443 as of December 31, 2024	50		114,693
Total debt	$	111,903	$	115,953

Term Loan

On October 25, 2021, the Company and certain of its direct and indirect subsidiaries (the "Obligors") entered into a Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., as administrative agent for the lenders, pursuant to which the Company borrowed a $125,000 senior secured term loan. The Term Loan was amended by Amendment No. 1 to the Credit and Guaranty Agreement (“Amendment No. 1”) effective on June 27, 2023, to replace the LIBOR referenced rates with SOFR referenced rates. Pursuant to Amendment No. 1, any Term Loan that constitutes a Eurodollar Rate Loan that is outstanding as of the Amendment No. 1 closing date shall continue until the end of the applicable interest period for such Eurodollar Rate Loan and the provisions of the Term Loan applicable thereto shall continue and remain in effect (notwithstanding the occurrence of the Amendment No. 1 closing date) until the end of the applicable interest period for such Eurodollar Rate Loan, after which such provisions shall have no further force or effect. Such Eurodollar Rate Loan shall subsequently either be an ABR Loan or a Term Benchmark Loan. The ABR Loans shall bear interest at the Alternate Base Rate (with a 2.0% floor) plus 4.50%, and Term Benchmark Loans shall bear interest at the Adjusted Term SOFR Rate (with a 1.0% floor), plus 5.50%. The ABR Loan and Term Benchmark Loan credit spreads of 4.50% and 5.50%, respectively, within the Amendment No. 1 have not changed from the credit spreads in the original Term Loan. The foregoing description of Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to the provisions of Amendment No. 1. Capitalized terms referenced above are defined in the Term Loan.

The Term Loan matures on October 25, 2028 ("Maturity Date") and is not subject to a call premium. Deferred financing costs are being amortized to interest expense over the term of the loan. For the year ended December 31, 2025, the effective interest rate was 10.84% and interest expense was $12,625, which includes amortization of deferred financing costs and discount of $747. For the year ended December 31, 2024, the effective interest rate was 11.70% and interest expense was $14,112, which included amortization of deferred financing costs and discount of $751.

The principal amount of the Term Loan is required to be repaid in consecutive quarterly installments in amounts equal to 0.25% of the original principal amount of the Term Loan, reduced pro rata by any additional payments made, on the last day of each fiscal quarter commencing March 31, 2022, with the balance of the Term Loan payable on the Maturity Date. The Company is also required to make mandatory prepayments in the event of (i) achieving certain excess cash flow criteria, including the achievement and maintenance of a specific leverage ratio, (ii) certain asset sales that are collateral, or (iii) upon the issuance, offering, or placement of new debt obligations.

As described in Note 4 – Restructuring and Asset Sales, the Company completed the IGE Asset Sale for gross proceeds of $8,660 in May 2024. The net cash proceeds of approximately $6,300 from this transaction were subject to a provision of the Term Loan whereby such net cash proceeds can be reinvested into certain investments, such as capital expenditures. This provision of the Term Loan includes (i) cash investments made within a one-year period from the transaction date, and (ii) investments which are contractually committed within one-year of the transaction date and paid within 180 days after entering into such contractual commitment. The amount of any net cash proceeds which are not reinvested required the Company to make an offer to prepay the corresponding amount on the Term Loan in 2025. In accordance with this provision, we made prepayments of $4,602 during of 2025. The prepayments reduced our required quarterly installment amounts to zero for the remaining term. As of December 31, 2025, we have satisfied this provision as related to the IGE Asset Sale, through a combination of certain investments and prepayments of the Term Loan. The foregoing description of the reinvestment provision does not purport to be complete and is qualified in its entirety by reference to the provisions of the Term Loan.

The Term Loan is secured by a first lien on the non-working capital assets of the Company and a second lien on the working capital assets of the Company.

Subsequent Event

The Company and its Board of Directors are exploring strategic alternatives to strengthen the Company’s liquidity and capital structure. In connection with such process, the Company and its financial advisors have engaged in ongoing discussions with the lenders under the Term Loan. While these discussions have continued, on February 4, 2026, the Company elected to defer making the interest payment of approximately $2.8 million on the Term Loan. As a result of the Company’s failure to pay the interest within the grace period, an event of default occurred with respect to the Term Loan. On February 11, 2026, the lenders, through the administrative agent, notified the Company of such event of default and informed the Company that the administrative agent or the collateral agent may exercise any rights and remedies provided under the Credit and Guaranty

Agreement and related financing documents, but it did not seek to enforce such remedies as of such time. As a result of the event of default, the Term Loan was reclassified to current portion of long-term debt from long-term debt and interest began accruing at a rate that is 2% per annum in excess of the interest rate otherwise payable.

On February 10, 2026, JPMorgan issued a notice to the Company and Lenders of its resignation as Administrative Agent and Collateral Agent under the Credit and Guaranty Agreement. Such resignation became effective on March 12, 2026, when FEAC Agent, LLC was appointed as the successor agent for the Lenders in accordance with Section 9 of the Credit and Guaranty Agreement.

Revolving Credit Facility

On March 29, 2021, the Obligors entered into a certain Credit Agreement, dated as of March 29, 2021, as amended, by among JPMorgan., as administrative agent, issuing bank and swingline lender, the other loan parties from time to time party thereto and the lenders from time to time party thereto for a revolving line of credit up to $50,000. The Revolving Credit Facility was due to expire on June 30, 2027, or any earlier date on which the revolving commitments are reduced to zero. The terms Revolving Credit Facility and Revolving Credit Agreement are used interchangeably.

The Revolving Credit Facility originally had a borrowing limit of $50,000. On August 31, 2021, the Obligors entered into an amendment to the Revolving Credit Facility (the "First Amendment") to increase their original borrowing limit to $100,000. In connection with the First Amendment, the Company's previously acquired subsidiaries became party to the Revolving Credit Facility as either borrowers or as guarantors. On October 25, 2021, the Company and its subsidiaries entered into a second amendment to the Revolving Credit Facility (the "Second Amendment"), pursuant to which the parties consented to the Term Loan described above, and made certain conforming changes to comport with the Term Loan provisions. The Revolving Credit Facility was further amended by a third amendment and joinder to the Revolving Credit Facility dated August 23, 2022 (the "Third Amendment"), pursuant to which several previously acquired subsidiaries became parties to the Revolving Credit Facility and granted liens on their assets. On December 22, 2022, the Company entered into a fourth amendment to the Revolving Credit Facility (the "Fourth Amendment") pursuant to which a sale-leaseback transaction was permitted, and certain other changes were made, including a reduction of the maximum commitment amount under the Revolving Credit Facility from $100,000 to $75,000 and transitioning the LIBOR based rates to SOFR based rates. On March 31, 2023, the Company and certain of its subsidiaries entered into a fifth amendment to the Revolving Credit Facility (the “Fifth Amendment”) pursuant to which the maturity date was extended to June 30, 2026, the maximum commitment amount under the Revolving Credit Facility was reduced to $55,000, and the interest rate on borrowings was revised to various spreads, based on the Company's fixed charge coverage ratio. On November 1, 2024, the Company and certain of its subsidiaries entered into a sixth amendment to the Revolving Credit Facility (the “Sixth Amendment”) which reduced the maximum commitment amount under the Revolving Credit Facility to $35,000. On May 9, 2025, the Company and certain of its subsidiaries entered into a seventh amendment to the Revolving Credit Facility (the “Seventh Amendment”), pursuant to which the maturity date of the Revolving Credit Facility was extended from June 30, 2026 to June 30, 2027, the maximum commitment amount under the Revolving Credit Facility was reduced from $35,000 to $22,000, and certain other changes were made, including the addition of a $2,000 availability block, an increase of the cash dominion trigger from less than 10% of availability to less than 50% of availability, and an increase of the fixed charge ratio trigger from less than 10% excess availability to less than 20% of excess availability. The foregoing description of the Seventh Amendment does not purport to be complete and is qualified in its entirety by reference to the Seventh Amendment.

The unamortized debt discount and deferred financing costs were $209 and $237 as of December 31, 2025, and 2024, respectively, and are included in other assets in the consolidated balance sheet. Debt discount and deferred financing costs were being amortized to interest expense over the term of the Revolving Credit Facility.

The Revolving Credit Facility was an asset-based facility that was secured by a first priority lien on the working capital assets of the Company and a second priority lien on the non-working capital assets of the Company (including most of the Company’s subsidiaries). The borrowing base was based on a detailed monthly calculation of the sum of (a) a percentage of the Eligible Accounts at such time, plus (b) the lesser of (i) a percentage of the Eligible Inventory, at such time, valued at the lower of cost or market value, determined on a first-in-first-out basis, and (ii) the product of a percentage multiplied by the Net Orderly Liquidation Value percentage identified in the most recent inventory appraisal ordered by the Administrative Agent multiplied by the Eligible Inventory, valued at the lower of cost or market value, determined on a first-in-first-out basis, minus (c) Reserves (each of the defined terms above, as defined in the Revolving Credit Facility documents).

The Company was required to maintain certain reporting requirements, affirmative covenants and negative covenants, pursuant to terms outlined in the agreement. Additionally, if the Company’s Excess Availability was less than an amount equal to 20% of the Aggregate Revolving Commitment, the Company was required to maintain a minimum fixed charge coverage ratio of 1.1x on a rolling twelve-month basis until the Excess Availability was more than 20% of the Aggregate Revolving Commitment for thirty consecutive days (each of the defined terms above, as defined in the Revolving Credit Facility documents). In order to consummate permitted acquisitions or to make restricted payments, the Company was required to comply with a higher fixed charge coverage ratio of 1.15x.. The Company received a consent from JPMorgan Chase Bank, N.A., as administrative agent, to permit the cash settlement of fractional shares in connection with the Reverse Stock Split, which is described further in Note 3 – Basis of Presentation and Significant Accounting Policies. As of December 31, 2025, the Company was in compliance with the covenants contained in the Revolving Credit Facility.

The Revolving Credit Facility provided for various interest rate options including the Adjusted Term SOFR Rate, the Adjusted REVSOFR30 Rate, the CB Floating Rate, the Adjusted Daily Simple SOFR, or the CBFR. The rates that use SOFR as the reference rate (Adjusted Term SOFR Rate, the Adjusted REVSOFR30 Rate, the Adjusted Daily Simple SOFR and the CBFR rate) use the Term SOFR Rate plus 1.95%. Each rate had a 0.0% floor. A fee of 0.40% per annum was charged for available but unused borrowings.

As of December 31, 2025, and 2024, the Company had zero borrowed under the facility.

Subsequent Event

On February 17, 2026, the Company entered into the Termination Agreement to terminate the Revolving Credit Agreement. Pursuant to the terms of the Termination Agreement, the parties agreed to terminate the Revolving Credit Agreement subject to the survival of each of the provisions of the Revolving Credit Agreement and Loan Documents (as defined in the Revolving Credit Agreement) and in the certificates delivered in connection with or pursuant to the Revolving Credit Agreement that survive termination of the Revolving Credit Agreement.

Other debt

Other debt of $85 and $93 as of December 31, 2025, and 2024, respectively, was primarily comprised of a foreign subsidiary's other debt which constitutes an immaterial revolving line of credit and mortgage.

Loss on debt modification

The losses on debt modification of $120 and $195 for the years ended December 31, 2025 and 2024, respectively, resulting primarily from the financing transactions described above, are presented in other (expense) income, net on the consolidated statement of operations.

Aggregate future principal payments

As of December 31, 2025, the aggregate estimated future principal payments under long-term debt are as follows:


Year ending December 31,	Debt
2026	$	114,429
2027	21
2028	22
2029	7
Total	$	114,479

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

INCOME TAXES - Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets
Lease liabilities	$ 12,901	$ 12,959
Accrued expenses	591	1,671
Share-based compensation	726	674
Intangible assets	58,690	1,449
Net operating loss	65,844	49,690
Inventories	4,697	7,832
Interest expense	15,580	12,658
Other	2,076	1,540
Deferred tax assets	161,105	88,473
Valuation allowance	(149,124)	(75,336)
Total deferred tax assets	11,981	13,137
Deferred tax liabilities
Property, plant and equipment	(3,626)	(5,479)
Operating lease right-of-use assets	(10,302)	(10,624)
Other	(183)	(81)
Total deferred tax liabilities	(14,111)	(16,184)
Net deferred tax liability	(2,130)	(3,047)
Other long-term assets - deferred tax assets	0	0
Long-term deferred tax liabilities	(2,130)	(3,047)
Net deferred tax liability	$ 2,130	$ 3,047

RESTRUCTURING AND ASSET SALES - 2025 Restructuring Plan (Details) - 2025 Restructuring Plan $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges	$ 5,237
Cash	851
Non-cash	4,386
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges	$ 4,762
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of goods sold
Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Total 2025 Restructuring Plan charges	$ 475
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, general and administrative

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Purchase commitments From time to time in the normal course of business, the Company will enter into agreements with suppliers which provide favorable pricing in return for a commitment to purchase minimum amounts of inventory over a defined time period. Contingencies In the normal course of business, certain claims have been brought against the Company and, where applicable, its suppliers. While there is inherent difficulty in predicting the outcome of such matters, management has vigorously contested the validity of these claims. Based on available information, management does not expect that the outcome of any matters, individually or in the aggregate, would have a material adverse effect on the consolidated financial position, results of operations, cash flows or future earnings of the Company.

DESCRIPTION OF THE BUSINESS (Details) - Senior Term Loan - Term Loan - Subsequent Event $ in Millions	Feb. 04, 2026 USD ($)
Debt Instrument [Line Items]
Interest payment	$ 2.8
Interest rate	2.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Entity-wide Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Segment Reporting Information [Line Items]
Total consolidated net sales	$ 134,252	$ 190,288
Total property, plant and equipment, net and operating lease right-of-use assets	68,099	80,441
United States
Segment Reporting Information [Line Items]
Total property, plant and equipment, net and operating lease right-of-use assets	38,071	50,928
Canada
Segment Reporting Information [Line Items]
Total property, plant and equipment, net and operating lease right-of-use assets	30,028	29,513
Operating Segments \| United States
Segment Reporting Information [Line Items]
Total consolidated net sales	107,777	151,660
Operating Segments \| Canada
Segment Reporting Information [Line Items]
Total consolidated net sales	29,064	41,633
Eliminations
Segment Reporting Information [Line Items]
Total consolidated net sales	$ (2,589)	$ (3,005)

- Definition

+ References

+ Details

STOCKHOLDERS’ EQUITY	12 Months Ended
STOCKHOLDERS’ EQUITY	Dec. 31, 2025
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Common stock Each holder of common stock is entitled to one vote for each share of common stock. Common stockholders have no pre-emptive rights to acquire additional shares of common stock or other securities. The common stock is not subject to redemption rights and carries no subscription or conversion rights. In the event of liquidation, the stockholders are entitled to share in corporate assets on a pro rata basis after the Company satisfies all liabilities and after provision is made for any class of capital stock having preference over the common stock. Subject to corporate regulations and preferences to preferred stock, if any, dividends are at the discretion of the board of directors. As of December 31, 2025, there were 4,667,004 shares outstanding and 300,000,000 shares authorized.

- Definition

The entire disclosure for equity.

+ References

+ Details

RESTRUCTURING AND ASSET SALES (Tables)

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs

The Company incurred the following estimated restructuring costs for the 2025 Restructuring Plan during the year ended December 31, 2025:


	Year ended December 31, 2025
Cost of goods sold	$	4,762
Selling, general and administrative	475
Total 2025 Restructuring Plan charges	$	5,237

Cash	$	851
Non-cash	4,386
Total 2025 Restructuring Plan charges	$	5,237

RESTRUCTURING AND ASSET SALES

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND ASSET SALES

Restructuring

2023 Restructuring Plan

Upon completion of a restructuring plan that began in 2022, the Company began the 2023 Restructuring Plan, and undertook significant actions to streamline operations, reduce costs and improve efficiencies. Restructuring actions in the 2023 Restructuring Plan were primarily U.S. manufacturing facility consolidations, in particular with respect to production of certain durable equipment products. Restructuring activities included termination and disposal costs associated with inventory, facilities, and headcount reductions, and non-cash charges consisting of fixed asset and inventory write-downs. During the year ended December 31, 2024, the Company recorded pre-tax restructuring charges of $2,223 for the 2023 Restructuring Plan, relating primarily to cash charges associated with the consolidation and closure of U.S. manufacturing facilities. Of the $2,223 recorded charges, $1,946 was recorded within cost of goods sold on the consolidated statement of operations during the year ended December 31, 2024. The Company recorded $277 within SG&A expenses on the consolidated statement of operations during the year ended December 31, 2024.

In the first quarter of 2025, the Company completed the 2023 Restructuring Plan and incurred approximately $362 of restructuring charges, which were primarily cash charges and recorded within cost of goods sold on the consolidated statement of operations during the year ended December 31, 2025. The remaining accrual balance of $103 as of December 31, 2024 was settled during the year ended December 31, 2025, and there is no remaining accrual balance. Total costs incurred relating to the 2023 Restructuring Plan were (i) $9,737 of non-cash charges relating primarily to inventory markdowns, and (ii) $2,034 of cash charges relating primarily to the consolidation of U.S. manufacturing facilities.

2025 Restructuring Plan

The Company initiated the 2025 Restructuring Plan in the second quarter of 2025 to reduce its product portfolio and operational footprint to decrease costs and improve efficiency. The 2025 Restructuring Plan actions entail (i) eliminating a significant portion of the Company's product portfolio, primarily underperforming distributed brands, to improve supply chain and operational focus, (ii) further reductions in the distribution center network and manufacturing footprint including inventory reductions, and (iii) corresponding headcount reductions.

The Company incurred the following estimated restructuring costs for the 2025 Restructuring Plan during the year ended December 31, 2025:


	Year ended December 31, 2025
Cost of goods sold	$	4,762
Selling, general and administrative	475
Total 2025 Restructuring Plan charges	$	5,237

Cash	$	851
Non-cash	4,386
Total 2025 Restructuring Plan charges	$	5,237

Non-cash charges were primarily associated with inventory write-downs, which were primarily recorded in cost of goods sold on the consolidated statements of operations during the year ended December 31, 2025. Cash charges were primarily comprised of costs incurred to relocate and terminate certain facilities. As of December 31, 2025, the Company had approximately $202 of accrued restructuring charges.

The Company anticipates the 2025 Restructuring Plan and related actions may result in additional restructuring charges of up to $3,000, primarily cash related, and is expected be completed during 2026. The amounts the Company will ultimately expend could differ from these estimates.

Asset Sales

On May 10, 2024, in connection with the Company's restructuring of its durable manufacturing operations, the Company entered into the Purchase Agreement with CM Fabrication, LLC to sell assets relating to the production of IGE-branded durable equipment products for $8,660 and retain the proprietary brand and customer relationships. The IGE Asset Sale closed on May 31, 2024, and the Company continues to sell its IGE branded durable products, including horticulture benches, racking and LED lighting systems. In connection with the transaction, the Company entered into an exclusive supply agreement with the Buyer to provide for contract manufacturing.

Assets and liabilities that were sold, disposed or terminated in connection with the IGE Asset Sale included $11,616 of inventories, $3,721 of property, plant and equipment, $2,573 of technology intangible assets, and $90 of other net liabilities. The Company paid cash to terminate the facility operating lease for $1,275 and certain equipment finance leases for $668. The Company incurred an estimated $417 of transaction costs, including legal fees and other transaction-related expenses. The Company recorded a loss on asset disposition of $11,520 on the consolidated statements of operations for the year ended December 31, 2024, which included the aforementioned assets and liabilities derecognized, and operating and finance lease termination payments. The Company estimated the amount of cash proceeds associated with the sale of inventories as $4,960 and property, plant and equipment as $3,700, and classified the amounts within net cash from operating activities and investing activities, respectively, on the consolidated statements of cash flows for the year ended December 31, 2024.

Pursuant to requirements in the Company's Revolving Credit Facility consent was obtained from JPMorgan Chase Bank, N.A., as administrative agent, to permit the IGE Asset Sale. The net cash proceeds of approximately $6,300 from this transaction were subject to a provision of the Term Loan (as defined below) whereby such net cash proceeds were reinvested into certain investments, such as capital expenditures, with the remainder being prepaid against the Term Loan principal. Refer to Note 11 – Debt for further details.

During the year ended December 31, 2024, the Company sold approximately 20 acres of the 140 acres of excess owned land at the Goshen, New York location. The sale price less costs to sell were consistent with the carrying value of the land, and therefore no gain or loss was recorded in the year ended December 31, 2024.

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	$ 56,710	$ 61,945
Less: accumulated depreciation	(26,376)	(24,400)
Total property, plant, and equipment, net	30,334	37,545
Machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	23,577	23,531
Peat bogs and related development
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	12,828	11,895
Building and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	8,917	10,313
Land
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	4,093	5,630
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	3,721	4,239
Computer equipment
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	3,044	3,152
Leasehold improvements
Property, Plant and Equipment [Line Items]
Gross property, plant, and equipment	$ 530	$ 3,185

INCOME TAXES - Income Taxes Paid (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Tax Paid, by Individual Jurisdiction [Line Items]
States	$ 20
Cash paid for income taxes	44	$ 201
Canada
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	(171)
Spain
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	$ 195

FAIR VALUE MEASUREMENTS - Schedule of Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 6,309	$ 26,111
Carrying Amount \| Level 1
Assets
Cash and cash equivalents		26,111
Carrying Amount \| Level 1 \| Finance leases
Assets
Cash and cash equivalents	6,309
Carrying Amount \| Level 3 \| Finance leases
Liabilities
Debt	7,836	8,289
Carrying Amount \| Level 2 \| Term Loan
Liabilities
Debt	114,394	119,303
Estimated Fair Value \| Level 1
Assets
Cash and cash equivalents	6,309	26,111
Estimated Fair Value \| Level 3 \| Finance leases
Liabilities
Debt	8,237	8,437
Estimated Fair Value \| Level 2 \| Term Loan
Liabilities
Debt	$ 93,803	$ 95,442

INTANGIBLE ASSETS, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2025	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Impairments	$ 232,179	$ 232,179	$ 0
Impairment of intangible assets	228,395
Impairment charges related to property plant and equipment	$ 3,784
Amortization expense		$ 17,794	$ 23,998
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairments

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

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+ Details

PROPERTY, PLANT AND EQUIPMENT, NET - Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Balance, beginning of the period	$ 4,516	$ 5,216
Liabilities incurred in the period	68	0
Liabilities settled in the period	(126)	(474)
Accretion expense	159	165
Other	221	(391)
Balance, end of the period	$ 4,838	$ 4,516

LOSS PER COMMON SHARE - Calculation for Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net loss	$ (289,790)	$ (66,717)
Weighted-average shares of common stock outstanding (in shares)	4,647,945	4,598,640
Diluted weighted-average shares of common stock outstanding (in shares)	4,647,945	4,598,640
Basic loss per common share (in dollars per share)	$ (62.35)	$ (14.51)
Diluted loss per common share (in dollars per share)	$ (62.35)	$ (14.51)
Share Based Compensation Awards and Warrants
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of share based compensation awards using the treasury stock method (in shares)	0	0

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

LOSS PER COMMON SHARE - Antidilutive (Details) - shares	12 Months Ended
LOSS PER COMMON SHARE - Antidilutive (Details) - shares	Dec. 31, 2025	Dec. 31, 2024
Shares subject to unvested or deferred performance and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares subject to (in shares)	335,860	290,334
Shares subject to stock options outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares subject to (in shares)	28,074	40,654

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Minneapolis, Minnesota

ACCOUNTS RECEIVABLE, NET AND INVENTORIES - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Receivables [Abstract]
Finished goods	$ 25,314	$ 44,372
Work-in-process	872	1,137
Raw materials	10,790	12,398
Allowance for inventory obsolescence	(3,652)	(7,274)
Total inventories	$ 33,324	$ 50,633

DEBT - Components (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Oct. 25, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 114,479
Term Loan - unamortized discount and deferred financing costs	(2,576)	$ (3,443)
Total debt	111,903	115,953
Current portion of long-term debt - net of unamortized discount and deferred financing costs of $2,576 as of December 31, 2025	111,853	1,260
Long-term debt - net of unamortized discount and deferred financing costs of $3,443 as of December 31, 2024	50	114,693
Total debt	111,903	115,953
Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	114,394	119,303	$ 125,000
Term Loan - unamortized discount and deferred financing costs	(2,576)	(3,443)
Total debt	111,818	115,860
Other
Debt Instrument [Line Items]
Total debt	$ 85	$ 93

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

- Definition

Amount of unamortized debt discount (premium) and debt issuance costs.

+ References + Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

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+ Details

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	4,667,004	4,614,279
Common stock, shares outstanding (in shares)	4,667,004	4,614,279

ACCOUNTS RECEIVABLE, NET AND INVENTORIES

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET AND INVENTORIES

ACCOUNTS RECEIVABLE, NET, AND INVENTORIES

Accounts receivable, net comprised the following:


	December 31,
	2025		2024
Trade accounts receivable	$	7,706	$	14,112
Allowance for credit losses	(362)		(706)
Other receivables	842		1,350
Total accounts receivable, net	$	8,186	$	14,756

The change in the allowance for credit losses consisted of the following:


	Years ended December 31,
	2025		2024
Beginning balance	$	(706)	$	(920)
Changes in estimates	(838)		(1,006)
Write-offs	928		718
Collections/Other	254		502
Ending balance	$	(362)	$	(706)

Inventories comprised the following:


	December 31,
	2025		2024
Finished goods	$	25,314	$	44,372
Work-in-process	872		1,137
Raw materials	10,790		12,398
Allowance for inventory obsolescence	(3,652)		(7,274)
Total inventories	$	33,324	$	50,633

Inventories are stated at the lower of cost or net realizable value, and the Company maintains an allowance for excess and obsolete inventory that is based upon assumptions about future demand and market conditions. The allowance for excess and obsolete inventory is subject to increase based on changes in estimates and other factors and decrease based on sales of products and disposals.

STOCK-BASED COMPENSATION - Narrative (Details)	1 Months Ended	12 Months Ended
STOCK-BASED COMPENSATION - Narrative (Details)	Nov. 30, 2020 shares	Dec. 31, 2025 USD ($) plan tranche shares	Dec. 31, 2024 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity plans maintained \| plan		3
Payment, tax withholding, share-based payment arrangement \| $		$ 46,000	$ 142,000
Granted (in shares)		0	0
Exercised (in shares)		0	0
Expected dividend yield		0.00%
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		231,618
Vested in period, fair value \| $		$ 123,000	$ 729,000
Compensation expense \| $		1,057,000	1,927,000
Cost not yet recognized, amount \| $		$ 443,000
Cost not yet recognized, period for recognition		1 year
Deferred (in shares)		94,188
Awards vested but not yet issued due to deferral (n shares)		156,709
Shares withheld for payroll taxes related to vesting of restricted stock units (in shares)		4,830
Shares issued for share based compensation arrangements (in shares)		30,323
Payment, tax withholding, share-based payment arrangement \| $		$ 21,000
Restricted stock units \| Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting tranches \| tranche		1
Restricted stock units \| Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting tranches \| tranche		2
Restricted stock units \| Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting tranches \| tranche		3
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		0
Vested in period, fair value \| $		$ 73,000	167,000
Compensation expense \| $		$ 122,000	357,000
Shares withheld for payroll taxes related to vesting of restricted stock units (in shares)		13,639
Payment, tax withholding, share-based payment arrangement \| $		$ 24,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
Compensation expense \| $		$ 0	$ 101,000
Cost not yet recognized, amount \| $		$ 0
2020 Employee, Director, and Consultant Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)		301,127
Capital shares reserved for future issuance (in shares)	228,405
Percentage of outstanding stock maximum	4.00%
Purchase price of common stock, percent	100.00%
Expiration period	10 years	1 year	1 year

INCOME TAXES - Components of Income Tax (Benefit) Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Current:
Federal	$ 0	$ 0
State	87	90
Foreign	90	706
Total current expense (benefit)	177	796
Deferred:
Federal	(641)	0
State	(24)	0
Foreign	(252)	73
Total deferred (benefit) expense	(917)	73
Total income tax (benefit) expense	$ (740)	$ 869

INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

Finite lived intangible assets are tested for impairment at least annually, while all intangibles are tested for impairment when events or changes in circumstances indicate that, more-likely-than-not, the carrying amount may not be recoverable. During the fourth quarter of fiscal 2025, as a result of industry conditions, primarily attributable to an agricultural oversupply impacting our market and resulting in a decrease in indoor and outdoor cultivation, as well as continued declines in operating cash flows and profitability, the Company assessed long-lived assets for impairment and recorded an impairment charge of $232,179. Of the impairment charge, $228,395 was related to finite-lived intangible assets and $3,784 was related to property, plant, and equipment. The loss was recorded in impairments in the consolidated statement of operations for the year ended December 31, 2025. The Company estimated fair value based on the income approach and market approach. Under the income approach, the Company estimated the fair value of the asset group on the present value of estimated future cash flows, which the Company considered to be a level 3 unobservable input in the fair value hierarchy. There were no other impairment charges for long-lived assets in the years ended December 31, 2025 or 2024.

Intangible assets, net comprised the following:


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Finite-lived intangible assets:
Computer software	$	—	$	—	$	—	$	8,982	$	(8,625)	$	357
Customer relationships	—		—		—		99,806		(39,230)		60,576
Technology, formulations and recipes	—		—		—		110,381		(33,401)		76,980
Trade names and trademarks	—		—		—		131,492		(23,432)		108,060
Other	—		—		—		4,716		(4,488)		228
Total finite-lived intangible assets, net	—		—		—		355,377		(109,176)		246,201
Indefinite-lived intangible asset:
Trade name	2,801		—		2,801		2,801		—		2,801
Total intangible assets, net	$	2,801	$	—	$	2,801	$	358,178	$	(109,176)	$	249,002

Amortization expense related to intangible assets was $17,794 and $23,998 for the years ended December 31, 2025, and 2024, respectively.

INCOME TAXES

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

Loss before tax was as follows:


	Years ended December 31,
	2025		2024
United States	$	(283,228)	$	(64,011)
Foreign	(7,302)		(1,837)
Loss before tax	$	(290,530)	$	(65,848)

Significant components of income tax (benefit) expense consist of the following:


	Years ended December 31,
	2025		2024
Current:
Federal	$	—	$	—
State	87		90
Foreign	90		706
Total current expense (benefit)	177		796

Deferred:
Federal	(641)		—
State	(24)		—
Foreign	(252)		73
Total deferred (benefit) expense	(917)		73
Total income tax (benefit) expense	$	(740)	$	869

The reconciliation of income tax computed at the U.S. federal statutory tax rates of 21% to income tax benefit consists of the following:


	Year ended December 31,
	2025
Effective rate reconciliation
U.S. federal tax benefit at statutory rate	$	(61,011)	21.0	%
State income taxes, net	68		—	%
Permanent items	(261)		0.1	%
Impact of foreign operations
Canada
Foreign rate differential	(424)		0.1	%
Valuation allowance	2,393		(0.8)	%
Other	(634)		0.2	%
Spain
Other	36		—	%

Other, net	(1,251)		0.4	%
Valuation allowance	60,344		(20.8)	%
Total income tax benefit	$	(740)	0.3	%


	Year ended December 31,
	2024
Effective rate reconciliation
U.S. federal tax benefit at statutory rate	$	(13,828)
State income taxes, net	71
Permanent items	688
Foreign rate differential	112
Share-based compensation	417
Deferred adjustments	(827)
Other, net	14
Valuation allowance	14,222
Total income tax expense	$	869

State income taxes, net is primarily attributable to Oregon, which represents more than 50% of total state income tax expense for the years ended December 31, 2025, and 2024.

Deferred income tax assets and liabilities consist of the following:


	December 31,
	2025		2024
Deferred tax assets
Lease liabilities	$	12,901	$	12,959
Accrued expenses	591		1,671
Share-based compensation	726		674
Intangible assets	58,690		1,449
Net operating loss	65,844		49,690
Inventories	4,697		7,832
Interest expense	15,580		12,658
Other	2,076		1,540
Deferred tax assets	161,105		88,473
Valuation allowance	(149,124)		(75,336)
Total deferred tax assets	11,981		13,137

Deferred tax liabilities
Property, plant and equipment	(3,626)		(5,479)
Operating lease right-of-use assets	(10,302)		(10,624)
Other	(183)		(81)
Total deferred tax liabilities	(14,111)		(16,184)
Net deferred tax liability	$	(2,130)	$	(3,047)

Other long-term assets - deferred tax assets	$	—	$	—
Long-term deferred tax liabilities	(2,130)		(3,047)
Net deferred tax liability	$	(2,130)	$	(3,047)

Income taxes paid (refunded), net exceeding 5 percent of total income taxes paid in the following jurisdictions for 2025 were as follows:


	Year ended December 31, 2025
States	$	20
Canada	(171)
Spain	195
Total taxes paid	$	44

As of December 31, 2025, the Company had federal and state NOL carryforwards of approximately $238,106 and $208,702, respectively. The federal and state NOL carryforwards, if not utilized, will begin to expire in 2037 and 2027, respectively, and $224,463 of the federal losses are indefinite. As of December 31, 2024, the Company had federal and state NOL carryforwards of approximately $183,800 and $136,400, respectively. Foreign NOL carryforwards were approximately $17,154 at December 31, 2025. The foreign NOLs, if not utilized, will begin to expire in 2041.

The Company determined the amount of its valuation allowance based on estimates regarding the timing and amount of the reversal of taxable temporary differences, expected future taxable income by jurisdiction, and the impact of tax planning strategies. As of December 31, 2025, and 2024, the Company believes it is more-likely-than-not that it will not be able to realize its U.S. deferred tax assets and therefore has maintained a full valuation allowance against its U.S. deferred tax assets. The Company has also provided valuation allowances against certain foreign deferred tax assets.

Carryforwards of NOLs are subject to possible limitation should a change in ownership occur, as defined by Internal Revenue Code Section 382. An ownership change is generally defined as a greater than 50% increase in equity ownership by 5% stockholders in any three-year period. The Company experienced an aggregate ownership change which exceeded the 50% threshold in connection with the Company's initial public offering ("IPO"), and future changes in stock ownership may occur. To the extent that the Company earns net taxable income, the Company's ability to use NOLs to offset such taxable income may be subject to limitations. The annual limitation resulting from the IPO ownership change is not expected to result in the expiration of the NOL carry forwards before utilization.

In 2025 and 2024, the Company did not record any liabilities related to uncertain tax positions. The Company does not have any tax positions for which it is reasonably possible that the total amount of gross unrecognized tax benefits will significantly change within 12 months of December 31, 2025. The Company recognizes interest and penalties relating to unrecognized tax benefits as part of its income tax expense. The Company’s major filing jurisdictions are the United States and Canada. Due to the Company’s NOL carryforwards, the Company’s income tax returns remain subject to examination by federal, foreign and most state taxing authorities for all tax years.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

LEASES - Lease Costs and Sublease and Logistics Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 9,565	$ 10,195
Interest on lease liabilities	421	459
Sublease and logistics income	(4,797)	(3,851)
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Amortization of lease assets	698	734
Cost of goods sold
Lessee, Lease, Description [Line Items]
Amortization of lease assets	$ 0	$ 137

DEBT (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

Debt is comprised of the following:


	December 31,
	2025		2024
Term Loan - principal	$	114,394	$	119,303
Term Loan - unamortized discount and deferred financing costs	(2,576)		(3,443)
Term Loan - net of unamortized discount and deferred financing costs	111,818		115,860
Other	85		93
Total debt	$	111,903	$	115,953

Current portion of long-term debt - net of unamortized discount and deferred financing costs of $2,576 as of December 31, 2025	$	111,853	$	1,260
Long-term debt - net of unamortized discount and deferred financing costs of $3,443 as of December 31, 2024	50		114,693
Total debt	$	111,903	$	115,953

Schedule of Maturities of Long-term Debt

As of December 31, 2025, the aggregate estimated future principal payments under long-term debt are as follows:


Year ending December 31,	Debt
2026	$	114,429
2027	21
2028	22
2029	7
Total	$	114,479

ACCOUNTS RECEIVABLE, NET AND INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net comprised the following:


	December 31,
	2025		2024
Trade accounts receivable	$	7,706	$	14,112
Allowance for credit losses	(362)		(706)
Other receivables	842		1,350
Total accounts receivable, net	$	8,186	$	14,756

Schedule of Change in Allowance for Doubtful Accounts

The change in the allowance for credit losses consisted of the following:


	Years ended December 31,
	2025		2024
Beginning balance	$	(706)	$	(920)
Changes in estimates	(838)		(1,006)
Write-offs	928		718
Collections/Other	254		502
Ending balance	$	(362)	$	(706)

Schedule of Inventories

Inventories comprised the following:


	December 31,
	2025		2024
Finished goods	$	25,314	$	44,372
Work-in-process	872		1,137
Raw materials	10,790		12,398
Allowance for inventory obsolescence	(3,652)		(7,274)
Total inventories	$	33,324	$	50,633

STOCK-BASED COMPENSATION - RSU Activity (Details) - Restricted stock units	12 Months Ended
	Dec. 31, 2025 $ / shares shares
Number of RSUs
Beginning (in shares) \| shares	102,030
Granted (in shares) \| shares	231,618
Vested (in shares) \| shares	(124,511)
Forfeited (in shares) \| shares	(29,986)
Ending (in shares) \| shares	179,151
Weighted average grant date fair value
Beginning (in dollars per share) \| $ / shares	$ 13.82
Granted (in dollars per share) \| $ / shares	4.56
Vested (in dollars per share) \| $ / shares	11.45
Forfeited (in dollars per share) \| $ / shares	6.15
Ending (in dollars per share) \| $ / shares	$ 4.78

LEASES - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Lease assets
Operating lease right-of-use assets	$ 37,765	$ 42,869
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Property, plant and equipment, net	$ 6,575	$ 7,279
Total lease assets	44,340	50,148
Lease liabilities
Current portion of operating lease liabilities	7,543	7,731
Current portion of finance lease liabilities	455	459
Long-term operating lease liabilities	32,800	37,553
Long-term finance lease liabilities	7,381	7,830
Total lease liabilities	$ 48,179	$ 53,573

INCOME TAXES - Reconciliation of Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal tax benefit at statutory rate	$ (61,011)	$ (13,828)
State income taxes, net	68	71
Permanent items	(261)	688
Foreign rate differential		112
Share-based compensation		417
Other, net		14
Deferred adjustments		(827)
Valuation allowance	60,344	14,222
Total income tax (benefit) expense	$ (740)	$ 869
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal tax benefit at statutory rate	21.00%
State income taxes, net	0.00%
Permanent items	0.10%
Valuation allowance	(20.80%)
Total income tax benefit	0.30%
Canada
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Foreign rate differential	$ (424)
Other, net	(634)
Valuation allowance	$ 2,393
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Foreign rate differential	0.10%
Valuation allowance	(0.80%)
Other, net	0.20%
Spain
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Other, net	$ 36
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Other, net	0.00%
United States
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Other, net	$ (1,251)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Other, net	0.40%

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Basis of consolidation and presentation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and the requirements of the U.S. Securities and Exchange Commission ("SEC") for year-end financial reporting. All intercompany balances and transactions have been eliminated in consolidation.

On February 12, 2025, the Company effected a one-for-ten reverse stock split of its common stock, whereby each lot of ten shares of common stock issued and outstanding immediately prior to the reverse stock split was converted into and became one share of common stock (the "Reverse Stock Split"). In lieu of issuing any fractional shares, any stockholder entitled to receive less than one share of common stock received cash for such stockholder’s fractional share. There was no change to the par value of $0.0001. Accordingly, the presentation of all periods covered by the consolidated financial statements, and notes to the consolidated financial statements, contained herein have been adjusted to give retroactive effect to the Reverse Stock Split.

Use of estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Significant estimates include provisions for sales returns, rebates and claims from customers, realization of accounts receivable and inventories, fair value of assets acquired and liabilities assumed for business combinations, valuation of intangible assets, estimated useful lives of long-lived assets, incremental borrowing rate applied in lease accounting, valuation of stock-based compensation, recognition of deferred income taxes, classification of debt pursuant to certain terms in the Company's credit agreements, recognition of liabilities related to commitments and contingencies, asset retirement obligations ("AROs"), and valuation allowances. Actual results may differ from these estimates. On an ongoing basis, the Company reviews its estimates to ensure that these estimates appropriately reflect changes in its business or new information available.

Segment and entity-wide information

Segment information

The Company's chief operating decision maker ("CODM") is the Chief Executive Officer (the "CEO") who reviews financial information for the purposes of making operating decisions, assessing financial performance and allocating resources. The business is organized as one operating segment managed on a consolidated basis, and one reportable segment, which is the distribution and manufacture of CEA equipment and supplies.

For the purposes of making operating decisions, assessing financial performance and allocating resources, the CODM reviews financial statement metrics on a consolidated basis, including net sales, gross profit, SG&A, and net loss as presented in the consolidated statements of operations. Net loss is the primary measure of profit or loss reviewed by the CODM. In addition, the CODM reviews consolidated total assets and significant components such as inventories, cash and other assets for the purpose of evaluating financial performance. Significant expense categories regularly reviewed by the CODM are comprised of cost of goods sold and SG&A. The other components of net loss as disclosed in the statements of operations that are not significant segment expenses are impairments, loss on asset disposition, interest expense, other income (expense), net, and income tax expense. Since the Company operates as one reportable segment, all required segment financial information is found in the consolidated financial statements and notes, and within the entity-wide disclosures presented below.

Entity-wide information


	Years ended December 31,
	2025		2024
United States	$	107,777	$	151,660
Canada	29,064		41,633
Eliminations	(2,589)		(3,005)
Total consolidated net sales	$	134,252	$	190,288


	December 31,
	2025		2024
United States	$	38,071	$	50,928
Canada	30,028		29,513
Total property, plant and equipment, net and operating lease right-of-use assets	$	68,099	$	80,441

All of the products sold by the Company are similar and classified as CEA equipment and supplies.

Concentrations of business and credit risk

The Company maintains cash balances at certain financial institutions that can, at times, exceed amounts insured by the Federal Deposit Insurance Corporation. The Company has not experienced any losses in these accounts and believes it is not exposed to any significant credit risk in this area.

Accounts receivable expose the Company to credit risks such as collectability and business risks such as customer concentrations. Exposure to losses on receivables is dependent on each customer’s financial condition. Receivables arising from sales are not collateralized; however, credit risk is somewhat mitigated as a result of the large diverse customer base. No customer accounted for more than 10% of revenues in 2025 or 2024. No customer accounted for more than 10% of accounts receivable as of December 31, 2025, or December 31, 2024. One supplier accounted for more than 10% of purchases in 2025 and 2024.

Fair value measurements

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company has applied the framework for measuring fair value which requires a fair value hierarchy to be applied to all fair value measurements. All financial instruments recognized at fair value are classified into one of three levels in the fair value hierarchy as follows:

Level 1 — Valuation based on quoted prices (unadjusted) observed in active markets for identical assets or liabilities.

Level 2 — Valuation techniques based on inputs that are quoted prices of similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not in active markets; inputs other than quoted prices used in a valuation model that are observable for that instrument; and inputs that are derived from or, corroborated by, observable market data by correlation or other means.

Level 3 — Valuation techniques with significant unobservable market inputs.

The Company measures certain non-financial assets and liabilities, including long-lived assets and intangible assets at fair value on a nonrecurring basis.

Foreign currency matters

The Company reports its financial results in United States dollars, which is the currency of the primary economic environment in which it operates. The functional currency for each of the Company’s foreign subsidiaries is generally its local currency. Monetary assets and liabilities, and transactions denominated in currencies other than the functional currency are remeasured to the functional currency at the exchange rate in effect at the end of each period. Foreign currency transaction gains and losses are included in the determination of net loss and classified as other income, net, in the consolidated statements of operations. Assets and liabilities of foreign subsidiaries are translated at the exchange rates in effect at the end of each period. Revenues, expenses, gains and losses are translated at the average rates of exchange prevailing during the period. Accumulated deficit and other equity accounts are translated at historical rates. Translation gains and losses are included in accumulated other comprehensive loss within stockholders’ equity.

The effect of currency translation adjustments on cash and cash equivalents is presented separately in the consolidated statements of cash flows.

Cash and cash equivalents

Cash includes funds deposited in banks. Cash equivalents include highly liquid investments such as term deposits and money market instruments with original maturities of three months or less.

Accounts receivable, net

Trade accounts receivable represents amounts due from customers. Other receivables represent other current non-trade receivables. Allowance for credit losses reflects the Company’s estimate of amounts in its existing accounts receivable that may not be collected due to customer claims or customer inability or unwillingness to pay. The allowance is estimated based on a combination of factors, including, but not limited to the age of the account, the credit worthiness of the customer, payment terms, the customer’s historical payment history and general economic conditions. Management reviews these factors quarterly to determine if any adjustments are needed to the allowance for credit losses. Accounts receivable are written off when the receivables are deemed uncollectible. Subsequent collections are recorded in SG&A on the consolidated statement of operations when they are received.

Inventories

Inventories consist of finished goods, work-in-process, and raw materials used in manufacturing products. Inventories are stated at the lower of cost or net realizable value, principally determined by the first in, first out method of accounting. The Company maintains an allowance for excess and obsolete inventory. The estimate for excess and obsolete inventory is based upon assumptions about current and anticipated demand, customer preferences, business strategies, and market conditions.

Management reviews these assumptions periodically to determine if any adjustments are needed to the allowance for excess and obsolete inventory. The establishment of an allowance for excess and obsolete inventory establishes a new cost basis in the inventory. Such allowance is not reduced until the product is sold or otherwise disposed. If inventory is sold, any related reserves would be reversed in the period of sale. The Company estimates inventory markdowns relating to restructuring charges based upon business strategies, management's actions with respect to inventory of raw materials and products and brands being removed from the Company's portfolio, current and anticipated demand, customer preferences, and market conditions.

Leases

Leases are accounted for under Accounting Standard Codification ("ASC") 842 - Leases. At inception of a contract, the Company determines whether that contract is or contains a lease. A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Leases are then classified as either finance or operating, with classification affecting the location of expense recognition in the consolidated statements of operations.

Right-of-use assets represent the right to use an underlying asset for the lease term while lease liabilities represent the obligation to make lease payments arising from a lease, measured on a discount basis. All leases greater than 12 months result in the recognition of a ROU asset and a lease liability at the lease commencement date based on the present value of the lease payments over the lease term. The present value of the lease payments is calculated using the applicable weighted-average discount rate. The weighted-average discount rate is based on the discount rate implicit in the lease, or if the implicit rate is not readily determinable from the lease, the applicable incremental borrowing rate is estimated. The incremental borrowing rate is estimated using the currency denomination of the lease and the contractual lease term. To determine the incremental borrowing rate, reference is made to interest rates that would be available to finance assets similar to the assets under lease in their related geographical location.

The Company accounts for lease components separately from non-lease components, other than for office equipment. The Company has certain leases that include one or more options to renew with renewal terms that can extend the lease term. The exercise of the lease renewal options is at the Company’s discretion. A lease renewal option is included in the determination of the ROU asset and lease liability when the option is reasonably certain of being exercised.

Property, plant and equipment

Property, plant and equipment is recorded at cost less accumulated depreciation, depletion and amortization. Property, plant and equipment assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable.

Property, plant and equipment, excluding peat bogs and related development, are depreciated using the straight-line method. The following table summarizes the estimated useful lives as follows:


Building and improvements			10 - 40 years
Machinery and equipment			5 - 15 years
Leasehold improvements			Lesser of useful life or term of the lease
Computer equipment			3 - 4 years
Furniture and fixtures			5 years

The useful lives of property, plant and equipment recorded under finance leases are further limited to the term of lease.

Peat bogs and related development costs are depleted using the units of production method over the total expected volume of the peat bogs.

Intangible assets

Definite-lived intangible assets are amortized using the straight-line method over their estimated useful lives. The Company has one trade name that is considered to have an indefinite useful life. Intangible assets are also tested for impairment

at least annually and when events or changes in circumstances indicate that, more-likely-than-not, the carrying amount may not be recoverable. The Company estimates fair value based on the income approach and market approach. Under the income approach, the Company estimates the fair value of the asset group on the present value of estimated future cash flows, which the Company considers to be a level 3 unobservable input in the fair value hierarchy. Significant judgment is required in estimating fair values and performing intangible asset impairment tests.

Revenue recognition

The Company follows ASC 606 - Revenue from Contracts with Customers which requires that revenue recognized from contracts with customers be disaggregated into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The Company has determined that revenue is generated from one category, which is the manufacture and distribution of CEA equipment and supplies.

Revenue is recognized as control of promised goods is transferred to customers, which generally occurs upon receipt at customers’ locations determined by the specific terms of the contract. Arrangements generally have a single performance obligation and revenue is reported net of variable consideration which includes applicable volume rebates, cash discounts and sales returns and allowances. Variable consideration is estimated and recorded at the time of sale.

The amount billed to customers for shipping and handling costs included in net sales was $4,293 and $7,883 in the years ended December 31, 2025, and 2024, respectively. Shipping and handling costs that occur before the customer obtains control of the goods are deemed to be fulfillment activities and are accounted for as fulfillment costs included in cost of goods sold. The Company does not receive noncash consideration for the sale of goods. Contract consideration received from a customer prior to revenue recognition is recorded as a contract liability and is recognized as revenue when the Company satisfies the related performance obligation under the terms of the contract. The Company's contract liabilities, which consist primarily of customer deposits reported within deferred revenue on the consolidated balance sheets, totaled $2,742 and $2,611 as of December 31, 2025, and 2024, respectively. During the year ended December 31, 2025, the Company recorded customer deposits of $4,470, recognized $4,155 of deferred revenue, and noted $184 of additional decreases primarily due to customer refunds and foreign exchange rate fluctuations. There are no significant financing components and the majority of revenue is recognized within one year. Excluded from revenue are any taxes assessed by governmental authorities, including value-added and other sales-related taxes that are imposed on and concurrent with revenue-generating activities.

Stock-based compensation

The Company accounts for stock-based compensation expense in accordance with the fair value recognition and measurement provisions of U.S. GAAP, which requires compensation cost for the grant-date fair value of stock-based awards to be recognized over the requisite service period. The Company accounts for forfeitures when they occur and any compensation expense previously recognized on unvested shares will be reversed when forfeited.

Service-based awards

The Company records stock-based compensation expense for restricted stock units ("RSUs") and service-based stock options on a straight-line basis over the requisite service period.

The fair value of restricted stock awards is measured on the grant date based on the closing price of the Company's common stock.

The fair value of option-based awards is estimated using the Black-Scholes valuation model. The Black-Scholes model requires the use of highly subjective and complex assumptions. For inputs into the Black-Scholes model, the expected volatility is based on historical implied volatility from recent stock option transactions at the time of grant. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury implied yield at the date of grant. The Company has elected to use the "simplified method" to determine the expected term which is the midpoint between the vesting date and the end of the contractual term because it has insufficient history upon which to base an assumption about the term. The expected dividend yield is 0.0% as the Company has not paid and does not anticipate paying dividends on its common stock.

Performance-based awards

The Company has granted performance stock unit ("PSU") awards that vest upon the satisfaction of both service-based and performance-based conditions. The service-based condition for these awards generally is satisfied over one year. The performance-based conditions generally are satisfied upon achieving specified performance targets. The Company records stock-based compensation expense for performance-based equity awards on a straight-line basis over the requisite service period and only if performance-based conditions are considered probable to be satisfied.

Employee benefit plan

The Company has a savings retirement plan that covers substantially all full-time employees who meet the plan’s eligibility requirements and provides for an employee elective contribution. The Company made matching contributions to the plan and incurred expense of $225 and $236 for the years ended December 31, 2025, and 2024, respectively.

Income taxes

The asset and liability method of accounting for income taxes is followed whereby deferred income tax assets are recognized for deductible temporary differences and operating loss carryforwards, and deferred income tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the amounts of assets and liabilities recorded for income tax and financial reporting purposes.

Deferred income tax assets are recognized only to the extent that management determines that it is more-likely-than-not that the deferred income tax assets will be realized. Deferred income tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The income tax expense or benefit is the income tax payable or recoverable for the year plus or minus the change in deferred income tax assets and liabilities during the year.

The Company has deferred tax assets and liabilities and maintains valuation allowances where it is more-likely-than-not that all or a portion of deferred tax assets will not be realized. Significant judgment is required in determining any valuation allowance recorded against deferred tax assets. The determination of the amount of valuation allowance to be provided on recorded deferred tax assets involves consideration of estimates regarding the timing and amount of the reversal of taxable temporary differences, expected future taxable income by jurisdiction, and the impact of tax planning strategies. Changes in the relevant facts can impact the judgment or need for valuation allowances. In the event we change our determination as to the amount of deferred tax assets that can be realized, we will adjust our valuation allowance with a corresponding impact to the provision for income taxes in the period in which such determination is made.

The Company will establish a liability for tax return positions when there is uncertainty as to whether the position will ultimately be sustained. Amounts for uncertain tax positions will be adjusted when new information becomes available or when positions are effectively settled. The Company will recognize interest expense and penalties related to these unrecognized tax benefits within income tax expense. U.S. GAAP provides that a tax benefit from an uncertain tax position may be recognized when it is more-likely-than-not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits of the position. The amount recognized is measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the related tax authority.

Recently issued accounting pronouncements

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires greater disaggregation of information in the effective tax rate reconciliation, income taxes paid disaggregated by jurisdiction, and certain other amendments related to income tax disclosures. This guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company has adopted the aforementioned guidance, and updated tax disclosures are presented in Note 14 – Income Taxes.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires a public entity to disclose additional information about specific expense categories in the notes to financial statements on an annual and interim basis. The amendments are effective for annual periods beginning after December 15, 2026, and interim

periods beginning after December 15, 2027, with early adoption permitted. A public entity should apply the amendments either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact that adoption of this accounting standard will have on its financial disclosures.

In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments - Credit Losses: Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient permitting companies to assume that conditions at the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current accounts receivable and current contract assets. This guidance is effective for annual periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted and is effective on a prospective basis. The Company is currently evaluating the impact that adoption of this accounting standard will have on its financial disclosures.

In September 2025, the FASB issued ASU No. 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which makes targeted improvements to the accounting for internal-use software by removing references to “development stages.” The update also clarifies the criteria for capitalization, which begins when both of the following occur: (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended. The guidance is effective for annual reporting periods beginning after December 15, 2027, and for interim periods within those annual reporting periods, with early adoption permitted, and can be applied prospectively, retrospectively, or via a modified prospective transition method. The Company is currently evaluating the impact that adoption of this accounting standard will have on its financial disclosures.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2023		4,578,841
Beginning balance at Dec. 31, 2023	$ 290,610	$ 0	$ 787,851	$ (6,497)	$ (490,744)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for vesting of stock awards (in shares)		53,464
Shares repurchased for withholding tax on stock awards (in shares)		(18,026)
Shares repurchased for withholding tax on stock awards	(142)		(142)
Stock-based compensation expense	2,385		2,385
Net loss	(66,717)				(66,717)
Foreign currency translation loss [gain]	$ (2,414)			(2,414)
Ending balance (in shares) at Dec. 31, 2024	4,614,279	4,614,279
Ending balance at Dec. 31, 2024	$ 223,722	$ 0	790,094	(8,911)	(557,461)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for vesting of stock awards (in shares)		71,194
Shares repurchased for withholding tax on stock awards (in shares)		(18,469)
Shares repurchased for withholding tax on stock awards	(46)		(46)
Stock-based compensation expense	1,179		1,179
Net loss	(289,790)				(289,790)
Foreign currency translation loss [gain]	$ 1,639			1,639
Ending balance (in shares) at Dec. 31, 2025	4,667,004	4,667,004
Ending balance at Dec. 31, 2025	$ (63,296)	$ 0	$ 791,227	$ (7,272)	$ (847,251)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Statement of Comprehensive Income [Abstract]
Net loss	$ (289,790)	$ (66,717)
Other comprehensive income (loss):
Foreign currency translation gain (loss)	1,639	(2,414)
Total comprehensive loss	$ (288,151)	$ (69,131)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

DEBT - Future Principal Payments (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Debt Disclosure [Abstract]
2026	$ 114,429
2027	21
2028	22
2029	7
Total	$ 114,479

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 6,309	$ 26,111
Accounts receivable, net	8,186	14,756
Inventories	33,324	50,633
Prepaid expenses and other current assets	3,622	3,712
Total current assets	51,441	95,212
Property, plant and equipment, net	30,334	37,545
Operating lease right-of-use assets	37,765	42,869
Intangible assets, net	2,801	249,002
Other assets	1,463	1,476
Total assets	123,804	426,104
Current liabilities:
Accounts payable	9,752	12,279
Accrued expenses and other current liabilities	7,688	10,647
Deferred revenue	2,742	2,611
Current portion of operating lease liabilities	7,543	7,731
Current portion of finance lease liabilities	455	459
Current portion of long-term debt	111,853	1,260
Total current liabilities	140,033	34,987
Long-term operating lease liabilities	32,800	37,553
Long-term finance lease liabilities	7,381	7,830
Long-term debt	50	114,693
Deferred tax liabilities	2,130	3,047
Other long-term liabilities	4,706	4,272
Total liabilities	187,100	202,382
Commitments and contingencies (Note 15)
Stockholders’ (deficit) equity
Common stock ($0.0001 par value; 300,000,000 shares authorized; 4,667,004 and 4,614,279 shares issued and outstanding at December 31, 2025, and December 31, 2024, respectively)	0	0
Additional paid-in capital	791,227	790,094
Accumulated other comprehensive loss	(7,272)	(8,911)
Accumulated deficit	(847,251)	(557,461)
Total stockholders’ (deficit) equity	(63,296)	223,722
Total liabilities and stockholders’ (deficit) equity	$ 123,804	$ 426,104

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of consolidation and presentation

Use of estimates

Segment information

Concentrations of business and credit risk

Fair value measurements

Level 1 — Valuation based on quoted prices (unadjusted) observed in active markets for identical assets or liabilities.

Level 3 — Valuation techniques with significant unobservable market inputs.

The Company measures certain non-financial assets and liabilities, including long-lived assets and intangible assets at fair value on a nonrecurring basis.

Foreign currency matters

The effect of currency translation adjustments on cash and cash equivalents is presented separately in the consolidated statements of cash flows.

Cash and cash equivalents

Cash includes funds deposited in banks. Cash equivalents include highly liquid investments such as term deposits and money market instruments with original maturities of three months or less.

Accounts receivable, net

Inventories

Leases

Property, plant and equipment

Property, plant and equipment, excluding peat bogs and related development, are depreciated using the straight-line method. The following table summarizes the estimated useful lives as follows:


Building and improvements			10 - 40 years
Machinery and equipment			5 - 15 years
Leasehold improvements			Lesser of useful life or term of the lease
Computer equipment			3 - 4 years
Furniture and fixtures			5 years

The useful lives of property, plant and equipment recorded under finance leases are further limited to the term of lease.

Peat bogs and related development costs are depleted using the units of production method over the total expected volume of the peat bogs.

Intangible assets

Revenue recognition

Stock-based compensation

Service-based awards

The Company records stock-based compensation expense for restricted stock units ("RSUs") and service-based stock options on a straight-line basis over the requisite service period.

The fair value of restricted stock awards is measured on the grant date based on the closing price of the Company's common stock.

Performance-based awards

Employee benefit plan

The Company has a savings retirement plan that covers substantially all full-time employees who meet the plan’s eligibility requirements and provides for an employee elective contribution.

Income taxes

Recently issued accounting pronouncements

Restructuring

the Company began the 2023 Restructuring Plan, and undertook significant actions to streamline operations, reduce costs and improve efficiencies. Restructuring actions in the 2023 Restructuring Plan were primarily U.S. manufacturing facility consolidations, in particular with respect to production of certain durable equipment products. Restructuring activities included termination and disposal costs associated with inventory, facilities, and headcount reductions, and non-cash charges consisting of fixed asset and inventory write-downs.The Company initiated the 2025 Restructuring Plan in the second quarter of 2025 to reduce its product portfolio and operational footprint to decrease costs and improve efficiency. The 2025 Restructuring Plan actions entail (i) eliminating a significant portion of the Company's product portfolio, primarily underperforming distributed brands, to improve supply chain and operational focus, (ii) further reductions in the distribution center network and manufacturing footprint including inventory reductions, and (iii) corresponding headcount reductions.

Purchase commitments

From time to time in the normal course of business, the Company will enter into agreements with suppliers which provide favorable pricing in return for a commitment to purchase minimum amounts of inventory over a defined time period.

Contingencies

In the normal course of business, certain claims have been brought against the Company and, where applicable, its suppliers. While there is inherent difficulty in predicting the outcome of such matters, management has vigorously contested the validity of these claims. Based on available information, management does not expect that the outcome of any matters, individually or in the aggregate, would have a material adverse effect on the consolidated financial position, results of operations, cash flows or future earnings of the Company.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities comprised the following:


	December 31,
	2025		2024
Accrued compensation and benefits	$	2,096	$	1,987
Interest accrual	1,902		2,141
Freight, custom and duty accrual	727		1,130
Goods in transit accrual	361		574
Income tax accrual	66		127
Asset retirement obligations	170		284
Other accrued liabilities	2,366		4,404
Total accrued expenses and other current liabilities	$	7,688	$	10,647

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity risks are critical to our business and our processes for identifying and managing material risks from cybersecurity threats have been integrated into our overall risk management system and processes. We rely on complex information technology systems and networks to conduct business, including communicating with employees and our distribution centers, ordering and managing materials from suppliers, selling and shipping products and analyzing and reporting results of operations, as well as for storing sensitive, personal and other confidential information. While we employ resources to monitor and protect our technology infrastructure and sensitive information, these security measures or those of our third-party vendors may not prevent all attempted data security breaches or cyber-attacks. If our or our third-party vendors’ information technology systems are damaged or cease to be available or function properly for an extended period of time, whether as a result of a significant cyber incident or otherwise, our ability to communicate internally as well as with our customers could be significantly impaired, which may adversely impact our business. Addressing cybersecurity risks requires ongoing monitoring and vigilance, and the Company continues to make enhancements to its cybersecurity policies, procedures and practices to safeguard sensitive information as well as information from our partners, customers and employees. We employ a risk-based strategy, aligned with the National Institute of Standards and Technology Cybersecurity framework, focused on safeguarding critical assets by implementing controls around access, data, and infrastructure security to protect the confidentiality, integrity, and availability of our data. Maturation and refinement of the Company's cybersecurity risk management strategy and related procedures is a continuous activity to ensure appropriate identification, assessment, and response to risks from cybersecurity threats that may adversely impact our operations. Our employee training and awareness programs are in place to improve cybersecurity awareness throughout the organization and we are committed to educating our employees on best practices for data protection, phishing awareness, and incident response. We also engage with third-party cybersecurity assessors, consultants, and auditors that provide independent assessments of our systems and processes, as well as those of certain third-party service providers, contributing to our efforts to strengthen our cybersecurity posture and enhance our defenses. On January 31, 2022, certain computer systems related to the Aurora acquisition that had not yet been integrated into our main systems were the victim of a cybersecurity attack. We immediately took steps to isolate those systems and implemented measures to prevent the spread of the attack, including taking systems offline in an abundance of caution. Together with an outside cybersecurity forensics firm, we investigated the attack to determine its nature, scope, duration, and impacts, as well as our vulnerability to another such attack and whether there was any exfiltration or misappropriation of data. There was no evidence that the attack extended beyond the Aurora acquisition’s systems, and it was determined that no critical data was accessed. We have subsequently integrated the acquisition’s systems with our main systems, which we completed in 2024. As of December 31, 2025, we are not aware of any cybersecurity incidents or identified risks from cybersecurity threats that have materially affected, or are reasonably likely to affect, our business strategy, results of operations or financial condition. There is no guarantee that cybersecurity incidents or risks from cybersecurity incidents may not be material in the future. We maintain cyber insurance coverage to supplement our cybersecurity program given the complex and evolving nature of global cyber threats; however, the insurance may not be sufficient to cover all losses from any breaches of our systems and does not extend to reputational damage or costs incurred to improve or strengthen systems against future threats or activity. Given the increasing sophisticated threats, a disruption from a cybersecurity incident is possible to occur and we are actively taking actions to minimize the likelihood and impact of such incidents. In the event of such an incident, our information security team is continuously engaged to investigate and respond, including isolating systems, performing forensics, containing and eradicating malicious activity, and recovering systems in-line with business expectations and operations.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	On January 31, 2022, certain computer systems related to the Aurora acquisition that had not yet been integrated into our main systems were the victim of a cybersecurity attack. We immediately took steps to isolate those systems and implemented measures to prevent the spread of the attack, including taking systems offline in an abundance of caution. Together with an outside cybersecurity forensics firm, we investigated the attack to determine its nature, scope, duration, and impacts, as well as our vulnerability to another such attack and whether there was any exfiltration or misappropriation of data. There was no evidence that the attack extended beyond the Aurora acquisition’s systems, and it was determined that no critical data was accessed. We have subsequently integrated the acquisition’s systems with our main systems, which we completed in 2024.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our board of directors oversees the cybersecurity risk management program and is regularly informed of cybersecurity risks through periodic updates provided by the Director of Information Technology ("IT") and Information Security team, to address our cybersecurity processes and risk mitigation efforts. Certain members of the board of directors have cybersecurity risk certification credentials and experience with, and exposure to, cyber risk oversight. The periodic updates provided by the Director of IT and Information Security team to the board of directors generally encompass emerging cyber threats, the Company’s security posture changes, significant cybersecurity incidents, progress of risk mitigation efforts, and cybersecurity strategies and investments. The frequency of these updates allows for timely decision-making and ensures that our board of directors is fully informed of our cybersecurity risks. Our Director of IT is responsible for identifying, assessing, and mitigating cybersecurity risks across the Company. Supported by our Information Security team, the Director of IT monitors the cyber threat landscape, plans and implements security controls, and responds to incidents. The collective team has extensive experience in information security and cybersecurity risk management and performs detection and monitoring of cybersecurity threats and incidents on an ongoing basis using a combination of security tooling, automated systems and manual processes.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our board of directors oversees the cybersecurity risk management program and is regularly informed of cybersecurity risks through periodic updates provided by the Director of Information Technology ("IT") and Information Security team, to address our cybersecurity processes and risk mitigation efforts. Certain members of the board of directors have cybersecurity risk certification credentials and experience with, and exposure to, cyber risk oversight.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Director of IT is responsible for identifying, assessing, and mitigating cybersecurity risks across the Company.
Cybersecurity Risk Role of Management [Text Block]	Certain members of the board of directors have cybersecurity risk certification credentials and experience with, and exposure to, cyber risk oversight. The periodic updates provided by the Director of IT and Information Security team to the board of directors generally encompass emerging cyber threats, the Company’s security posture changes, significant cybersecurity incidents, progress of risk mitigation efforts, and cybersecurity strategies and investments. The frequency of these updates allows for timely decision-making and ensures that our board of directors is fully informed of our cybersecurity risks. Our Director of IT is responsible for identifying, assessing, and mitigating cybersecurity risks across the Company. Supported by our Information Security team, the Director of IT monitors the cyber threat landscape, plans and implements security controls, and responds to incidents. The collective team has extensive experience in information security and cybersecurity risk management and performs detection and monitoring of cybersecurity threats and incidents on an ongoing basis using a combination of security tooling, automated systems and manual processes.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our board of directors oversees the cybersecurity risk management program and is regularly informed of cybersecurity risks through periodic updates provided by the Director of Information Technology ("IT") and Information Security team, to address our cybersecurity processes and risk mitigation efforts. Certain members of the board of directors have cybersecurity risk certification credentials and experience with, and exposure to, cyber risk oversight. The periodic updates provided by the Director of IT and Information Security team to the board of directors generally encompass emerging cyber threats, the Company’s security posture changes, significant cybersecurity incidents, progress of risk mitigation efforts, and cybersecurity strategies and investments. The frequency of these updates allows for timely decision-making and ensures that our board of directors is fully informed of our cybersecurity risks. Our Director of IT is responsible for identifying, assessing, and mitigating cybersecurity risks across the Company. Supported by our Information Security team, the Director of IT monitors the cyber threat landscape, plans and implements security controls, and responds to incidents. The collective team has extensive experience in information security and cybersecurity risk management and performs detection and monitoring of cybersecurity threats and incidents on an ongoing basis using a combination of security tooling, automated systems and manual processes.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The collective team has extensive experience in information security and cybersecurity risk management and performs detection and monitoring of cybersecurity threats and incidents on an ongoing basis using a combination of security tooling, automated systems and manual processes.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Director of IT is responsible for identifying, assessing, and mitigating cybersecurity risks across the Company. Supported by our Information Security team, the Director of IT monitors the cyber threat landscape, plans and implements security controls, and responds to incidents. The collective team has extensive experience in information security and cybersecurity risk management and performs detection and monitoring of cybersecurity threats and incidents on an ongoing basis using a combination of security tooling, automated systems and manual processes.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Statement [Abstract]
Net sales	$ 134,252	$ 190,288
Cost of goods sold	119,043	158,155
Gross profit	15,209	32,133
Operating expenses:
Selling, general and administrative	59,948	72,794
Impairments	232,179	0
Loss on asset disposition	0	11,520
Loss from operations	(276,918)	(52,181)
Interest expense	(13,427)	(15,237)
Other (expense) income, net	(185)	1,570
Loss before tax	(290,530)	(65,848)
Income tax benefit (expense)	740	(869)
Net loss	$ (289,790)	$ (66,717)
Net loss per share:
Basic (in dollars per share)	$ (62.35)	$ (14.51)
Diluted (in dollars per share)	$ (62.35)	$ (14.51)
Weighted-average shares of common stock outstanding:
Basic (in shares)	4,647,945	4,598,640
Diluted (in shares)	4,647,945	4,598,640

STOCK-BASED COMPENSATION - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Number
Outstanding, beginning (in shares)	40,654
Cancelled (in shares)	(12,580)
Outstanding, ending (in shares)	28,074	40,654
Weighted average exercise price
Outstanding, beginning (in dollars per share)	$ 96.36
Cancelled (in dollars per share)	93.73
Outstanding, ending (in dollars per share)	97.54	$ 96.36
Weighted average grant date fair value
Outstanding, beginning (in dollars per share)	22.76
Cancelled (in dollars per share)	18.88
Outstanding, ending (in dollars per share)	$ 24.50	$ 22.76
Weighted average remaining contractual term (years)
Outstanding, term	3 years 6 months	3 years 8 months 1 day

FAIR VALUE MEASUREMENTS - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($) a
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of acres owned \| a			140
Impairment of intangible assets of Canadian customer relationship	$ 228,395
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairments
Impairments	$ 232,179	$ 232,179	$ 0
Impairment charges related to property plant and equipment	$ 3,784
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Excess Land At Goshen, NY
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of acres to be sold \| a			20
Number of acres owned \| a			140
Assets held for sale			$ 470

LOSS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents basic and diluted loss per common share for the years ended December 31, 2025, and 2024:


	Years ended December 31,
	2025		2024
Net loss	$	(289,790)	$	(66,717)
Weighted-average shares of common stock outstanding	4,647,945		4,598,640
Dilutive effect of share based compensation awards using the treasury stock method	—		—
Diluted weighted-average shares of common stock outstanding	4,647,945		4,598,640
Basic loss per common share	$	(62.35)	$	(14.51)
Diluted loss per common share	$	(62.35)	$	(14.51)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


	Years ended December 31,
	2025	2024
Shares subject to unvested or deferred performance and restricted stock units	335,860	290,334
Shares subject to stock options outstanding	28,074	40,654

DEBT - Revolving Asset-backed Credit Facilities (Details)	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	May 09, 2025 USD ($)	May 08, 2025	Nov. 01, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 22, 2022 USD ($)	Aug. 31, 2021 USD ($)	Mar. 29, 2021 USD ($)
Debt Instrument [Line Items]
Deferred financing costs and discount	$ 2,576,000	$ 3,443,000
Other debt	85,000	93,000
Loss on debt modification	120,000	195,000
Revolving Asset-backed Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 22,000,000
Availability block			$ 2,000,000
Fixed charge ratio, cash dominion (as percent)			0.50	0.10
Fixed charge ratio, excess availability (as percent)			0.20	0.10
JPMorgan Credit Facility \| Revolving Asset-baked Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 35,000,000	$ 55,000,000	$ 75,000,000	$ 100,000,000	$ 50,000,000
Deferred financing costs and discount	$ 209,000	237,000
Covenant , minimum fixed charge coverage ratio multiplier	1.1
Covenant , minimum fixed charge coverage ratio, term	12 months
Covenant, excess availability term	30 days
Fixed charge coverage ratio	1.15
Debt instrument, basis spread on variable rate	1.95%
Debt instrument, floor on variable rate	0.00%
Line of credit facility, unused capacity, commitment fee percentage	0.40%
Borrowings outstanding	$ 0	$ 0

ACCOUNTS RECEIVABLE, NET AND INVENTORIES - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Receivables [Abstract]
Trade accounts receivable	$ 7,706	$ 14,112
Allowance for credit losses	(362)	(706)
Other receivables	842	1,350
Total accounts receivable, net	$ 8,186	$ 14,756

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Payables and Accruals [Abstract]
Accrued compensation and benefits	$ 2,096	$ 1,987
Interest accrual	1,902	2,141
Freight, custom and duty accrual	727	1,130
Goods in transit accrual	361	574
Income tax accrual	66	127
Asset retirement obligations	170	284
Other accrued liabilities	2,366	4,404
Total accrued expenses and other current liabilities	$ 7,688	$ 10,647

STOCK-BASED COMPENSATION

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

Stock-based compensation plan overview

The Company maintains three equity incentive plans: the 2018 Equity Incentive Plan ("2018 Plan"), the 2019 Employee, Director and Consultant Equity Incentive Plan ("2019 Plan") and the 2020 Employee, Director, and Consultant Equity Incentive Plan ("2020 Plan" and collectively, "Incentive Plans"). The 2020 Plan serves as the successor to the 2019 Plan and 2018 Plan and provides for the issuance of incentive stock options ("ISOs"), stock grants and stock-based awards to employees, directors, and consultants of the Company. No further awards will be issued under the 2018 Plan and 2019 Plan. As of December 31, 2025, a total of 301,127 shares were available for grant under the 2020 Plan.

The Incentive Plans are administered by the Company's board of directors. Notwithstanding the foregoing, the board of directors may delegate concurrent responsibility for administering each plan, including with respect to designated classes of persons eligible to receive an award under each plan, to a committee or committees (which term shall include subcommittees) consisting of one or more members of the board of directors (collectively, the "Plan Administrator"), subject to such limitations as the board of directors deems appropriate.

In November 2020, the board of directors and stockholders approved the 2020 Plan and reserved an aggregate of 228,405 shares of common stock for issuance under the 2020 Plan. Pursuant to the 2020 Plan, the number of shares available for issuance under the 2020 Plan may be increased on January 1 of each year, beginning on January 1, 2021, and ending on January 2, 2030, in an amount equal to the lesser of (i) 4% of the outstanding shares of the Company’s common stock on such date or (ii) such number of shares determined by the Plan Administrator.

The 2020 Plan provides for the grant of ISOs, nonqualified stock options, stock grants, and stock-based awards that are based in whole or in part by reference to the Company’s common stock.

•The Plan Administrator may grant options designated as ISOs or nonqualified stock options. Options shall be granted with an exercise price per share not less than 100% of the fair market value of the common stock on the grant date, subject to certain limitations and exceptions as described in the plan agreements. Generally, the maximum term of an option shall be 10 years from the grant date. The Plan Administrator shall establish and set forth in each instrument that evidences an option the time at which, or the installments in which, the option shall vest and become exercisable.

•The Plan Administrator may grant stock grants and stock-based awards, including securities convertible into shares, stock appreciation rights, phantom stock awards or stock units on such terms and conditions which may be based on continuous service with the Company or related company or the achievement of any performance goals, as the Plan Administrator shall determine in its sole discretion, which terms, conditions and restrictions shall be set forth in the instrument evidencing the award.

The tax benefits recognized in the consolidated statements of operations for stock-based compensation arrangements for the years ended December 31, 2025, and 2024, were not material to the financial statements.

Restricted Stock Unit Activity

RSUs granted to certain executives, employees and members of the board of directors expire 10 years after the grant date. The awards generally have a time-based vesting requirement (based on continuous employment). Upon vesting, the RSUs convert into shares of the Company's common stock. The stock-based compensation expense related to service-based awards is recorded over the requisite service period. During the year ended December 31, 2025, the Company granted 231,618 RSU awards to certain directors, executives and employees that are expected to vest with either one, two or three equal vesting tranches, annually on the anniversary of the grant date.


	Number of RSUs	Weighted average grant date fair value
Balance, December 31, 2024	102,030	$	13.82
Granted	231,618	$	4.56
Vested	(124,511)	$	11.45
Forfeited	(29,986)	$	6.15
Balance, December 31, 2025	179,151	$	4.78

The total vest date fair value of RSUs vested for the years ended December 31, 2025, and 2024, was $123, and $729, respectively. The Company recognized $1,057, and $1,927, of total stock-based compensation expense for RSUs for the years ended December 31, 2025, and 2024, respectively. As of December 31, 2025, total unamortized stock-based compensation cost related to unvested RSUs was $443 and the weighted-average period over which the compensation is expected to be recognized is less than one year.

During the year ended December 31, 2025, 94,188 RSUs that vested were not issued due to the recipients' elections to defer the conversion into common stock. As of December 31, 2025, there were 156,709 RSUs which had vested, but were not yet issued due to the recipients' elections.

For the year ended December 31, 2025, the Company withheld 4,830, of the 30,323, shares of common stock issued upon vesting of RSUs to meet employees' payroll tax withholding requirements. The tax withholding payments of $21 were made in 2025.

Performance Stock Unit Activity

During the year ended December 31, 2024, the Company granted PSU awards that were subject to a one-year vesting requirement (based on continuous employment) and contained performance conditions based on certain performance metrics. There were no PSUs granted during the year ended December 31, 2025. During the year ended December 31, 2025, the PSU forfeitures were due to employee terminations and performance conditions that were not satisfied, while PSU vests were from awards granted in the prior year. The following table summarizes the activity related to the Company's PSUs for the year ended December 31, 2025:


	Number of PSUs	Weighted average grant date fair value
Balance, December 31, 2024	125,783	$	9.89
Vested	(40,871)	$	9.89
Forfeited	(84,912)	$	9.89
Balance, December 31, 2025	—	$	—

The total vest date fair value of PSUs vested for the years ended December 31, 2025, and 2024, was $73 and $167,

respectively. The Company recognized $122, and $357, of total stock-based compensation expense for PSUs the years ended December 31, 2025, and 2024, respectively. As of December 31, 2025, there was no unamortized stock-based compensation cost related to unvested PSUs.

For the year ended December 31, 2025, the Company withheld 13,639, of the 40,871, shares of common stock issued upon vesting of PSUs to meet employees' payroll tax withholding requirements. The tax withholding payments of $24 were made in 2025.

Stock Options

The vesting of stock options is subject to certain change in control provisions as provided in the incentive plan agreements and stock options may be exercised up to 10 years from the date of issuance.

There were no stock options granted or exercised during the years ended December 31, 2025, or 2024. The following table summarizes the stock option activity for the year ended December 31, 2025:


	Number	Weighted average exercise price		Weighted average grant date fair value		Weighted average remaining contractual term (years)
Outstanding and exercisable as of December 31, 2024	40,654	$	96.36	$	22.76	3.67
Cancelled	(12,580)	$	93.73	$	18.88
Outstanding and exercisable as of December 31, 2025	28,074	$	97.54	$	24.50	3.50

Since stock options represent equity awards of the Company, such awards are fair valued as of the grant date for the purposes of measurement and recognition under U.S. GAAP. To measure the fair value of an option, the Black-Scholes valuation model was utilized. The valuation model requires the input of subjective assumptions. For inputs into the Black-Scholes model, the expected volatility is based on historical implied volatility from recent stock option transactions at the time of grant. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury implied yield at the date of grant. The Company has elected to use the "simplified method" to determine the expected term which is the midpoint between the vesting date and the end of the contractual term because it has insufficient history upon which to base an assumption about the term. The expected dividend yield is 0.0% as the Company has not paid and does not anticipate paying dividends on its common stock.

For the years ended December 31, 2025, and 2024, respectively, the Company recognized zero and $101, of total stock-based compensation expense for stock options. As of December 31, 2025, there was no unvested options or unrecognized compensation expense.